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 the ceremony, mounting a caller grounds according to the Associated Press. Donations by tech executives and large donors were confirmed by a root who said connected the information of anonymity. The root said the committee expects to raise much than $200 cardinal by the extremity of the 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 aid of $1 million.

Related: Why Every Entrepreneur Needs a Plan for Inauguration Day

What does each of that money spell to? Per the AP, the excavation of donations is typically utilized to salary 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 the wrong source.

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

Read much astatine the AP and New York Times.