Finance

The Billionaire Power Players at Trump's Inauguration: Who's Attending and What to Expect

2025-01-15

Author: Jia

Introduction

As the countdown to Donald Trump's inauguration kicks off, a slew of billionaire heavyweights are expected to descend upon Washington, D.C., ready to forge new alliances and strengthen existing ones. High-profile names like Elon Musk, Jeff Bezos, and Mark Zuckerberg are rumored to be among those on the guest list. Here's a closer look at who might attend and the implications of their presence.

Key Figures and Potential Attendees

Among the confirmed and speculative attendees is Apple CEO Tim Cook, who made waves with a $1 million donation. However, his attendance remains uncertain. Other billionaires who have shown support for Trump but haven't confirmed their presence include Robert "Woody" Johnson ($3.3 billion), Elizabeth and Richard Uihlein (each worth $5.9 billion), and Roger Penske ($6.4 billion), alongside Timothy Mellon and his family, boasting a substantial wealth of $14.1 billion.

The Shifting Dynamics of Support

While some billionaires came out in favor of Trump during his campaign, others had previously maintained an adversarial posture. Facebook CEO Mark Zuckerberg famously kept Trump off his platforms, only to change course recently by contributing to the inauguration fund and hosting meetings with the former president. Bezos, who has had a tumultuous relationship with Trump, notably due to the latter's criticisms of Amazon and The Washington Post, also contributed $1 million while refraining from issuing an endorsement during the campaign.

Billionaire Contributions and Corporate Involvement

Musk, one of Trump's staunchest supporters, joins other significant financial backers like the late Sheldon Adelson’s widow, who contributed a whopping $100 million to pro-Trump causes. Additionally, Fertitta, NBA team owner, has been tapped for a potential ambassadorship following his support for Trump. Big names like Pfizer CEO Albert Bourla and Walmart CEO Doug McMillon will also be present, indicating corporate America’s significant interest in the new administration.

A Record-Setting Inauguration Fund

Trump's inaugural fund is expected to surpass a staggering $170 million—nearly three times the amount raised by President Biden's inauguration four years ago. This fund has attracted immense contributions, with multiple corporations and wealthy individuals donating at least $1 million, which grants them exclusive invitations to lavish events leading up to the inauguration, including intimate dinners and extravagant balls.

What’s Next? Mark Your Calendars

The inauguration weekend isn't just about formality; it's set to be a star-studded affair. The official swearing-in ceremony for Trump and Vice President-elect JD Vance is slated for Monday at noon EST, with festivities kicking off the preceding Saturday. Expect a vibrant lineup with performances from Carrie Underwood and the Village People, and appearances by past presidents and first ladies, excluding Michelle Obama.

Conclusion

As the world watches, the power dynamics within the United States shift once again as these billionaires and corporate leaders gather to celebrate a new administration. Their involvement is sure to shape policy and business landscapes in the months and years to come. Stay tuned for updates on this monumental event filled with intrigue, networking, and undeniable spectacle!