President-elect Donald J. Trump’s inaugural committee has raised over $170 million for the ceremony, setting a new record according to the Associated Press. Donations by tech executives and big donors were confirmed by a source who spoke on the condition of anonymity. The source said the committee expects to raise more than $200 million by the end of the effort.
By comparison, 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 said he planned to make a personal donation of $1 million.
Related: Why Every Entrepreneur Needs a Plan for Inauguration Day
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