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 Related Press. Donations by tech executives and large donors have been confirmed by a supply who spoke on the situation of anonymity. The supply mentioned the committee expects to boost 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 mentioned he deliberate to make a private donation of $1 million.
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What does all of that cash go to? Per the AP, the pool of donations is often used to pay for celebratory occasions, a parade, and various inaugural balls. Any donated cash that isn’t spent might be used for Trump’s presidential library, in accordance with the within supply.
The $170 million haul is so enormous, experiences the New York Occasions, that “some seven-figure donors have been positioned on wait lists or have been instructed they most likely 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 Occasions.