Tom Barrack
Tom Barrack, CEO of Colony Capital and close Trump confidant, speaks at the Republican National Convention in Cleveland, Ohio on July 21, 2016. REUTERS/JIM YOUNG

President-elect Donald Trump on Tuesday named Thomas Barrack Jr., the founder and executive chairman of the global investment firm Colony Capital, as chairman of his inaugural committee. Barrack, the former deputy undersecretary of the Department of Interior under the Reagan administration, is a staunch Trump ally advising the real estate mogul on economics and national security.

“The Presidential Inaugural Committee is responsible for the planning and coordination of all official events and activities surrounding the inauguration of President-elect Donald J. Trump and Vice President-elect Michael R. Pence,” according to a statement on Trump’s campaign website.

The list features many of Trump campaign donors as the committee’s finance vice-chairs. Conservative mega donors Sheldon and Miriam Adelson, New York Jets owner Woody Johnson, Wisconsin billionaire Diane Hendricks and California venture capitalist Elliott Broidy are some of the 17 people listed as finance vice-chairs.

U.S. President Barack Obama (right) greets President-elect Donald Trump in the White House Oval Office in Washington, D.C., Nov.10, 2016. REUTERS/KEVIN LAMARQUE

According to CNN, casino tycoon Sheldon Adelson’s Las Vegas Review-Journal gave Trump his first major newspaper endorsement during the presidential election race. Texas businessman Roy Bailey and Republican National Committee Finance Chairman Lew Eisenberg were named finance co-chairmen.

Trump’s budget for the Jan. 20 event is still under wraps. Obama's inaugural committee had raised $53 million for his 2009 inauguration. “Additional announcements regarding Presidential Inaugural Committee leadership will be forthcoming,” the statement said.

The real estate mogul also had a meeting with Pence on Tuesday to assess candidates who would make up Trump’s cabinet. So far, Trump has named GOP Chairman Reince Priebus as his chief of staff and Breitbart News Executive Chairman Stephen Bannon as chief strategist.