The fundraising for the inauguration of President-elect Donald Trump has beaten all records, gathering an unprecedented $170 million.
Tech executives and big donors have donated massive sums of money to curry favor with the incoming president. The donations are usually spent on events surrounding the inauguration, such as the oath of office ceremony, a parade, and several inaugural balls.
The fundraising sum was initially reported Wednesday by The New York Times.
Federal Election Commission records reveal that President Joe Biden brought in $62 million for his inauguration four years ago. When Trump was inaugurated in 2016, the donations also set a record then as he collected more than $106 million.
Friday 10 January 2025 21:21 GMT
https://www.independent.co.uk/news/world/americas/us-politics/donald-trump-presidential-inauguration-donors-b2676886.html