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State of the Cartoonion: Trumped up inauguration
01:06 - Source: CNN

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Barrack is a close friend and business associate of Trump's

The committee will handle the events surrounding the inauguration in January

Washington CNN  — 

President-elect Donald Trump announced Tuesday that his longtime friend Tom Barrack would chair his Presidential Inaugural Committee – and named many of his donors as finance vice-chairs for the committee, as well.

In a statement released on Tuesday, Trump said he chose Barrack, a close friend and business associate of his, as the chairman. Conservative megadonors Sheldon and Miriam Adelson, New York Jets owner Woody Johnson, Wisconsin billionaire Diane Hendricks and California venture capitalist Elliott Broidy are some of the finance vice-chairs.

The purpose of the the Committee is to plan and coordinate most of the events around the President-elect’s inauguration, which will take place January 20, 2017.

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Barrack, a California private equity executive and the founder of Colony Capital, spoke for Trump at the Republican National Convention in Cleveland in July, praising his friend who he’s known for 35 years for his successes. Barrack also contributed to Trump’s campaign by hosting fundraisers for real estate mogul earlier this year.

And the Adelsons spent millions of dollars on Trump’s behalf. The Las Vegas Review-Journal, which is owned by casino magnate Sheldon Adelson, gave Trump his first major newspaper endorsement before the election ended.

Other megadonors for Trump on the list include Johnson, Hendricks and Broidy, and Phil Ruffin. Other fundraisers on the list include Anthony Scaramucci, Tommy Hicks, Robert Grand and Gentry Beach.