Topline
Just weeks after their father announced a major push to expand the country’s artificial intelligence infrastructure and loosen regulations on the industry, Donald Trump Jr. and Eric Trump invested in a new company aiming to build data centers “to address the growing demand for high-performance computing infrastructure.”
Donald Trump Jr., President Donald Trump and Eric Trump take in the Republican National Convention … [+] in Milwaukee on July 15, 2024. Photographer: Eva Marie Uzcategui/Bloomberg
Key Facts
In January, President Donald Trump announced a $40 billion investment pledge in U.S.-based data centers from his business partner Hussain Sajwani, unveiled another $500 billion in planned investments in private-sector AI infrastructure and signed an executive order rolling back Biden-era policies that took a more cautious approach to AI and directed “the development of an AI Action Plan to sustain and enhance America’s AI dominance.”
Dominari Holdings, Inc.—a publicly traded firm specializing in wealth management, investment banking, sales and trading, asset management and capital investment —announced last week that Donald Trump Jr. and Eric Trump had invested in the company and joined its advisory board, touting their “strategic insight” in the AI and data center sector (although without citing any specifics).
On Tuesday, Dominari Holdings launched American Data Centers Inc., an independent firm in which Donald Trump Jr. and Eric Trump also invested, with plans “to address the growing demand for high-performance computing infrastructure” to support artificial intelligence, cloud computing and cryptocurrency mining.
The brothers’ investments in the two companies give them a new avenue to potentially profit from government-backed industry growth.
Donald Trump Jr., Eric Trump and Dominari Holdings president Kyle Wool did not immediately respond to inquiries.
Key Background
The investment in American Data Centers marks the latest step in the Trump family’s shift beyond real estate, hotels, golf and branding deals to technology. In December 2020, Trump Media & Technology Group incorporated, launching its flagship product, the social-media platform Truth Social, in February 2022. The company has since expanded into streaming with TMTG+, and announced plans to offer investment vehicles, including ETFs and crypto-related securities, under its fintech brand, Truth.Fi. Trump rolled out another crypto endeavor in September 2024 with the incorporation of WorldLibertyFinancial, Inc. a decentralized finance protocol that hawks nontransferable tokens. And just days before returning to the White House, the incoming president and first lady each launched meme coins.
What We Don’t Know
Whether American Data Centers will benefit directly from the AI and data center initiatives Trump announced in January, or how much Donald Trump Jr. and Eric Trump have invested in the two companies.
Crucial Quote
“The Trump Organization is dedicated to not just meeting but vastly exceeding its legal and ethical obligations during my father’s Presidency,” Eric Trump said in a January 2025 statement that accompanied the company’s ethics plan.
Crucial Quote
“AI is advancing at an unprecedented pace and has the potential to revolutionize industries and transform the way companies do business. Harnessing this transformative technology is essential to the ‘America First’ agenda,” Donald Trump Jr. said in a press release Tuesday that announced American Data Centers, name-checking one of his father’s campaign slogans.
Big Number
$11.62: Dominari Holding’s stock price at Wednesday’s close, up from the $6.16 it closed at on Feb. 10, the day before the Trumps’ involvement was announced.
Forbes Valuation
Donald Trump is worth about $5.6 billion, with Trump Media shares making up the bulk of his fortune. In November 2024, Forbes estimated Donald Trump Jr.’s net worth at $50 million, while valuing Eric Trump at approximately $40 million.
Tangent
Dominari Holdings is headquartered in Trump Tower.
Further Viewing
Further Reading
Trump’s Golf Courses Keep Pushing Legal Boundaries With Presidential Seal Markers (Forbes)
Here’s Who’s Paid Homage To Trump At Mar-A-Lago Since His Election (Forbes)
Trump’s Business Hired More Foreign Workers Than Ever In 2024 (Forbes)
How Donald Trump Earned $605 Million Over The Last Three Years (Forbes)
How Trump Can Sell His Truth Social Stock Without Paying A Dime In Taxes (Forbes)
