The Trump family is making headlines again after money management companies tied to Donald Trump Jr. and Eric Trump have raked in about $6.3 billion from investments in defense-sector startups that receive hefty government contracts.
According to The Washington Post (1), portfolio funds linked to the Trumps have "invested in more than a dozen defense tech companies and other firms seeking businesses from the Pentagon and federal agencies."
The investment companies cited in The Post's analysis include Plainville, N.Y.-based 1789 Capital, an investment firm that says it's "Funding the Next Chapter of America's Exceptionalism" on its website's home page (2). The firm's leadership team includes Donald Trump, Jr., who's billed as a partner on the 1789 website.
Another firm, American Ventures branch, a branch of Dominari Holdings, holds approximately $1 billion in private assets, with Eric Trump reportedly heavily involved in the company.
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