Trump Has Reeled in More Than $200 Million Since Election Day

[BumRushDaShow]

Source: New York Times

Jan. 4, 2025, 5:01 a.m. ET


Since his victory in November, President-elect Donald J. Trump’s allies have raised well over $200 million for a constellation of groups that will fund his inauguration, his political operation and eventually his presidential library, according to four people involved in the fund-raising. It is a staggering sum that underscores efforts by donors and corporate interests to curry favor with Mr. Trump ahead of a second presidential term after a number of business leaders denounced him following the violence by his supporters at the Capitol on Jan. 6, 2021.

Mr. Trump has promised to gut the “deep state” and made various promises to industry supporters. Among the pledged donors for the inaugural events are Pfizer, OpenAI, Amazon and Meta, along with cryptocurrency firms. The total haul for the committee financing his inaugural festivities — at least $150 million raised, with more expected — will eclipse the record-setting $107 million raised for his 2017 inauguration, according to three people briefed on the matter who requested anonymity because they were not authorized to share internal financial information.

Other committees benefiting from the fund-raising blitz include a super PAC called Make America Great Again Inc. and its associated nonprofit group, which is expected to be used by Mr. Trump’s team to back his agenda and candidates who support it, while opposing dissenters.

Mr. Trump has boasted about the haul, telling people during the Christmas holiday season that he had raised more than $200 million since the election. Mr. Trump’s team has repeatedly noted how many people have wanted to find ways to donate to him since his election win. The Trump transition and inaugural committee did not return emails seeking comment about the fund-raising haul.

Read more: https://www.nytimes.com/2025/01/04/us/politics/trump-inaugural-donations.html

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