Trump Sets Fundraising Record With $170M Inaugural Haul

President-elect Trump has raised over $170 million for his inauguration, setting a fundraising record with contributions from tech executives and major donors. Sources indicate that the total fundraising could surpass $200 million. The funds could be used to support inaugural events like the oath of office ceremony, parade, and inaugural balls, with leftover money potentially aiding the funding of a future Trump presidential library.

The significant amount eclipses the nearly $62 million raised for President Biden's inauguration four years ago. Trump's fundraising prowess was noted in 2016 as well, where he collected nearly $107 million. This financial success follows Trump's November victory and the GOP's control of Congress, prompting tech companies and major donors to invest in fostering relationships with the incoming administration.

Tech giants such as Amazon and Meta, along with OpenAI's CEO Sam Altman, have committed $1 million each toward the inauguration fund. These contributions come as part of a broader effort by corporate entities to align with the new administration. The substantial financial backing shows a strategic effort by companies to position themselves favorably with Trump. (This story was generated by Newser's AI chatbot. Source: the AP)