Politics
These are the billionaires and tech companies that will invest millions in Trump's inauguration: Amazon, Meta...
Unlike Trump’s last inauguration, tech moguls and companies are lavishing large sums of money on the president-elect’s inaugural fund.
Since Donald Trump won the 2024 presidential election he’s been getting visits from leaders of the tech industry at his Mar-a-Lago beach club in Florida. They are trying to curry favor with the president-elect ahead his swearing-in on January 20, 2025. For some of them, they are attempting patch up relationships that have been contentious.
Additionally, tech moguls are making a show of forking over large sums of money to Trump’s inaugural fund. The outwardness and sums are unlike the last time Trump won in 2016.
These are the billionaires and tech companies that will invest millions in Trump’s inauguration
OpenAI CEO Sam Altman is the latest tech leader to announce that he will make a donation of $1 million to the Trump inaugural fund. In doing so he said in a statement: “President Trump will lead our country into the age of AI, and I am eager to support his efforts to ensure America stays ahead.”
His generous seven-figure check followed Meta, parent company of Facebook and Instagram, saying that it would give the fund a cool million. The company’s CEO Mark Zuckerberg, who Trump threatened to throw in jail a few months ago, had dinner with the president-elect and other members of his team last month at Mar-a-Lago.
The Wall Street Journal reported that Jeff Bezos’ Amazon too, intends to shell out $1 million to Trump’s inaugural fund and Prime will stream the ceremony on Prime. The billionaire had several run-ins with the incoming president during Trump’s first term over how The Washington Post, which Bezos owns, covered his presidency.
In 2019, the Pentagon passed Amazon over for a $10 billion contract, awarding it to Microsoft instead leading the company to accuse Trump of pursuing a personal agenda with government funding.
This election cycle, The Washington Post broke with past precedent and refused to endorse a candidate. While he said of the move that “presidential endorsements do nothing to tip the scales of an election,” his Blue Origin space company has billions of dollars in contracts with NASA, leading people to question if that wasn’t the real motivation.
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