Billionaires, companies power Trump's record inaugural haul

Trump raised $107 million for his inaugural festivities, almost doubling the record set by President Barack Obama eight years ago.

In a statement announcing its windfall, the inaugural committee said the multi-day event "was one of the most accessible and affordable inaugurations for the public in recent history".

Donald Trump may have micromanaged his own inauguration, but apparently that doesn't mean he will account for how all of the money raised for his inauguration was spent - even though it was more than twice as much as that spent on the first inauguration of his predecessor, Barack Obama. The committee has not disclosed how much of the money it has spent. The Armed Services Ball was free. She and her husband Joe backed Trump after initially contributing nearly $6 million to a super PAC trying to derail his nomination. The money paid for 20 events during the extravaganza, but produced excess cash that will be donated in the future to a charity, organizers said. By contrast, only $53 million was raised for the 2009 inauguration of President Obama. "You don't give this kind of money to get a few tickets to inaugural balls", he said.

Unlike Trump, the 2009 committee did not accept corporate contributions and limited individual donations to a maximum of $50,000. FILE- In this January 20, 2017, file photo, President Donald Trump delivers his inaugural address after being sworn in as the 45th president of the United States during the 58th Presidential Inauguration at the U.S. Capitol in Washington.

Trump's $107 million fundraising total is "an very bad lot of money - it's roughly what we spent on two", said Steve Kerrigan, who was CEO for Obama's inaugural committee in 2013 and chief of staff in 2009.

The inauguration offered donors who had held back during the presidential campaign a chance to show belated support for the incoming president.

Boeing, which gave $1 million, was a strong supporter of the Export-Import Bank, which Trump attacked on the campaign trail but recently praised and nominated former Rep. Scott Garrett (R-5th Dist.) as its president. Their release promised more details about charitable giving at a later date, "when the organization's books are fully closed". He lifted those caps in 2013, when he raised about $43 million for a lower-key event. They included Washington Redskins owner Dan Snyder, New York Jets owner Woody Johnson, Jacksonville Jaguars owner Shahid Khan and New England Patriots owner Robert Kraft, a longtime Trump friend who was visiting the White House on Wednesday with his Super Bowl-winning team. Trump has promised to roll back the regulations created to address the financial industry practices that helped lead to the Great Recession under President George W. Bush.

In the past, questions have been raised about Trump's follow-through on his commitments to make charitable donations.

The Las Vegas Review-Journal, owned by Adelson, became the first major newspaper to endorse Trump for president in 2016. Howard Lutnick, chairman and CEO of Cantor Fitzgerald, gave $1 million.