Huge cost for Trump's inauguration today

Mr. Trump (right) dances with a member of the Village People band in Washington DC on January 19.

According to NBC News, presidential inaugurations in the United States are major events, and most of the costs come from personal donations, while the budget covers security expenses.

While it's difficult to estimate the exact cost of an inauguration ceremony, publicly available information about individual donations is sufficient to demonstrate the scale of the event.

President-elect Donald Trump's inauguration for his second term today, January 20th, is the most expensive in American history. His team has received over $200 million in donations for the event.

Among the notable contributors to Trump's inauguration, at the $1 million level, were Boeing, Google, Hyundai, Microsoft, Amazon, Uber, Ford, Toyota Motor North America, General Motors, Meta, Delta Airlines, and many other individuals and organizations.

For comparison, incumbent President Joe Biden raised $62 million from billionaires and corporations such as Lockheed Martin and Boeing for his 2021 inauguration. The event took place with limited crowd sizes due to the Covid-19 pandemic and the protest that stormed the Capitol two weeks prior.

At his first inauguration in 2017, Trump also set a record for expenses at the time with an estimated $106 million, with the largest donation being $5 million from casino mogul Sheldon Adelson.

In 2013, Barack Obama's second inauguration received approximately $43 million, while his first inauguration in 2009 received approximately $53 million.

Previously, former President George W. Bush received contributions of $40 million for his first inauguration in 2001 and $42.3 million for his second inauguration in 2005.

For his part, former President Bill Clinton received approximately $33 million for his second inauguration in 1997. His first inauguration in 1993 received over $2.5 million in contributions, in addition to $17 million in interest-free loans, which were repaid with proceeds from merchandise sales and television revenue.

Source: https://thanhnien.vn/chi-phi-khung-cho-le-nham-chuc-hom-nay-cua-ong-trump-185250120090105019.htm