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Trump sons invest $1.04 B in AI, crypto, drones

5/9/2026

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Summary

Story summary

Eric Trump and U.S. President Donald Trump Jr. are channeling a $1.04 billion war chest into AI, cryptocurrency and drone manufacturing.
They own about 12 percent of Dominari, which controls 90 percent of American Ventures, the arm that has created roughly two dozen entities since last summer.
Rep. Jamie Raskin and Rep. Robert Garcia warned the investments could be pay-to-play deals that make U.S. institutions appear for sale to foreign interests.

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Story summary

Eric Trump and U.S. President Donald Trump Jr. are channeling a $1.04 billion war chest into AI, cryptocurrency and drone manufacturing.
They own about 12 percent of Dominari, which controls 90 percent of American Ventures, the arm that has created roughly two dozen entities since last summer.
Rep. Jamie Raskin and Rep. Robert Garcia warned the investments could be pay-to-play deals that make U.S. institutions appear for sale to foreign interests.