2:39President Donald Trump exhibits a depiction of his planned ballroom during a session with Secretary General of the North Atlantic Treaty Organization Mark Rutte in the White House’s Oval Office in Washington, October 22, 2025.Kevin Lamarque/Reuters
Although the Trump administration has yet to make public a comprehensive list of benefactors backing the envisioned erection of a White House ballroom, a clearer image of prospective patrons and entities funding the venture is beginning to materialize.
President Donald Trump reaffirmed this past Wednesday afternoon in the Oval Office that the ballroom is being "fully financed by myself and certain acquaintances," alluding to givers. "The government is contributing absolutely zero."
Trump also seemed to elevate the projected expenditure by $50-$100 million, stating to journalists throughout his comments on Wednesday that the price estimate for the fresh locale was "roughly $300 million" — a sum exceeding the $200-$250 million figures previously cited.
President Donald Trump holds a rendering of his proposed ballroom as he meets with Secretary General of the North Atlantic Treaty Organization Mark Rutte in the Oval Office of the White House in Washington, October 22, 2025.Kevin Lamarque/Reuters
Earlier this month, the Trump administration unveiled a directory of individuals and establishments anticipated to partake in a dinner at the White House concerning the construction undertaking.
Despite the absence of a complete registry of donors, the names of numerous enterprises slated to be at the dinner disseminated by the White House predominantly originate from the tech and crypto spheres, notably Amazon, Apple, Google, Meta, and Microsoft, along with Coinbase, Ripple, and Tether. Cameron and Tyler Winklevoss, a pair of tech and cryptocurrency investors, were also featured on the roster.
Certain firms have already accrued lucrative agreements during Trump's second term, including Microsoft and Google, who secured contracts for their AI and cloud solutions, whereas Amazon Web Services potentially obtained as much as $1 billion in cloud-credit incentives.
The broader crypto sector has witnessed considerable advantages under Trump via policies and executive mandates, with Trump's own family accumulating billions via crypto endeavors throughout his second presidential tenure.
Work continues on the demolition of a part of the East Wing of the White House, Oct. 21, 2025, in Washington, before construction of a new ballroom.Jacquelyn Martin/AP
Additional companies, such as Palantir and Lockheed Martin, possess billions in agreements with the Trump administration, including the Defense Department.
"We're additionally collaborating with the armed forces on it since they desire assurance of absolute perfection," Trump expressed Wednesday night regarding the ballroom construction project. "And the military is significantly involved in this. Their intention is to ensure impeccable beauty in every aspect."
While the White House has lacked transparency concerning the precise methods through which the project will be funded via donations, the finances seemingly are being allocated to the venture through diverse channels.
For instance, as per court records, Google's parent firm, Alphabet, indicated within a recent legal resolution attained with Trump following his suspension from YouTube post-Jan. 6, 2021, that it would allocate $22 million towards facilitating the construction of the White House ballroom.
A model of the White House and the new ballroom is seen on a table as President Donald Trump meets with NATO Secretary General Mark Rutte in the Oval Office of the White House, Oct. 22, 2025, in Washington.Alex Brandon/AP
The resolution stipulated that the $22 million will be contributed in Trump's name "to the Trust for the National Mall, a 501(c)(3) tax-exempt organization committed to revitalizing, conserving, and enhancing the National Mall, in support of the erection of the White House State Ballroom."
Paolo Tiramani, CEO of a building firm and a benefactor featured on the White House list, donated $10 million in stock to the Trust for the National Mall, his corporation affirmed in a declaration.
Donations designated for the ballroom are channeled to the Trust for the National Mall, a charitable entity that bolsters the National Park Service and is devoted to the revitalization of the National Mall along with the White House and Presidents Park.
The financial director of Trump's 2024 campaign, Meredith O'Rourke, is spearheading the benefactor endeavor for the ballroom, sources communicated to ABC News.
The Trust's function in the undertaking encompasses managing donations, while the National Park Service and the White House are directing the blueprint and construction phases.
The refurbishment project is more all-encompassing than Trump had formerly implied.
A preservation collective has implored the White House to postpone the ballroom venture, yet the White House anticipates the complete demolition of the East Wing imminently this weekend as an element of the remodeling.
Sourse: abcnews.go.com
