Trump sons anchor Dominari's $1B American Ventures portfolio

On May 8, 2026, the Financial Times reported that Eric Trump and Donald Trump Jr. are anchor investors across the portfolio of American Ventures, a Palm Beach, Florida-based investment unit of Trump Tower-headquartered Dominari Holdings. Run by Dominari CEO Kyle Wool, American Ventures had assembled $1.04 billion across 21 investment vehicles by early April 2026, channeling money from family offices and wealthy individuals into U.S. companies in sectors championed by President Donald Trump's second-term agenda — including crypto, AI, drone manufacturing, and nuclear energy. The Trump brothers collectively own approximately 12 percent of publicly traded Dominari (which owns 90 percent of American Ventures) and joined Dominari's advisory board in late 2024 after befriending Wool. Through this structure they hold indirect equity exposure to portfolio companies that have since received federal contracts or federal financing commitments, including drone-maker Powerus (U.S. Air Force procurement order, April 2026) and Cove Kaz Capital (Export-Import Bank and DFC letters of interest totaling $1.6 billion for a Kazakhstan tungsten mine, November 2025). The article also names the $1.5 billion JFB Construction / XTend defense-robotics merger, the SRM Entertainment / Tron blockchain deal, Dogehash Technologies / Thumzup Media, and Don Jr.-backed drone manufacturer Unusual Machines (which received a separate Pentagon contract) as part of the same Dominari-orchestrated pattern of taking private companies public via shell mergers. Spokespeople for both Trump sons told the FT they are passive investors with no operational involvement in American Ventures and do not interface with the federal government on behalf of companies they invest in.