President-elect Donald J. Trump's inaugural committee has raised over $170 million for the ceremony, surpassing previous records. The influx is significantly higher than President Biden's $62 million.
Donations from major tech executives and large donors boosted Trump's fundraising, with notable contributions of $1 million each from Amazon, Meta, and OpenAI's Sam Altman.
Typically, the raised funds cover celebratory events, a parade, and various inaugural balls, while remaining funds are allocated for Trump's future presidential library.
The unprecedented $170 million raised has led to some seven-figure donors being placed on wait lists, indicating overwhelming interest and capacity issues for the inaugural events.
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