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Trump White House ballroom financed by Big Tech and these other corporate donors
CNBC· 2025-10-23 20:34
Core Points - The construction of a new 90,000 square foot ballroom at the White House is projected to cost $300 million, with funding coming from Big Tech and other corporate donors, contrary to earlier promises that the East Wing would remain untouched [2][5]. - Alphabet is contributing $22 million, approximately 7% of the total project cost, as part of a settlement related to a lawsuit involving YouTube [4][5]. - A list of corporate donors includes major companies such as Amazon, Apple, Microsoft, and Meta, among others [3][6]. Funding Details - The ballroom's funding will come from corporate and individual donors, with no taxpayer money involved [2][3]. - The White House has disclosed a list of donors, which includes companies like Lockheed Martin, Palantir, and Coinbase, as well as various foundations and individual contributors [5][6][8]. - Comcast is also listed as a donor, although the exact amount of their contribution is unclear [6][7]. Project Background - The initial cost estimate for the ballroom was $200 million, which has now increased to $300 million [2]. - The project has faced public backlash due to the demolition of the East Wing, which was previously promised to remain intact [2].