Donald Trump’s Presidential Inauguration: A Record-Breaking Affair
Next Monday’s inauguration of Donald Trump as the 47th President of the United States promises to be an event like no other. With a whopping $170 million already raised and expectations of reaching $200 million, this inauguration is shaping up to be the most expensive in the country’s history. The who’s who of the business world, including the likes of Elon Musk, Mark Zuckerberg, and Sam Altman, have contributed to this staggering figure, with some donors shelling out as much as $10 million for a chance to rub shoulders with the President-elect.
A Star-Studded Guest List
The exclusive guest list includes business moguls and tech industry giants, all of whom are eager to witness the historic event. The CEO of TikTok, Shou Zi, and the owner of META, Mark Zuckerberg, will be in attendance, along with other notable figures from the world of technology.
The High Cost of Access
For those who want to attend the events surrounding the inauguration, the cost of admission is steep. Donors have had to shell out twice as much money as was required at Trump’s first inauguration. The presidential committee requires a minimum donation of $1 million to attend the inaugural dinner, where guests can briefly interact with the President-elect and his running mate, JD Vance.
Allocation of Funds
While Trump’s inaugural committee is responsible for distributing the funds, the exact details of how the money will be spent remain unclear. Traditionally, the majority of the funds are allocated to events surrounding the inauguration, such as parades, balls, and other festivities. However, some expenses, such as the Capitol events, are covered by funds already allocated by the Joint Congressional Committee on Inaugural Ceremonies.
A Comparison to Previous Inaugurations
Trump’s estimated budget dwarfs that of his predecessors. The Democrats’ inauguration four years ago cost a mere $62 million, while Barack Obama’s inauguration, which took place under normal circumstances, was relatively restrained with a budget of $170 million. Trump’s previous inauguration, which cost $120 million, looks modest in comparison.
A Lavish Celebration
With no limits set, Trump’s inauguration promises to be a lavish celebration of his return to the White House. From lucrative donations to high-end events, every detail is being carefully planned to make this inauguration one to remember. As the President-elect prepares to take the oath of office, one thing is clear: this will be an event for the ages.