Politics / Donald Trump Trump Sets Fundraising Record With $170M Inaugural Haul Tech firms and major donors contribute to record-breaking total By Newser.AI Read our AI policy Posted Jan 9, 2025 12:45 AM CST Copied President-elect Donald Trump, center, and his wife Melania, walk with Majority Leader John Thune, R-S.D., and his wife, Kimberley, to meet with Senate Republican at the U.S. Capitol, Wednesday, Jan. 8, 2025, in Washington. (AP Photo/Steve Helber) President-elect Trump has raised over $170 million for his inauguration, setting a fundraising record with contributions from tech executives and major donors. Sources indicate that the total fundraising could surpass $200 million. The funds could be used to support inaugural events like the oath of office ceremony, parade, and inaugural balls, with leftover money potentially aiding the funding of a future Trump presidential library. The significant amount eclipses the nearly $62 million raised for President Biden's inauguration four years ago. Trump's fundraising prowess was noted in 2016 as well, where he collected nearly $107 million. This financial success follows Trump's November victory and the GOP's control of Congress, prompting tech companies and major donors to invest in fostering relationships with the incoming administration. Tech giants such as Amazon and Meta, along with OpenAI's CEO Sam Altman, have committed $1 million each toward the inauguration fund. These contributions come as part of a broader effort by corporate entities to align with the new administration. The substantial financial backing shows a strategic effort by companies to position themselves favorably with Trump. (This story was generated by Newser's AI chatbot. Source: the AP) < > Georgia Family Sues Sealy Following Man's Death 12 hours, 53 minutes ago National Guard Prepares for Trump Inauguration With New Patches 13 hours, 0 minutes ago Woman Who Helped Sink Trudeau Enters Race to Lead Canada Jan 17, 2025 2:08 PM CST Kemp Proposes Medicaid Changes for Low-Income Families Jan 17, 2025 9:32 AM CST Canada Considers US Submarine Purchase Amid Trade Tensions Jan 17, 2025 7:54 AM CST NOLA Clears Homeless Encampments Ahead of Super Bowl Jan 17, 2025 6:52 AM CST Trump Enlists NJ Congressman to Halt Offshore Wind Jan 17, 2025 6:23 AM CST Rare 1904 Olympic Gold Medal Goes Up for Auction Jan 17, 2025 1:45 AM CST Ohtani Donates $500K to Aid in Wildfire Relief Jan 17, 2025 1:15 AM CST Nintendo Unveils Switch 2 Jan 17, 2025 12:45 AM CST China Faces 3rd Year of Population Decline Jan 17, 2025 12:15 AM CST Lorne Michaels Donates Career Archive to University of Texas Jan 16, 2025 1:08 PM CST South Carolina Unveils $1.8B Accounting Oversight Jan 16, 2025 1:45 AM CST Texas Deputy Shot Serving Warrant Jan 16, 2025 1:15 AM CST Cuba Begins Prisoner Release After Vatican-Brokered Deal Jan 16, 2025 12:15 AM CST Report an error