A major transformation is underway at the White House, where the East Wing is being demolished to make room for a massive 90,000 sq ft presidential ballroom. The cost of the project\u2014estimated at $300 million (around \u20b92,500 crore)\u2014will not be borne by taxpayers but by a consortium of Donald Trump\u2019s allies and corporate donors from across the tech, defence, energy, and crypto sectors.<\/p>\n
According to official confirmation from the White House, a long list of corporate heavyweights is contributing to fund this grand construction, making it one of the largest privately financed projects in White House history.<\/p>\n
Leading the roster of donors are Silicon Valley\u2019s biggest names:<\/p>\n
Apple<\/p>\n<\/li>\n
Amazon<\/p>\n<\/li>\n
Microsoft<\/p>\n<\/li>\n
Google<\/p>\n<\/li>\n
Meta Platforms<\/p>\n<\/li>\n<\/ul>\n
These tech giants have joined hands with several other major corporations to bankroll the ambitious ballroom project.<\/p>\n
In addition, prominent defence contractors, including Lockheed Martin, Palantir Technologies, and Booz Allen Hamilton, are part of the funding group. The telecom and infrastructure sectors are also represented by T-Mobile, Comcast, Union Pacific Railroad, and Caterpillar Inc.<\/p>\n
Crypto and financial companies such as Coinbase, Ripple, and Tether America have also joined the effort, reflecting the growing financial influence of the digital asset sector in Washington.<\/p>\n
Also Read:<\/strong> Piyush Pandey Passes Away: The Man Who Gave Indian Advertising Its Soul<\/a><\/em><\/p>\n Several high-profile billionaires and political donors, many of whom supported Trump\u2019s 2024 presidential campaign, have contributed to the construction fund.<\/p>\n The list includes:<\/p>\n Miriam Adelson, casino magnate and head of the Adelson Family Foundation<\/p>\n<\/li>\n Stephen A. Schwarzman, CEO of Blackstone<\/p>\n<\/li>\n Harold Hamm, oil industry tycoon<\/p>\n<\/li>\n Cameron and Tyler Winklevoss, crypto entrepreneurs and co-founders of Gemini<\/p>\n<\/li>\n Howard Lutnick, Commerce Secretary and former Cantor Fitzgerald CEO<\/p>\n<\/li>\n<\/ul>\n Other notable contributors include Edward and Shari Glazer, Kelly Loeffler and Jeff Sprecher, Laura and Isaac Perlmutter Foundation, Benjamin Leon Jr, and Paolo Tiramani.<\/p>\n The Betty Wold Johnson Foundation, Charles and Marissa Cascarilla, and Stefan E. Brodie are also listed among donors.<\/p>\n President Donald Trump emphasized that the project is entirely privately funded, stating, \u201cIt\u2019s being paid for 100% by me and some friends of mine.\u201d<\/em> He added, \u201cNothing of this magnitude has ever been done at the White House.\u201d<\/em><\/p>\n Demolition work on the East Wing began earlier this week. The upcoming ballroom, reportedly inspired by Trump\u2019s luxury properties, is expected to become the largest entertainment space in presidential history.<\/p>\n Even as the federal government remains partially shut down, Trump hosted a private gala for sponsors in the East Room last week. The event featured lavish d\u00e9cor, crystal chandeliers, and a live string quartet, creating a scene of opulence that contrasted sharply with the ongoing shutdown and reports of unpaid public workers.<\/p>\n Social media reactions were swift and satirical. Memes of Trump on a golden wrecking ball went viral after images surfaced showing demolition work at the historic East Wing.<\/p>\n Corporate Donors:<\/strong> Individual & Foundation Donors:<\/strong> Click here to explore:<\/strong><\/em> A major transformation is underway at the White House, where the East Wing is being demolished to make room for a massive 90,000 sq ft presidential ballroom. The cost of the project\u2014estimated at $300 million (around \u20b92,500 crore)\u2014will not be borne by taxpayers but by a consortium of Donald Trump\u2019s allies and corporate donors from […]<\/p>\n","protected":false},"author":6,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1365],"tags":[],"ppma_author":[1383],"class_list":{"0":"post-16003","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-news"}," _eael_post_view_count":0,"authors":[{"term_id":1383,"user_id":6,"is_guest":0,"slug":"pradeep","display_name":"Pradeep Sangatramani","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/09\/Pradeep-Sangatramni.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/09\/Pradeep-Sangatramni.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/16003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=16003"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/16003\/revisions"}],"predecessor-version":[{"id":16005,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/16003\/revisions\/16005"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/16004"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=16003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=16003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=16003"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=16003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Billionaire Donors Back the Project<\/h2>\n
\n
White House Confirms Non-Taxpayer Funding<\/h2>\n
Lavish Celebration Amid Partial Shutdown<\/h2>\n
Full List of Corporate and Individual Donors<\/h3>\n
Apple, Amazon, Booz Allen Hamilton, Caterpillar Inc, Coinbase, Comcast Corporation, Hard Rock International, HP Inc, Lockheed Martin, Meta Platforms, Micron Technology, Microsoft, NextEra Energy Inc, Palantir Technologies, Ripple, Reynolds American, T-Mobile, Tether America, Union Pacific Railroad, Altria Group Inc, and J Pepe & Emilia Fanjul.<\/p>\n
Adelson Family Foundation, Stefan E. Brodie, Betty Wold Johnson Foundation, Charles & Marissa Cascarilla, Edward & Shari Glazer, Harold Hamm, Benjamin Leon Jr, The Lutnick Family, Laura & Isaac Perlmutter Foundation, Stephen A. Schwarzman, Konstantin Sokolov, Kelly Loeffler & Jeff Sprecher, Paolo Tiramani, and Cameron & Tyler Winklevoss.<\/p>\n
\nFII DII Data<\/a>
\nIPO<\/a>
\nBSE Sensex<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"