U.S. President Donald Trump speaks while holding a photo of the new ballroom during a meeting with NATO Secretary General Mark Rutte in the Oval Office of the White House on October 22, 2025 in Washington, DC.
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 East Wing of the White House is being demolished to make way for a 90,000-square-foot ballroom, sparking public outrage after President Trump promised in July that the building would not be affected.
President Trump said construction of the banquet hall would be paid for at no cost to taxpayers, with his own funds and donations from businesses and individuals. The president announced Wednesday that the project would cost $300 million, up from the original estimate of $200 million.
Trump has not disclosed how much he is spending. White House press secretary Caroline Levitt told reporters Thursday that the president will reveal his contributions.
The White House released a list of donors including: Amazon, alphabet, apple, microsoft and Meta.
Alphabet is contributing $22 million, about 7% of the project’s estimated cost. The donation is the result of a settlement reached with Trump last month over a lawsuit he filed against YouTube for banning him from the platform following the Jan. 6, 2021, riot against the U.S. Capitol by his supporters.
The settlement states that $22 million will be donated on Trump’s behalf to the “National Mall Trust, 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.”
Donors also include: Palantir, micron, coinbase, lockheed martinAccording to the White House list, Harold Hamm, founder of Continental Resources, Cameron Winklevoss and his wife Tyler Winklevoss.
“Lockheed Martin is grateful for the opportunity to help realize the President’s vision and build this addition to the House of Peoples, a powerful symbol of the American ideals we live up to every day,” a company spokesperson said in a statement.
Comcast, CNBC’s current parent company, is also on the list of donors. CNBC has reached out to Comcast for comment.
The donors revealed by the White House are as follows:
Altria Group Inc.AmazonAppleBooz Allen Hamilton Inc.Caterpillar Inc.CoinbaseComcast CorporationJ.Pepe and Emilia FanjulHard Rock InternationalGoogle HP Inc.Lockheed Martin MetaplatformMicron TechnologyMicrosoft NextEra Energy Inc.Palantir Technologies RippleReynolds AmericanT-MobileTether American Union Pacific RailroadAdelson Family FoundationStephan E. BrodieBetty Waldo Johnson FoundationCharles and Marissa CascarillaEdward & Shari glazer harold ham Benjamin Leon Jr. Lutnick Family Laura and Isaac Perlmutter Foundation Stephen A. Schwarzman Constantine Sokoloff Kelly Loeffler and Jeff Sprescher Paolo Tiramani Cameron Winklevoss Tyler Winklevoss
Disclosure: CNBC’s current parent company, Comcast, is on our list of corporate donors. It’s unclear how much Comcast contributed to the project. CNBC will be spun off from Comcast under the ownership of new parent company Versant.
