Trump Sets Record with Over $170 Mln Raised for Inauguration

President-elect Donald Trump has amassed over $170 million in donations to fund his upcoming inauguration, setting a historic record.

This unprecedented figure highlights the willingness of top tech executives and major donors to contribute generously to the event.

A source familiar with the fundraising efforts, who spoke on condition of anonymity, confirmed the total raised so far.

The Trump Inaugural Committee is projected to exceed $200 million by the conclusion of its campaign.

The committee has yet to disclose how the funds will be allocated. Traditionally, inaugural donations are used to cover costs for events surrounding the swearing-in ceremony, including the inaugural parade, official galas, and other celebratory activities.

This fundraising total more than doubles the $62 million raised for President Joe Biden's inauguration four years ago, according to Federal Election Commission records. 

It also surpasses the previous record set during Trump’s 2016 inauguration, which brought in $107 million.

As speculation grows about how these record-breaking funds will be spent, Trump’s second inauguration fundraising marks yet another milestone in reshaping presidential traditions.