Sheldon Adelson Gave Record $5M For Trump’s Inauguration
Sheldon Adelson Image by getty images
By Aiden Pink April 19, 2017
Casino magnate Sheldon Adelson donated $5 million for President Trump’s inauguration committee, new disclosures from the Federal Election Commission revealed Tuesday.
Adelson’s gift was the largest contribution ever given to support an inauguration, but it was far from the only such donation: more than 20 people and corporations signed million-dollar checks, including New England Patriots owner Robert Kraft and billionaire investors Steven A. Cohen and Paul Singer.
Singer was once a notable critic of Trump. Bloomberg News reported that “For many donors, the inaugural committee represented the last or only chance to get on the Trump bandwagon before he took the oath of office.”
Donors received special access to inaugural balls and the swearing-in ceremony.
Altogether, Trump’s committee, which unlike President Obama placed no limits on donation sizes, raised $107 million. That figure is “an awful lot of money — it’s roughly what we spent on two,” Steve Kerrigan, CEO for Obama’s 2013 inaugural committee, told the Associated Press.
The Trump team has pledged to donate its leftover funds to charities.
Contact Aiden Pink at pink@forward.com or on Twitter at @aidenpink.
A message from our CEO & publisher Rachel Fishman Feddersen
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.
We’ve set a goal to raise $260,000 by December 31. That’s an ambitious goal, but one that will give us the resources we need to invest in the high quality news, opinion, analysis and cultural coverage that isn’t available anywhere else.
If you feel inspired to make an impact, now is the time to give something back. Join us as a member at your most generous level.
— Rachel Fishman Feddersen, Publisher and CEO
