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The inauguration of US presidents, traditionally held on January 20, is a major media event that is increasingly supported by private companies. The list of donors to Donald Trump's inauguration is growing: Delta Air Lines, the carmaker Stellantis and the US arm of South Korean carmaker Hyundai recently donated $1 million each. This amount has now become commonplace. Most of the companies that support the inauguration, such as Boeing, General Motors, Ford, Microsoft, Amazon, Alphabet and Meta, have also donated $1 million. Individuals such as Apple CEO Tim Cook and OpenAI CEO Sam Altman have also donated money.
Fear of new regulations
In addition to big tech companies, which must always fear strict regulations that could limit their market power, the auto industry is particularly represented on the list of donors. Hyundai said it welcomes “the opportunity to work with the new administration on policies that support American manufacturing, protect supply chains and encourage innovation.” Experts point out that potential changes in trade policy, as well as regulations on electric vehicles and vehicle emissions that the new Trump administration may undertake, could have a significant impact on the industry.
New donation record
Overall, record donations are expected for the so-called "Inauguration" ceremony for President Trump, which will take place in Washington. We are talking about more than $ 170 million. Trump also holds the previous record: for his first inauguration in 2017, the businessman collected $ 106.7 million.
Outgoing President Joe Biden raised $61.8 million for his 2021 inauguration. Among the companies that donated money to Biden were Pfizer, AT&T and Boeing. Former President Barack Obama received about $50 million in donations in 2009 and 2013./ DW
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