Trump secures record $250 million for inauguration

Donald Trump’s inauguration has set a record with $250 million raised, surpassing the $107 million from 2017. Major tech and cryptocurrency firms back the event as Trump and Vice President-elect J.D. Vance prepare to take office today.

United States President-elect Donald Trump has raised a record $250 million for his inauguration, set to take place today.

According to ABC News, citing sources, the funds were secured by Trump’s inaugural committee, in collaboration with Vice President-elect J.D. Vance and major fundraising organisations. This marks a significant increase from the $107 million raised for Trump’s 2017 inauguration.

The event has attracted financial backing from leading technology firms, including Meta, Apple, Amazon, Google, Microsoft, OpenAI, and Uber. Additionally, key players in the cryptocurrency industry are among the contributors, with Ripple pledging $5 million, Robinhood $2 million, and Coinbase $1 million.

The scale of fundraising underscores the level of corporate and financial sector engagement in the event, reflecting both economic and political interests at play.