Eric Trump and Donald Trump Jr. have backed a $1 billion investment network targeting industries heavily promoted by President Donald Trump‘s administration, including artificial intelligence, drones and cryptocurrency, the Financial Times reported Thursday.
According to the report, two people familiar with the matter said the Trump sons invested in vehicles launched by American Ventures, an investment arm controlled by the Trump Tower-based financial group Dominari Holdings. SEC filings show the brothers collectively own roughly 12% of Dominari, which owns 90% of American Ventures.
The growing investment network has drawn scrutiny because many of the businesses operate in sectors expected to benefit from Trump administration policies, defense spending and industrial priorities.
American Ventures has reportedly raised more than $1 billion across 21 investment vehicles backing companies tied to AI, crypto, drones, nuclear energy and data centers. Over the past 10 months, American Ventures has reportedly channeled money from wealthy investors and family offices into small-cap stocks and private companies tied to sectors including AI, crypto, drones, nuclear energy …
This post was originally published here
