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Forbes Talks

23 Oct 2026 · 3m · 1 chapter

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These Billionaire Backers Are Reportedly Behind Trump’s Ballroom Project

In short

A report claims President Donald Trump’s ballroom project was funded by large private donations, including major tech and billionaire backers, while some costs later shifted to taxpayer funds.

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No guests are mentioned in the transcript.

Key claims

Trump collected $333 million in private donations (as of late September), with $166.1 million from tech; $77 million came from anonymous donors; Trump isn’t listed as a donor, but a lawyer-run fund from a YouTube settlement contributed $22 million (of $24.5 million collected).

Notable examples

Lockheed Martin, Microsoft, Palantir ($10M each); Apple and NVIDIA ($25M each); Miriam Adelson and Charlie Ergen; donations from Amazon, Cisco, Meta, and HRI2 LLC (Rocket mortgage lender affiliate).

Written by AI. May contain mistakes.

Chapters

0:30

Trump's Ballroom Project Funding

Discover the significant private donations behind Trump's ballroom project, including contributions from tech giants and billionaires.

“According to a new report, President Donald Trump collected$333 million in private donations for his ballroom project.”
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Transcript

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0:38The report shows that some of the largest donations came from tech companies and two billionaires. A total of$166.1 million reportedly came from just the tech industry. Companies like Lockheed Martin, Microsoft, and Palantir each gave$10 million. Others that reportedly donated include HRI2 LLC, an affiliate of Rocket Company's mortgage lender, Amazon, Cisco, and Meta. The list includes a total of 67 donations above$10 ,000 and 57 above$100 ,000 recorded as of late September. According to the Washington Post, at least$77 million came from donors who requested anonymity. Apple and NVIDIA each gave$25 million, while Trump's friend Miriam Adelson, a billionaire casino magnate, and billionaire Echo Star co-founder Charlie Ergen also contributed.

1:34Trump himself is not on the list of donors, but a fund set up by his lawyer to collect$24.5 million from a settlement case against YouTube contributed$22 million to the project. Trump initially estimated the project would cost$200 million and be paid for solely by private donations. But since then, that amount has gone up to$600 million with taxpayer funds covering some of the costs. For more on this story, check out the article at the link in the description.

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From the publisher

President Donald Trump collected $333 million in private donations to pay for his ballroom project, with the largest donations coming from tech companies and two billionaires, according to a new report.

Read the full story on Forbes: https://www.forbes.com/sites/saradorn/2026/10/15/these-billionaire-backers-are-reportedly-behind-trumps-ballroom-project/
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