President Donald Trump set a brand new report in funds raised for his inauguration bills earlier this 12 months.
Based on new filings with the Federal Election Fee launched on Sunday, Trump raised $239 million for his inauguration on Jan. 20, 2025, greater than double the earlier report of $107 million he set together with his inauguration in 2017. His predecessor, Joe Biden, raised $62 million for his inauguration in the course of the pandemic in 2021, about 4 occasions lower than what Trump collected for his inauguration this 12 months.
Per the filings, the most important donor to Trump’s inaugural fund was Colorado-headquartered poultry producer Pilgrim’s Pleasure, which gave $5 million. Different giant donors included cryptocurrency firm Ripple Labs and buying and selling app Robinhood, which gave $4.9 million and $2 million, respectively. Funding banking billionaire Warren Stephens gave $4 million to the inaugural fund. Stephens is the present nominee for ambassador to the UK.
Huge Tech firms and CEOs additionally contributed thousands and thousands to Trump’s inauguration. Meta, Amazon, and Google every donated $1 million, with Apple CEO Tim Prepare dinner and OpenAI CEO Sam Altman additionally contributing $1 million every.
President Donald Trump. Picture by Win McNamee/Getty Pictures
Based on the filings, greater than half of the committee’s funding, roughly 60%, was derived from 130 donations of at the least $1 million.
It is unclear how a lot of the inaugural fund was spent and whether or not there have been any funds remaining. Based on The New York Occasions, any leftover donations will probably be allotted to different initiatives that Trump is all in favour of, together with a presidential library to compile the paperwork and artifacts from his administration in a single place.
