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“These people are not getting coerced. They are making business decisions,” said one former official who left the Trump White House to become a lobbyist.
A detailed investigation published Monday shows that many wealthy and powerful contributors to US President Donald Trump's staggering post-election fundraising haul—now at roughly $2 billion—have seen a return on their money in the form of pardons, corporate-friendly regulatory changes, government contracts, and dropped enforcement cases.
Drawing on campaign finance filings and previously unreported documents, the New York Times found that more than half of the 346 big donors it identified "have benefited, or are involved in an industry that has benefited, from the actions or statements of Mr. Trump, the White House, or federal agencies," including Palantir CEO Alex Karp, ExxonMobil, Amazon, Uber chief executive Dara Khosrowshahi, Dow Chemical, and Goldman Sachs.
“So many of you have been really, really generous,” Trump told ballroom donors at a recent dinner.
The Times investigation focused on corporations and individuals who have donated at least $250,000 through various channels, including Trump's inaugural committee, which raised nearly four times as much as former President Joe Biden's; his White House ballroom project; and pro-Trump political action committees and nonprofits.
"The astounding haul hints at a level of transactionalism for which it is difficult to find obvious comparisons in modern American history," the newspaper reported. "The identities of the donors behind much of the cash are not legally required to be, and have not been, publicly disclosed. In some cases, Mr. Trump’s team has offered donors anonymity."
Corruption, pure and simple. Trump is selling the presidency and our country. www.nytimes.com/interactive/... Hundreds of Big Post-Election Donors Have Benefited From Trump’s Return to Office
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— Zak Williams (@zakwilliamswzw.bsky.social) Dec 22, 2025 at 9:47 AM
Since winning a second White House term, Trump's political apparatus has reportedly raised more money than it did for the 2024 election campaign—an indication that corporations, their executives, and their armies of lobbyists saw in Trump's return to the Oval Office an enticing investment opportunity.
Harrison Fields, a former Trump administration official who left the White House earlier this year to become a lobbyist, told the Times that post-election donors to the president "are not getting coerced."
"They are making business decisions," Fields added.
The Times investigation outlines numerous ways in which Trump donors have benefited directly or indirectly from the administration's actions this year, while working-class Americans suffer the impacts of rising unemployment, tariff chaos, and a worsening cost-of-living crisis.
"While the donations far exceed most Americans’ means, the sums pale in comparison to the contracts being sought from the Trump administration," the outlet noted. "Take Mr. Trump’s 'Golden Dome' missile defense project, which could yield lucrative work for a number of contractors. Palantir has already held discussions about being involved. Firms including Lockheed Martin and Boeing also are expected to compete for pieces of the work; each company donated $1 million to Mr. Trump’s inaugural committee."
The technology firm Palantir has, according to the Times, "secured federal contracts worth hundreds of millions of dollars, including to develop software to help Immigration and Customs Enforcement deport people." The company donated $10 million to the White House ballroom project.
Trump's post-election donors have also received ambassadorships, pardons for white-collar crimes, and industry-friendly policies.
"The crypto industry writ large has benefited from Mr. Trump’s cheerleading, as well as his championing and signing into law a bill creating the first federal rules for stablecoins," the Times reported. "Mr. Trump has also favored the fossil fuel industry, directing tens of billions of dollars in incentives to companies, allowing drilling in the Alaska wilderness, and repealing environmental regulations. About two dozen companies with interests in oil, gas, and coal donated at least $41 million."
While the Times emphasized that it is "not possible to prove that any of the donations directly led to favorable treatment from the Trump administration," the newspaper added that "many of the deep-pocketed individuals and corporations who have given large sums have a lot riding on the administration’s actions, raising questions about conflicts of interest."
"Never in modern US history has the office intersected so broadly and deeply with the financial interests of the commerce secretary’s own family," according to the New York Times.
A group of Democratic lawmakers has called for the Commerce Department to investigate whether its billionaire secretary, Howard Lutnick, is improperly boosting artificial intelligence data centers that "stand to enrich his entire family."
The group of 25 House and Senate Democrats, led by Sen. Elizabeth Warren (D-Mass.) and Rep. Madeleine Dean (D-Pa.), sent a letter on Thursday urging the department's acting inspector general, Duane Townsend, to review whether Lutnick violated any part of the ethics agreement he signed following his nomination.
That agreement required him to divest his stake in the financial services firm Cantor Fitzgerald, which he had owned and led for decades. Cantor owns the Newmark Group, a real estate broker that facilitates leases for AI data centers.
Lutnick stepped down from his position as CEO in February, handing his financial stake in the company to his adult sons, Brandon and Kyle.
Though the transfer of his stake was supposed to happen in May, records show he did not do so until October, after receiving an ethics waiver from the Trump administration that allowed him to continue working on matters that could affect the company.
The lawmakers described some of these potential conflicts in the letter, many of which were revealed by a New York Times investigation last month:
Multiple press reports indicate that, in his capacity as head of the Commerce Department, Secretary Lutnick has helped boost AI data centers in ways that will likely enrich his own family. He has made public appearances promoting data center projects—including at least one that his family's company has worked on.
Furthermore, Secretary Lutnick has reportedly pressured foreign governments to invest in the US data center industry. For example, as part of a recent AI chips export deal with the United Arab Emirates (UAE), Secretary Lutnick reportedly pushed the UAE to "build data centers in America,” in exchange for the United States loosening export control restrictions on certain advanced chips. The Trump administration ultimately approved this deal, under which the Lutnick-backed Newmark Group is primed to profit from that Emirati investment.
Similarly, as part of another trade deal, Secretary Lutnick reportedly pushed South Korea to invest hundreds of billions of dollars in the United States. One startup vying for some of South Korea's investment has paid the Lutnick family's companies millions in fees to help it secure financing and land for its new data center.
Though businesspeople have often occupied the role of Commerce Secretary, the Times reported last month that "never in modern US history has the office intersected so broadly and deeply with the financial interests of the commerce secretary’s own family, according to interviews with ethics lawyers and historians."
According to the company's most recent quarterly earnings report, Newmark has completed more than $25 billion in data center deals over the past 12 months, resulting in its most lucrative year in the firm's history.
Citing evidence that the construction of AI data centers considerably spikes energy costs for consumers, the lawmakers said, "There is substantial public interest in ensuring that Secretary Lutnick is not violating federal ethics law to propel data centers that will be profitable for his family while making life more expensive for working Americans."
"If senior officials are processing this grift behind closed doors... that is not just bad optics, it is a direct threat to government integrity."
A democracy advocacy organization is stepping up pressure on the federal government to release more information on President Donald Trump's scheme to receive a $230 million payout from the US Department of Justice.
Democracy Forward on Monday filed a Freedom of Information Act (FOIA) complaint against the DOJ and the US Department of Treasury, alleging that both agencies have so far refused to turn over any records related to what the group describes as Trump's "stunning effort to obtain a $230 million taxpayer-funded payout for investigations into his own misconduct."
The group notes that it has already filed multiple FOIA requests over the last several weeks, and in response neither DOJ or Treasury has "produced a single substantial record or issued a legally required determination."
The complaint asks courts to compel DOJ and Treasury "to conduct searches for any and all responsive records" related to Democracy Forward's past FOIA requests, and also to force the government "to produce, by a date certain, any and all non-exempt responsive records," and to create an index "of any responsive records withheld under a claim of exemption."
Skye Perryman, president and CEO of Democracy Forward, said her organization's lawsuit was a simple demand for government transparency.
"People in America deserve to know whether the Department of Justice is entertaining the president’s request to cut himself a taxpayer-funded $230 million check," Perryman said. "If senior officials are processing this grift behind closed doors—including officials who used to represent him—that is not just bad optics, it is a direct threat to government integrity."
Democracy Forward's complaint stems from an October New York Times report that Trump was lobbying DOJ to fork over hundreds of millions of dollars to him as compensation for the purported hardships he endured throughout the multiple criminal investigations and indictments leveled against him.
Trump was indicted in 2023 on federal charges related to his mishandling of top-secret government documents that he'd stashed in his Mar-a-Lago resort, as well as his efforts to illegally remain in power after losing the 2020 presidential election. Both cases were dropped after Trump won the 2024 presidential election.
When asked about the DOJ payout scheme in the wake of the Times report, Trump insisted he would give any money paid out by the department to charity and asserted that he had been "damaged very greatly" by past criminal probes.
Perryman, however, insisted that Trump was not entitled to enrich himself off taxpayer funds.
"President Trump may think he can invoice people for the consequences of his own actions," she said, "but this country still has laws, and we demand they be enforced.”