U.S. business leaders are pouring billions into President Donald Trump’s second inaugural fund, which is expected to surpass the record $107 million raised in 2017. .
The donations, which are not subject to campaign finance laws, come as industry and business leaders seek to drum up support for the next president after he decisively won a second non-consecutive term in November. It was held inside.
Planned donations include $1 million each from Jeff Bezos’ Amazon, OpenAI CEO Sam Altman and Mark Zuckerberg’s Facebook parent Meta. It is reported that the
Hedge fund manager Ken Griffin plans to donate $1 million, Bloomberg reported. Uber and its CEO Dara Khosrowshahi are reportedly tipping $1 million each. Toyota, Ford, and General Motors are each stripped of $1 million. Ford is also reportedly tying its donations to a fleet of vehicles.
“Everyone wants to be my friend!!!” Trump wrote in a post on Truth Social on Thursday.
According to reports, many U.S. industry and financial executives have already visited Mar-a-Lago, the headquarters of President Trump’s transition team, seeking influence and access to the incoming administration they are trying to destabilize. Either they are there or they are planning to visit. Improving international trade norms.
Brendan Glavine, director of research at OpenSecret, a political finance nonprofit, told CNBC last week that Trump’s inaugural committee is “a great opportunity for them to rally support for the incoming administration.”
Glavine noted that courting Trump is as much a defensive posture as it is an aggressive one of appealing. “None of these people want to be Trump’s punching bag for four years,” he told the outlet.
ABC News reports that pledged donations have already exceeded the $150 million fundraising goal and that President Trump’s second inauguration fund is on track to break the previous record of $107 million. Reported. Barack Obama’s inauguration raised $53 million in 2009, $42 million in 2013, and Joe Biden’s 2021 inauguration raised $63 million.
“One of the oldest adages in Washington is that if you’re not at the table, you’re on the menu, and the price of admission to get a seat at the table keeps going up,” says Political Director Michael Beckel. The reform advocacy group Issue One told the media.
The Wall Street Journal reported Tuesday that President Trump’s second inauguration, despite his promise to suspend or reconsider donations to political action committees after the Jan. 6, 2001, riot at the U.S. Capitol, We have identified 11 companies and industry organizations that support the.
The paper noted that Ford, Intuit, Toyota, and Pharmaceutical Research of America were among the companies that made January 6th-related pledges, but are now supporting the Trump commission.
A Phrma spokesperson told the outlet that the company “announced a suspension of donations at the time and has since added new criteria to guide donations.”
The newspaper reported that companies are being advised by political strategists to eliminate language favorable to Democrats from their websites and corporate policies. They included a letter from former Stanley Black & Decker CEO Jim Rowley condemning the Capitol attack and declaring that the company was “supporting democracy and peace.” “I will defend the transition of power,” he vowed.
The company is contributing $1 million to the startup fund, a significant increase from the $25,000 it donated to Trump in 2017.
Trump aides have suggested that the fundraiser is not about money, but a symbolic way to demand an apology for his past lack of loyalty.
Donors who give $1 million or raise $2 million will receive a series of inaugural events, including a Cabinet selection reception, a “candlelight dinner” with Trump and Melania Trump, and a black-tie ball, the paper said. Six tickets to the previous event will be given away. .
