Major Corporations Donate Millions to Trump’s Record-Breaking Inauguration Fund
Companies like Ford, Toyota, Amazon, and Meta contribute significant funds as businesses seek to align with the incoming administration.
- Ford, Toyota, and other major corporations have pledged $1 million each to President-elect Donald Trump's inaugural fund, with Ford and General Motors also providing vehicles for the event.
- Trump's inauguration fundraising has already surpassed $150 million, setting a new record compared to his 2017 inauguration and President Biden's 2021 total of $61 million.
- Corporate donations are seen as efforts to gain favor with the incoming administration, particularly as Trump proposes tariffs and regulatory changes that could impact industries like automotive and tech.
- Tech leaders such as Amazon's Jeff Bezos, Meta's Mark Zuckerberg, and OpenAI's Sam Altman have also donated $1 million each, signaling a shift in their relationships with Trump after previous tensions.
- Watchdog groups have criticized the influx of corporate money into inaugural committees, calling it a 'cesspool of buying favors' as companies aim to influence policy decisions.