The White House confirmed that several of the nation’s largest tech, defense, and crypto firms are helping finance President Trump’s new $300 million ballroom, currently under construction as demolition crews tear down the East Wing.
According to CNN, contributors include Apple, Amazon, Meta, Microsoft, Google, T-Mobile, Comcast, Lockheed Martin, Palantir, and Booz Allen Hamilton. High-profile Trump donors such as Miriam Adelson, Blackstone CEO Stephen Schwarzman, oil magnate Harold Hamm, and crypto billionaires Cameron and Tyler Winklevoss are also among the financiers.
During a White House dinner for donors, Trump said the project was “being paid for 100% by me and some friends of mine.” Initially projected to cost $200 million, the ballroom’s price tag has since risen to $300 million.
House Democrats condemned the demolition and secrecy surrounding the project, calling it one of the most significant White House alterations in modern history. The National Trust for Historic Preservation said the administration is legally required to undergo a public review process, but federal oversight agencies remain closed due to the ongoing government shutdown.
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