President Donald Trump set a brand new document 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 document of $107 million he set along with his inauguration in 2017. His predecessor, Joe Biden, raised $62 million for his inauguration throughout 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 Satisfaction, which gave $5 million. Different massive 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.
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Large Tech firms and CEOs additionally contributed hundreds of 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 no less than $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 Instances, any leftover donations will probably be allotted to different tasks that Trump is inquisitive about, together with a presidential library to compile the paperwork and artifacts from his administration in a single place.
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