Skip to content
Breaking:

Tech and Telecom Leaders Commit Over $183 Million to White House Ballroom Project

Records obtained by The Washington Post show Apple, Nvidia, and crypto firms backing the $600 million construction effort.

By The Company Wire3 min read
Share
Apple — Tech and Telecom Leaders Commit Over $183 Million to White House Ballroom Project
Apple — Tech and Telecom Leaders Commit Over $183 Million to White House Ballroom Project. Photo: Engadget.

Major technology, telecommunications, and cryptocurrency companies have contributed over $183 million toward President Donald Trump's White House ballroom project, according to donor records obtained by The Washington Post and reported by Engadget (https://www.engadget.com/2287913/trump-ballrooms-biggest-donors-were-overwelmingly-tech-and-telecom-companies/).

The donor records show $25 million individual commitments from Nvidia, Apple, and Dish Network co-founder Charles Ergen, alongside political donor Sheldon Adelson. A broader roster of major technology firms made multi-million-dollar contributions, including Microsoft, Meta, Google, Amazon, Palantir, and Cisco. Crypto platforms Coinbase and Gemini, asset manager BlackRock, and defense contractor Lockheed Martin also appeared on the donor ledger.

An additional $77 million in contributions remains unaccounted for on the donor list. Because the funds are directed to a nonprofit controlled by the president, the donations are exempt from public campaign finance disclosure rules. Although President Trump previously claimed the ballroom would be funded entirely by himself and associates, the disclosed donor records show no financial contributions bearing his name.

The projected budget for the project, which involves converting the demolished East Wing into a ballroom, recently reached $600 million. Analysis reported by The Washington Post indicates public taxpayers could ultimately fund approximately half of the total expenses alongside private gifts.

The records also document contributions connected to political appointments and executive actions. Joseph Popolo Jr. gave $1 million shortly after his appointment as ambassador to the Netherlands, a payment omitted from his disclosure filings. Cabinet official Kelly Loeffler and her spouse pledged $5 million, and Brandon Lutnick, son of Commerce Secretary Howard Lutnick, contributed stock valued at more than $2.5 million. Isabela Herrera gave $2.5 million—starting with an $835,000 installment in October 2025—months before her father, international banker Herrera Velutini, received a presidential pardon in January following a guilty plea on federal bribery charges.

White House spokesperson Davis Ingle condemned the disclosure of the donor records, stating the administration will "relentlessly pursue those responsible for this cowardly leak while continuing to protect all those who give." Ingle also characterized reports on the contributions as attempts to manufacture "fake conflicts of interest."

Sources

  1. Engadget

Company: Apple

Written by

The Company Wire

Newsroom · San Francisco

Inside the companies building what’s next. Reporting on startups, technology, funding and the people shaping them.