President Trump welcomed top business leaders to the White House on October 15, 2025, for a special dinner aimed at raising money for a new ballroom addition. The event in the East Room drew representatives from major tech firms and other industries, highlighting Trump’s push to fund the $200 million project through private donations without using taxpayer dollars.
Key Guests and Donors at the Event
The dinner featured a star studded lineup of over 120 attendees from various sectors. Tech giants like Amazon, Apple, Meta, Google, Microsoft, and Palantir sent high level representatives, showing strong support from Silicon Valley.
Other notable participants included defense contractor Lockheed Martin, telecom companies such as Comcast and T Mobile, and cryptocurrency players like Coinbase, Ripple, and the Winklevoss twins from Gemini. Oil tycoon Harold Hamm and sugar industry leader Pepe Fanjul also joined, along with Tampa Bay Buccaneers owners Edward and Shari Glazer.
Trump praised the group during his remarks, noting their generous pledges. He shared stories of donors offering sums like $25 million, and confirmed the project’s costs are now fully covered by these contributions.
The event underscores Trump’s growing ties with business elites, especially in tech and crypto, which have warmed since his return to office.
Details of the Ballroom Project
The proposed ballroom will add 90,000 square feet to the White House East Wing, designed to host large events like state dinners for up to 999 guests. Features include bulletproof glass windows on all sides for security, making it a modern upgrade to the historic residence.
Construction began last month, with completion expected by late 2026. The White House emphasizes this expansion addresses long standing needs for bigger gathering spaces, avoiding the use of public funds.
Trump first announced the plans over the summer, positioning it as a legacy project. Models of the ballroom were displayed at the dinner, giving donors a preview of the grand design.
Private funding has reached over $200 million so far, with some companies pledging $5 million or more. This approach sets a new precedent for White House improvements, relying on corporate and individual generosity.
Major Contributions from Tech and Beyond
Tech companies have stepped up as key backers, reflecting their interest in favorable policies under Trump. For instance, Google settled a lawsuit with a $22 million donation tied to past disputes over platform access.
Other pledges include:
- Lockheed Martin: Reportedly committed millions for defense related goodwill.
- Booz Allen Hamilton: Contributed to tech and consulting support.
- NextEra Energy: Focused on energy sector involvement.
- Palantir: Aligned with data and AI initiatives.
These donations highlight how businesses see value in aligning with the administration. Crypto firms, in particular, benefit from Trump’s pro innovation stance, including appointing a crypto czar.
The total raised surpasses initial goals, with some estimates now at $250 million when including all commitments.
Broader Impact on Business and Politics
This fundraiser ties into Trump’s broader economic agenda, which emphasizes deregulation and innovation. By courting tech leaders, he aims to boost U.S. competitiveness in AI, crypto, and defense.
Recent events show a shift: Many of these companies gave modestly or not at all to past inaugurations but have increased support now. For example, firms like Meta and Apple each donated $1 million to Trump’s 2025 inauguration, a jump from previous years.
This alliance could influence policies on antitrust, trade, and technology exports. Critics worry about potential conflicts of interest, but supporters argue it fosters growth.
The ballroom project also symbolizes Trump’s vision for a more opulent White House, capable of hosting global leaders in style.
Fundraising Success and Future Plans
Trump’s team reports the ballroom is fully funded, thanks to this dinner and prior efforts. The president personally thanked attendees, calling their support tremendous.
Looking ahead, the White House plans more events in the renovated spaces, including the Rose Garden, which hosted tech CEOs earlier in September 2025.
| Company | Sector | Reported Pledge |
|---|---|---|
| Tech | $22 million (including lawsuit settlement) | |
| Lockheed Martin | Defense | Millions (exact undisclosed) |
| Meta | Tech | $5 million+ |
| Palantir | Tech | Significant contribution |
| Coinbase | Crypto | Part of industry support |
This table shows a snapshot of key donors, based on public announcements.
The project has drawn mixed reactions, with some praising the private funding model and others questioning the need for such extravagance.
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