President Trump collected $ 239 million for his inauguration festivities in January, an amount reversing standards fueled by the desire of American companies to curb the favor with a famous transactional president.
The total, revealed in a file to the Federal Electoral Commission on Sunday, is more than double the previous record of $ 107 million fixed by the Trump’s inaugural committee in 2017. About 140 different people or businesses gave at least $ 1 million for effort, including first -rate companies like JPMorgan Chase, Delta Air Lines and Target.
The committee, officially known as the inaugural Trump-Vance Committee, is held by federal law to report the names of the donors and the dollar amounts of contributions of more than $ 200 to the FEC no more than 90 days after the ceremony of January 20. It is not necessary to point out how he spent the money.
Many donations to the inauguration of Mr. Trump were previously announced – such as $ 1 million each of technology giants like Meta and Amazon – in part because companies wanted to know that they supported Mr. Trump’s official return. But the report revealed that some names are not well supposed, including several friends from Elon Musk, such as technological investors like John Hering, Ken Howery and Keith Rabois, who each given $ 1 million. (Neither Mr. Musk, a better presidential advisor, nor any of his societies gave.)
The three largest contributions came from a poultry producer, Pilgrim’s, who donated $ 5 million; A crypto company, Ripple Inc., who donated just under this; And Warren Stephens, a republican donor who gave $ 4 million on the same day, on December 2, that Mr. Trump appointed his choice to be Ambassador in Great Britain.
The inaugurations, even with several days of elaborate dinners and other events, have never cost something for almost a quarter of a billion dollars, and the amount collected by the Committee will referate questions on where the remaining funds could happen. The committee did not say how much money it spent, but the president’s allies said that the remaining amount would be channeled on other projects sponsored by Trump, mainly a non -profit organization that will strengthen its presidential library.
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