President-elect Donald J. Trump’s inaugural committee has raised over $170 million for the ceremony, setting a brand new report in accordance with the Associated Press. Donations by tech executives and massive donors had been confirmed by a supply who spoke on the situation of anonymity. The supply stated the committee expects to lift greater than $200 million by the top of the trouble.
By comparability, President Biden’s committee raised $62 million for his inauguration. Trump’s haul was aided by $1 million donations from Amazon and Meta and OpenAI CEO Sam Altman has stated he deliberate to make a private donation of $1 million.
Associated: Why Every Entrepreneur Needs a Plan for Inauguration Day
What does all of that cash go to? Per the AP, the pool of donations is usually used to pay for celebratory occasions, a parade, and quite a lot of inaugural balls. Any donated cash that isn’t spent shall be used for Trump’s presidential library, in accordance with the within supply.
The $170 million haul is so enormous, stories the New York Times, that “some seven-figure donors have been positioned on wait lists or have been advised they in all probability won’t obtain V.I.P. tickets in any respect as a result of the occasions are at capability.”
Learn extra on the AP and New York Times.
