President-elect Donald Trump is heading into his second inauguration with record fundraising, raising more than $200 million since Election Day, The New York Times reported.
Trump allies have raised more than $200 million to fund his political campaign, inauguration and legally mandated presidential library, The New York Times reported. reportedThis was reported by four sources involved in the fundraising. According to reports, some of the donors sending funds to the anniversary include Amazon, Meta, Pfizer, OpenAI, and a number of cryptocurrency companies. (Related: Amazon donates $1 million to President Trump’s inaugural fund).
According to the New York Times, $150 million has already been raised, with more expected in the future, which is more than President Trump’s reported $107 million at the time of his inauguration in 2017. It will be surpassed. Trump reportedly told people during the Christmas season that he had raised more than $200 million since the election. His team also pointed out to the outlet how many people have been eager to donate since his victory over Vice President Kamala Harris, the 2024 Democratic presidential candidate.
Among the fundraisers, lobbyist David Tamasi rejected claims that companies are donating to avoid Trump’s wrath. However, Tamasi told the program that some donors may be giving money to make amends for having previously distanced themselves from President Trump.
“It’s a long-standing tradition in Washington, D.C., that companies have enthusiastically embraced this cycle in every way possible, largely because they were on the sidelines under the Trump administration,” Tamasi told the outlet. “They no longer have to hedge their political bets.”
Trump has received more than $200 million so far, surpassing the previous record of $107 million he received for his first inauguration after his 2016 victory.
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The New York Times noted that the founding committee is allowed to accept unlimited donations from companies and individuals, but is not allowed to accept any donations from foreigners. Many companies are reportedly providing inauguration funds to show their willingness to work with the incoming administration.
Major donations include $1 million from ride-sharing company Uber and donations from crypto entities such as XRP and Robinhood, which pledged $5 million and $2 million, respectively, the outlet said. Reported.
“We pursue our mission to drive positive market change, be active advocates for our customers, and democratize finance for everyone,” said Mary Elizabeth, Robinhood’s Vice President of Global Government and External Affairs. I look forward to working with President Trump and the next administration to achieve this goal.” Taylor said in a statement to the magazine.
