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Billionaires close in on Trump with seven-figure inaugural donations after past feuds with new president

Billionaires close in on Trump with seven-figure inaugural donations after past feuds with new president

Companies that previously feuded with President-elect Trump are now making seven-figure donations for his 2025 inauguration.

Trump has clashed with several Fortune 500 company executives over the years, but after his victory in the November presidential election, some of those same big business executives spent large sums on the new president’s exclusive inaugural festivities. president.

“In the first term, everyone was fighting against me. This time, everyone wants to be my friend,” Trump recently said at Mar-a-Lago, according to the Washington Post.

Meta, the world’s largest social network led by Mark Zuckerberg, suspended Trump’s Facebook and Instagram accounts in 2021 after the events of January 6 – which Trump called an “insult” to his voters. In his new book, titled “Save America,” Trump accuses Zuckerberg of “plotting” against him in 2020.

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Mark Zuckerberg, CEO of Meta Platforms Inc., arrives after a break during a Senate Judiciary Committee hearing in Washington, DC, January 31. (Kent Nishimura)

“He told me there was no one like Trump on Facebook. But at the same time, and for some reason, he directed it at me,” Trump wrote. “We are monitoring him closely, and if he does anything illegal this time, he will spend the rest of his life in prison, just like everyone else who cheated in the 2024 presidential election.”

Trump, in his book, also accused Zuckerberg of “always plotting to install shameful safes in a veritable PLOT AGAINST THE PRESIDENT.”

However, the relationship appears to be changing course as the elections draw closer. After the attempted assassination of Trump’s Butler, Pennsylvania, in July, Zuckerberg said that Trump’s punch in the air after suffering a gunshot wound to the ear was “one of the most bad things I’ve ever seen in my life.”

Shortly after Trump won the election in November, Zuckerberg met with the new president at Mar-a-Lago. A few weeks later, Meta donated $1 million to Trump’s inauguration fund.

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“Mark Zuckerberg has been very clear about his desire to be a supporter and a participant in this change that we are seeing across America and around the world with this reform movement led by Donald Trump,” the Trump adviser said, Stephen Miller. during an appearance on “The Ingraham Angle.”

Amazon, founded by Jeff Bezos, is donating $1 million to Trump’s 2025 inauguration. (AP Images)

Despite a years-long conflict between Amazon’s billionaire founder Jeff Bezos – who also owns the Washington Post – and the new president, the e-commerce company recently pledged to donate $1 million to the fund. Trump’s inauguration.

After Trump told Fox News’ Sean Hannity in 2016 that Amazon was “getting away with murder, tax-wise,” Bezos fired back at the then-presidential candidate.

Bezos, appearing at a technology conference, said Trump’s comments were “not an appropriate way for a presidential candidate to behave.”

“The Washington Post workers want to strike because Bezos doesn’t pay them enough. I think a very long strike would be a great idea,” Trump wrote in another jab at the billionaire on X, then on Twitter, in June 2018. “Employees would get more money and we would get rid of fake news for an extended period of time! Is @WaPo a registered lobbyist?”

The mood appears to have changed after the 2024 election, when Bezos declared himself “very optimistic” about Trump’s regulatory agenda.

President-elect Trump smiles Sunday during Turning Point USA’s AmericaFest at the Phoenix Convention Center in Phoenix. (Rebecca Noble)

“I’m very hopeful: He seems to have a lot of energy to reduce regulation,” Bezos said at the New York Times DealBook Summit. “My view is if I can help him do that, I’m going to help him.”

When Ford agreed to a deal to meet California’s energy efficiency standards, the company defied then-President Trump’s plans to block the state from setting its own energy efficiency standards. green energy for car manufacturers.

Trump voiced his opposition to the auto giant’s decision, saying Henry Ford, the company’s founder, would be “very disappointed if he saw his descendants today wanting to build a much more expensive car , much less secure and which does not work. also because the leaders do not want to fight against Californian regulators. »

The blue oval Ford Motor Company logo is seen on the crosshatch grille of a 2008 F-150 pickup truck at a Ford dealership in Centennial, Colorado, November 2, 2008. (David Zalubowski)

Ford, one of the world’s largest automakers, recently announced it would make a seven-figure donation to Trump’s inauguration in January.

Other major automakers, like GM and Toyota, will also make individual $1 million donations to Trump.

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Trump will also receive a $1 million inauguration donation from Intuit, whose shares recently fell in November after it was reported that the Department of Government Effectiveness (DOGE) was considering creating a free app tax return.