Donald Trump's Inauguration Is Poised To Set An Eye-popping Record

President-elect Donald J. Trump's inaugural committee has raised complete $170 cardinal for nan ceremony, mounting a caller grounds according to nan Associated Press. Donations by tech executives and ample donors were confirmed by a guidelines who said connected nan accusation of anonymity. The guidelines said nan committee expects to raise overmuch than $200 cardinal by nan extremity of nan effort.

By comparison, President Biden's committee raised $62 cardinal for his inauguration. Trump's haul was aided by $1 cardinal donations from Amazon and Meta and OpenAI CEO Sam Altman has said he planned to make a individual assistance of $1 million.

Related: Why Every Entrepreneur Needs a Plan for Inauguration Day

What does each of that money spell to? Per nan AP, nan excavation of donations is typically utilized to net for celebratory events, a parade, and a number of inaugural balls. Any donated money that is not spent will beryllium utilized for Trump's statesmanlike library, according to nan incorrect source.

The $170 cardinal haul is truthful huge, reports nan New York Times, that "some seven-figure donors personification been placed connected clasp lists aliases personification been told they astir apt will not personification V.I.P. tickets astatine each because nan events are astatine capacity."

Read overmuch astatine nan AP and New York Times.