Donald Trump Net Worth 2024
One week remains until Inauguration Day 2025, when President-elect Donald Trump will officially be sworn in as the 47th President of the United States.
The ceremony is scheduled for Monday, January 20, coinciding with Martin Luther King Jr. Day, a federal holiday. Additionally, flags will be flown at half-staff nationwide on the same day in honor of former President Jimmy Carter, who passed away on December 29, 2024, at the age of 100.
Trump’s upcoming inauguration has already broken fundraising records, with over $170 million raised so far. Contributions from tech executives and major donors have significantly boosted this figure. A source familiar with the fundraising effort, who spoke on condition of anonymity, revealed that Trump’s inaugural committee expects to surpass $200 million in total contributions.
This amount more than doubles the nearly $62 million raised for President Joe Biden’s 2021 inauguration, according to Federal Election Commission records. It also exceeds the previous record set during Trump’s 2016 inauguration, which brought in approximately $107 million.
The unprecedented fundraising highlights the enthusiasm and financial support for Trump’s return to the presidency.
This year’s Inauguration Day will also be marked by a somber tribute to former President Jimmy Carter, who passed away on December 29, 2024, at the age of 100. Flags across the country will be flown at half-staff on January 20 to honor his legacy.
Trump’s upcoming inauguration has already set a new fundraising record, with more than $170 million raised to date. Sources close to the effort indicate the total is expected to surpass $200 million by the end of the campaign.
This amount is more than double the nearly $62 million raised for President Joe Biden’s inauguration in 2021, as reported by Federal Election Commission records. It also far exceeds the record set during Trump’s first inauguration in 2016, which collected nearly $107 million.
The substantial contributions are attributed to significant support from tech executives and major donors who have eagerly contributed large sums to help fund the event.
Trump’s historic fundraising underscores the scale and anticipation surrounding his return to the presidency.
Inauguration Day is the day the new U.S. president is officially sworn into office.
Under provisions of the 20th Amendment to the United States Constitution, the new president officially takes office on Jan. 20, unless that date falls on a Sunday. In that situation, the inauguration would take place on Jan. 21.
Prior to the passage of the 20th Amendment, the new president had taken office on March 4.
For 2025, the inauguration is scheduled for its traditional date of Jan. 20. That date also falls on the federal holiday of Martin Luther King Jr. Day.
Under provisions of the 20th Amendment, the terms of President Joe Biden and Vice President Kamala Harris will officially end at noon Eastern Standard Time on Jan. 20, meaning that Trump and Vice President-elect J.D. Vance will officially take office at that time, whether or not they’ve had their oaths of office administered.
While the vice president takes the same oath of office as members of Congress, the president takes a slightly different oath:
“I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my ability, preserve, protect and defend the Constitution of the United States.”
In addition to the president taking office, the vice president also takes the oath of office and becomes the vice president at noon on Jan. 20.
The new president traditionally offers an inaugural address on Capitol Hill following their swearing in, with the public invited to attend the transfer of power ceremony. A military parade typically follows, as does a traditional inauguration luncheon.
After the ceremony, the new president typically attends a series of inaugural events throughout the capital, including glitzy balls and dances. Monies raised for the inauguration are typically used to help pay for the events, including costs related to the oath of office ceremony itself.
Money leftover from the inaugural committee is expected to be used toward a future Trump presidential library, according to the person, the Associated Press reported.
According to officials, the Joint Congressional Committee on Inaugural Ceremonies makes a “limited number of inauguration tickets available to the public through members of Congress.”
Tickets are free and allow the public to watch in-person on the grounds of the U.S. Capitol as the president and vice president are sworn in.
According to government officials, tickets will be available from members of Congress in the weeks leading up to the inauguration.
“Please check with the Senator or Representative of your home state for tickets,” the JCCIC said. “You can find your Congressional Members here.
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