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Thursday, November 21, 2024

Donald Trump Jr. Ditches White House for Venture Capital Adventure

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EPA Yonhap News

Donald Trump Jr., the eldest son of President-elect Donald Trump, will not be taking an official role in his father’s second administration, according to a report by The New York Times on Monday. 

The New York Times reported that Trump Jr. confirmed his decision to join 1789 Capital as a partner during a Sunday event attended by hundreds of donors. When asked whether he would join the administration, Trump Jr. responded that he would be working with the firm, citing sources familiar with the matter.

The Rockbridge Network, a group of tech-savvy Republican donors, hosted the event, with Vice President-elect J.D. Vance serving as a co-investor.

1789 Capital is known for investing in companies and products popular within conservative circles. Among its notable investments is Tucker Carlson’s media company, previously associated with his work at Fox News.

Despite not taking an official role in the second Trump administration, Trump Jr. is expected to wield considerable behind-the-scenes influence. He played a crucial role in securing his father’s re-election victory and is closely involved in the selection of personnel for the new administration. 

In a Fox News interview on Thursday, Trump Jr. revealed that he plans to prioritize loyalty when making appointments, stating that he will exclude individuals who he believes are more loyal to themselves than to his father.

While less prominent during his father’s first term than his sister, Ivanka Trump, and brother-in-law Jared Kushner, Trump Jr. gained significant trust during the re-election campaign. His influence was widely credited with playing a pivotal role in selecting J.D. Vance, who had limited name recognition, as the vice-presidential candidate.

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