Donald Trump Jr.
Son. Partner, 1789 Capital; EVP, Trump Organization
Photo: Gage Skidmore from Surprise, AZ, United States of America, CC BY-SA 4.0, via Wikimedia Commons.
Schedule A · Itemized
-
1789 Capital's $1.2 billion real-estate fund Copy link
1789 Capital, where he is a partner, closed a $1.2 billion fund to develop real estate in Sun Belt states, Axios reported, according to Bisnow. He will sit on the fund's investment committee. The firm manages more than $3 billion.
Paid by Investors in 1789 Capital's fund
Outside capital, not his income. Omeed Malik founded and runs the firm. Trump Jr. is a partner and, per Axios, sits on this fund's investment committee. The $1.2 billion close was reported only by Axios; Bisnow and CRE Daily repeat it.
- ReportBisnow · Trump Jr.-Backed Firm Launches Fund To Target $8B In Sun Belt Real Estate Deals · 13 Aug 2026
$1.2BNot counted -
Army contract for Hadrian's automated factory at Red River Army Depot Copy link
A firm-fixed-price Army contract to set up an automated manufacturing facility at Red River Army Depot in Texas. USAspending shows $79,436,000 obligated, including a July 2026 modification, with one offer received.
Awarded to Hadrian by U.S. Army
Tie 1789 Capital, where Trump Jr. is a partner, invested in Hadrian in funding rounds announced in January and August 2026. 1789 says it takes only minority stakes.
Response1789 Capital A spokesperson said investment decisions are made by a three-person committee that does not include Trump Jr.: “Don Jr. has no ability to decide any investments at this fund.” ABC News
- RecordUSAspending.gov · Contract W911RQ26CA011 to Hadrian Automation, Inc. · 17 Mar 2026
- RecordU.S. Army · Army accelerates advanced manufacturing with contracting award at Red River · 18 Mar 2026
- ReportABC News · New shipyard announced amid earlier Democratic concerns over potential conflicts of interest · 09 Oct 2026
- Record1789 Capital · Don Trump Jr — 1789 Capital · Archived
$79.4MNot counted -
GrabAGun shares from a consulting agreement Copy link
He received 300,000 shares under a December 2024 consultant agreement with the online gun retailer, worth about $4 million at its market debut.
Paid by GrabAGun
The stock fell more than 70% within two weeks of listing.
- ReportBloomberg Tax · Trump Jr.’s GrabAGun Stake Worth $4 Million Even After 25% Drop · 16 Jul 2025
- ReportReuters, via WDEZ · Trump Jr.-backed GrabAGun extends losses after sinking on debut · 17 Jul 2025
$4MEst.Not counted -
Air Force order to Vulcan Elements for rare-earth metal supply Copy link
An Air Force purchase order to establish a domestic rare-earth metal supply chain, signed a month after 1789 Capital invested. USAspending shows $1,208,099 obligated and full and open competition with 105 offers.
Awarded to Vulcan Elements by U.S. Air Force
Tie 1789 Capital, where Trump Jr. has been a partner since November 2024, invested in Vulcan Elements in a $65 million round announced in August 2025. The size of its stake is not public.
- RecordUSAspending.gov · Purchase order FA864925P0394 to Vulcan Elements Inc. · 29 Sep 2025
- ReportProPublica · The White House Intervened to Get a $620 Million Deal for a Company Tied to Donald Trump Jr. · 28 May 2026 · Archived
- Record1789 Capital · Don Trump Jr — 1789 Capital · Archived
$1.21MNot counted -
Trump Media director stock award, January 2025 Copy link
Trump Media's 2025 proxy statement reports restricted stock units worth $779,418 at grant, awarded January 28, 2025 for his 2024 board service, plus $33,900 in cash fees.
Paid by Trump Media & Technology Group
Granted inside our window for service in 2024. The cash fees are not counted.
$779KNot counted -
Jan–Dec 2025
PSQ Holdings consulting fees, 2025 Copy link
PSQ Holdings, the parent of the PublicSq marketplace, reports $504,000 in consulting fees earned by Donald Trump Jr. from January to December 2025, under an August 2024 agreement that pays him $42,000 a month. He also sits on the company's board.
Paid by PSQ Holdings
The 100,000 RSUs granted with the August 2024 consulting agreement vested on August 13, 2025, but the grant predates the window and the filing gives no value for them, so they are not counted.
- RecordSEC EDGAR · PSQ Holdings, proxy statement (DEF 14A) · 11 Jun 2026
$504KNot counted -
Kalshi advisor equity Copy link
The Financial Times reported, citing people familiar with the matter, that Kalshi granted him equity worth about $300,000 when he joined the prediction market as a strategic adviser in January 2025, when the company was valued at under $2 billion. He did not invest his own money. Kalshi was later valued at $22 billion.
Paid by Kalshi
Value at the time of the grant. The stake has reportedly been diluted since, and its current value is not reported. One original report (the Financial Times, paywalled); the cited articles are rewrites of it. Neither Kalshi nor Trump Jr. responded to requests for comment.
- ReportMoneywise, via Yahoo Finance · Kalshi reportedly gave Trump Jr. a $300K stake when it was worth $2B. Now at $22B, it wants to allow borrowed-money bets · 23 Sep 2026 · Archived
- ReportBenzinga, via Yahoo Finance · Donald Trump Jr. Got A Kalshi Stake For Free— Now It Could Be Worth Billions As Prediction Market Platform Eyes $40 Billion Valuation: Report · 27 Jun 2026 · Archived
$300KEst.Not counted -
Calendar 2025
Trump Media director stock award, 2025 Copy link
Trump Media's amended annual report for 2025 shows restricted stock units worth $206,434, granted August 22, 2025, plus $47,489 in cash retainers.
Paid by Trump Media & Technology Group
The cash retainers are not counted.
$206KNot counted -
May 2026
Wedding celebrations paid for by Russian oligarch Umar Kremlev Copy link
ProPublica reported that Umar Kremlev, the Russian head of the International Boxing Association and a Putin associate, paid "hundreds of thousands of dollars" of expenses for Donald Trump Jr.'s May 2026 wedding weekend in the Bahamas, through an IBA-affiliated entity in Dubai. That included several nights on a private island that rents for about $100,000 a night and a fireworks show the vendor typically prices around $70,000. Bettina Trump called it "an extraordinarily generous wedding gift from a friend."
Paid by Umar Kremlev, via an IBA-affiliated company in Dubai
Floor figure: Verstka puts the island and fireworks at $170,000, from ProPublica's price estimates for one island night plus the fireworks. ProPublica says Kremlev paid for multiple nights and other costs, so the total is likely higher. Alleged because the amount rests on one investigation; the gift itself is confirmed by Bettina Trump and Kremlev.
ResponseUmar Kremlev, President Trump and Trump Jr.'s spokesperson Kremlev says Trump Jr. repaid "the money I spent on the present"; President Trump said "I hear he paid them back." No amount or record of a repayment has been made public. Trump Jr.'s spokesperson called Kremlev "a personal friend" and "not someone he has a business relationship with." Scripps News (AP)
- ReportProPublica · Donald Trump Jr.'s Bahamas wedding was secretly bankrolled by Russian oligarch close to Putin · 14 Sep 2026 · Archived
- ReportProPublica · How we uncovered that Umar Kremlev bankrolled Donald Trump Jr.'s wedding · 14 Sep 2026
- ReportVerstka · Umar Kremlev paid $170,000 for an island rental and fireworks for Donald Trump's son's wedding in the Bahamas · 14 Sep 2026 · Archived
- ReportScripps News (AP) · Russian oligarch says Trump Jr. has paid him back for wedding expenses · 06 Oct 2026 · Archived
- ReportStraight Arrow News · Trump Jr.'s wife confirms Putin-linked Russian oligarch partially funded wedding celebrations · 15 Sep 2026 · Archived
$170KEst.Not counted -
Calendar 2025
PSQ Holdings director stock award, 2025 Copy link
PSQ Holdings' 2026 proxy statement reports restricted stock units worth $145,001 at grant awarded to director Donald Trump Jr. in 2025.
Paid by PSQ Holdings
Grant-date fair value.
- RecordSEC EDGAR · PSQ Holdings, proxy statement (DEF 14A) · 11 Jun 2026
$145KNot counted -
Calendar 2025
PSQ Holdings director fees, 2025 Copy link
PSQ Holdings reports $40,000 in cash board fees earned by Donald Trump Jr. in 2025.
Paid by PSQ Holdings
- RecordSEC EDGAR · PSQ Holdings, proxy statement (DEF 14A) · 11 Jun 2026
$40KNot counted -
Army order for drone motors from Unusual Machines Copy link
Unusual Machines announced an order from the Army's 101st Airborne Division for 3,500 drone motors made at its new U.S. factory. It did not disclose the value, and the order does not appear on USAspending.
Awarded to Unusual Machines by U.S. Army
Tie Trump Jr., already an investor, joined Unusual Machines' advisory board on 27 November 2024 and received 200,000 shares as compensation, according to CREW.
DeniesUnusual Machines A spokesperson said Trump Jr. “has never communicated with anyone in the administration on behalf of Unusual Machines or about the contract in question.” DroneXL
- RecordUnusual Machines (SEC Form 8-K) · Unusual Machines to Supply 3,500 NDAA-Compliant Motors for U.S. Army 101st Airborne Division’s A.B.E. V1.01 Drones · 15 Oct 2025 · Archived
- RecordUnusual Machines (SEC Form 8-K) · Donald Trump Jr. Joins Unusual Machines as an Advisor · 27 Nov 2024 · Archived
- ReportCREW · Companies see boost from Trump admin after adding Don Jr. to their board
No amount stated -
Pentagon loan commitment to Vulcan Elements Copy link
Three months after 1789 Capital invested, the Pentagon's Office of Strategic Capital agreed to lend Vulcan Elements up to $620 million to expand rare-earth magnet production, its largest loan commitment to date. ProPublica reported that the request came from White House trade adviser Peter Navarro. The loan is conditional and is to be repaid; no disbursement has been reported.
Awarded to Vulcan Elements by Pentagon Office of Strategic Capital
Tie 1789 Capital, where Trump Jr. has been a partner since November 2024, invested in Vulcan Elements in a $65 million round announced in August 2025. The size of its stake is not public.
A loan is not a payment: it is listed for the access to public money, at the committed amount, and is not added to any total.
DeniesTrump Jr.'s spokesperson, 1789 Capital and the Pentagon Trump Jr.'s spokesperson said he does not discuss companies he has invested in with government officials and did not speak to Peter Navarro about Vulcan. 1789 Capital said it played no role in the loan and learned of it when it was announced. The Pentagon said the deal was decided on its merits. ProPublica
- RecordU.S. Department of War · Office of Strategic Capital Agrees to Joint $700M Conditional Loan Commitment with Vulcan Elements and ReElement Technologies · 21 Nov 2025 · Archived
- ReportProPublica · The White House Intervened to Get a $620 Million Deal for a Company Tied to Donald Trump Jr. · 28 May 2026 · Archived
- ReportNPR · White House asked Pentagon to loan money to a company linked to Trump's oldest son · 28 May 2026 · Archived
- Record1789 Capital · Don Trump Jr — 1789 Capital · Archived
Amount paid not public$620M announced value, not counted -
Commerce CHIPS funding for Vulcan Elements Copy link
Alongside the Pentagon loan, the Commerce Department awarded Vulcan Elements $50 million in CHIPS Act funding for equipment at its North Carolina magnet plant, and takes $50 million of equity in the company in return. No disbursement is recorded on USAspending.
Awarded to Vulcan Elements by U.S. Department of Commerce
Tie 1789 Capital, where Trump Jr. has been a partner since November 2024, invested in Vulcan Elements in a $65 million round announced in August 2025. The size of its stake is not public.
- RecordNIST, U.S. Department of Commerce · Vulcan Elements Inc. (North Carolina)
- RecordU.S. Department of War · Office of Strategic Capital Agrees to Joint $700M Conditional Loan Commitment with Vulcan Elements and ReElement Technologies · 21 Nov 2025 · Archived
- ReportProPublica · The White House Intervened to Get a $620 Million Deal for a Company Tied to Donald Trump Jr. · 28 May 2026 · Archived
- Record1789 Capital · Don Trump Jr — 1789 Capital · Archived
Amount paid not public$50M announced value, not counted -
Commerce letter of intent for PsiQuantum Copy link
The Commerce Department announced $100 million in planned CHIPS funding for PsiQuantum's photonic quantum-computing work, one of nine letters of intent worth $2 billion. A letter of intent is not yet a final award.
Awarded to PsiQuantum by U.S. Department of Commerce
Tie 1789 Capital, where Trump Jr. is a partner, was among new investors in PsiQuantum's $1 billion round announced in September 2025.
ResponsePsiQuantum “PsiQuantum is committed to effective and responsible partnerships with the U.S. government.” ABC News adds that 1789 is one of many minority investors. ABC News
- RecordNIST, U.S. Department of Commerce · Department of Commerce Announces Letters of Intent With 9 Companies for $2 Billion to Accelerate U.S. Leadership in Quantum Computing · 21 May 2026 · Archived
- ReportABC News · New shipyard announced amid earlier Democratic concerns over potential conflicts of interest · 09 Oct 2026
- Record1789 Capital · Don Trump Jr — 1789 Capital · Archived
Amount paid not public$100M announced value, not counted -
DARPA agreement with PsiQuantum Copy link
PsiQuantum announced an expanded $125 million agreement with DARPA to test its quantum computer under the agency's Quantum Benchmarking Initiative. The amount paid so far is not public.
Awarded to PsiQuantum by DARPA
Tie 1789 Capital, where Trump Jr. is a partner, was among new investors in PsiQuantum's $1 billion round announced in September 2025.
ResponsePsiQuantum “PsiQuantum is committed to effective and responsible partnerships with the U.S. government.” ABC News adds that 1789 is one of many minority investors. ABC News
- RecordPsiQuantum · PsiQuantum Signs $125 Million Agreement with DARPA · 22 Jul 2026 · Archived
- ReportABC News · New shipyard announced amid earlier Democratic concerns over potential conflicts of interest · 09 Oct 2026
- Record1789 Capital · Don Trump Jr — 1789 Capital · Archived
Amount paid not public$125M announced value, not counted -
Pentagon propellant contract for Firehawk Aerospace Copy link
The Pentagon awarded Firehawk Aerospace a $24 million, two-year contract to expand production of propellant for 155mm artillery shells. It does not appear on USAspending, so the amount paid so far is not public.
Awarded to Firehawk Aerospace by U.S. Department of Defense
Tie 1789 Capital, where Trump Jr. is a partner, led Firehawk's $60 million Series C, announced in January 2025. 1789 says it first invested in 2023, before Trump Jr. joined.
ResponseFirehawk “Firehawk was founded in 2019 and has been awarded government contracts across multiple administrations, based on our ability to deliver on time, on budget and on the quality of our work.” ABC News
- ReportThe Defense Post · Firehawk Wins $24M US Contract to Expand 155mm Propellant Production · 28 Aug 2026 · Archived
- ReportTectonic · Firehawk Inks $24M Deal with the Pentagon’s IBAS Program for Artillery Propellant · 28 Aug 2026
- Report3D Printing Industry · Donald Trump Jr’s VC Leads New $60M Firehawk Aerospace Investment · 14 Jan 2025 · Archived
- ReportABC News · New shipyard announced amid earlier Democratic concerns over potential conflicts of interest · 09 Oct 2026
Amount paid not public$24M announced value, not counted