Trump White House ballroom financed by Big Tech and these other corporate donors
U.S. President Donald Trump holds photos of the new ballroom and speaks during a meeting with NATO Secretary General Mark Rutte in the Oval Office of the White House in Washington, DC, on October 22, 2025.
Salwan Georges | Washington Post | Getty Images
Big Tech and other publicly traded companies are helping finance President Donald Trump’s planned $300 million White House ballroom.
The demolition of the White House’s East Wing to make way for the 90,000-square-foot ballroom sparked public outrage after Trump promised in July that the building would not be affected.
Trump said construction of the ballroom will be financed by his own funds and corporate and individual donors at no cost to taxpayers. The project will cost $300 million, up from an initial estimate of $200 million, the president said Wednesday.
Trump did not say how much he spent. White House press secretary Karoline Leavitt told reporters on Thursday that the president would announce his contribution.
White House releases list of donors Amazon, Alphabet, Apple, Microsoft And Meta.
Alphabet is contributing $22 million, representing approximately 7% of the project’s estimated cost. His contribution is a result of a settlement reached with Trump last month over a lawsuit Trump filed against YouTube to ban him from the platform following the Jan. 6, 2021, insurrection against Congress by his supporters.
The agreement states that $22 million will be donated on Trump’s behalf to “the Trust for the National Mall, a 501(c)(3) tax-exempt organization dedicated to the restoration, preservation and elevation of the National Mall, to support the construction of the White House State Ballroom.”
Including donors palantir, Micron, coinbase, LockheedMartinContinental Resources founder Harold Hamm and Cameron and Tyler Winklevoss, according to the White House list.
“Lockheed Martin is grateful for the opportunity to make the President’s vision a reality and to make this addition to the People’s House, a powerful symbol of the American ideals we strive to defend every day,” a company spokesperson said in a statement.
Comcast, CNBC’s current parent company, is also on the donor list. CNBC has reached out to Comcast for comment.
Here are the donors announced by the White House:
- Altria Group Inc.
- Amazon
- Apple
- Booz Allen Hamilton Inc.
- Caterpillar Inc.
- coinbase
- Comcast Company
- J. Pepe and Emilia Fanjul
- Hard Rock International
- HP Inc.
- LockheedMartin
- Meta Platforms
- Micron Technology
- Microsoft
- NextEra Enerji A.Ş.
- Palantir Technologies Inc.
- Fluctuation
- Reynolds is American
- T-Mobile
- connect america
- Union Pacific Railroad
- Adelson Family Foundation
- Stefan E. Brodie
- Betty Wold Johnson Foundation
- Charles and Marissa Cascarilla
- Edward and Shari Glazer
- Harold Hamm
- Benjamin Leon Jr.
- Lutnick Family
- Laura and Isaac Perlmutter Foundation
- Stephen A. Schwarzmann
- Konstantin Sokolov
- Kelly Loeffler and Jeff Sprecher
- Paolo Tiramani
- Cameron Winklevoss
- Tyler Winklevoss
Disclosure: CNBC’s current parent company, Comcast, is on the list of corporate donors. It’s unclear how much Comcast is contributing to the project. CNBC will be spun off from Comcast under the ownership of a new parent company, Versant.
