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) < > It's Coming Down to the Line at Westminster Show 2 hours, 18 minutes ago Soccer Star Sam Kerr Not Guilty in Racial Harassment Case 4 hours, 37 minutes ago Venezuelan Deportation Flights Resume, Signaling Diplomatic Shift 10 hours, 54 minutes ago Trump Considers Tariff Exemption for Australian Metals 11 hours, 24 minutes ago Fox Sports Projects Record 126M Super Bowl Viewers 11 hours, 54 minutes ago Measles Outbreak Hits West Texas Amid Low Vaccination Rates 12 hours, 24 minutes ago Trump Advisers to Meet Zelensky at Munich Summit 12 hours, 59 minutes ago Eagles Plan Their Victory Parade for Friday Feb 10, 2025 11:37 AM CST Tragic Bus Crash in Guatemala City Kills 51 Feb 10, 2025 11:33 AM CST Using Saliva, Scientists Track Rare Bats Feb 10, 2025 11:17 AM CST Finland's Former PM Sanna Marin to Publish Memoir Feb 10, 2025 8:11 AM CST Dalai Lama's Older Brother Dies at 97 Feb 10, 2025 2:15 AM CST Federal Court Halts Guantanamo Transfer of Venezuelan Immigrants Feb 10, 2025 1:45 AM CST Vatican Criticizes US Migrant Crackdown, USAID Cuts Feb 10, 2025 1:15 AM CST Randy Moss Returns to ESPN After Cancer Treatment Feb 10, 2025 12:45 AM CST Super Bowl Officials Spark Controversy With Close Calls Feb 10, 2025 12:15 AM CST Report an error