Barron Trump plans to relaunch luxury property venture as he follows in dad Donald's footsteps
PALM BEACH, FLORIDA: President-elect Donald Trump's youngest son, Barron, seems to be following in his father's footsteps as he reportedly plans to incorporate a real estate business.
Notably, as Trump prepares to return to office on January 20, the business activities of his closest family members in several companies will attract more scrutiny, partly because of questions of potential political influence, according to Newsweek.
Barron Trump plans to launch luxury property venture
Barron Trump reportedly filed paperwork in Wyoming to incorporate his real estate venture, named Trump, Fulcher & Roxburgh Capital Inc, on July 14, 2024, listing the company’s principal address as his father's Mar-a-Lago estate in Florida, per the outlet.
Barron lived at the Palm Beach mansion with his father and mother, Melania Trump, for several years after Trump's first presidency ended, before heading off to New York for college in 2024.
During his time in Palm Beach, he attended Oxbridge Academy where he met one of his company co-founders, Cameron Roxburgh.
However, the firm was dissolved on November 14, 2024, after Barron's father won the race for the White House against Vice President Kamala Harris.
However, Roxburgh told the outlet there are already plans to "relaunch it" in the spring after Trump has taken office.
Moreover, Roxburgh added that the team decided to shut down the company to avoid media scrutiny during the election. He said that when it relaunches, the company will focus on high-end real estate development with properties and golf courses in Utah, Arizona, and Idaho.
He also mentioned that he and Barron will be working with a third partner - luxury real estate expert, Carter Fulcher, per the outlet.
Donald Trump offers 'private advice' to son Barron for his new venture
Roxburgh told Newsweek that Donald Trump has already offered his son "private advice" but added that he has not provided any funding for the project.
However, the founding trio hopes that their company will one day be incorporated as a subsidiary of the Trump Organization.
Notably, the company has another political tie in Fulcher, whose family already owns a luxury real estate business - The Fulcher Organization in Idaho.
Roxburgh said that Fulcher’s cousin is Idaho Congressman Russ Fulcher, and added that the Republican politician is not involved in the trio’s venture.
Donald Trump's real estate empire
Donald Trump's family business shifted from residential units in Brooklyn and Queens to glitzy Manhattan projects under his leadership since the 1970s.
Notably, the famous Fifth Avenue became home to Trump Tower and is arguably his most famous property and his home for many years. Similarly, the rundown Commodore Hotel was restored as the Grand Hyatt.
Moreover, other properties bearing the Trump brand name are casinos, condominiums, golf courses, and hotels. They were built across Atlantic City, Chicago, and Las Vegas to India, Turkey, and the Philippines, per BBC.
Trump bought the Plaza Hotel in Manhattan in 1988, paying $400 million for the property, and tapped his ex-wife, Ivana, to manage its operation and renovation.
He also acquired the Taj Mahal Casino in Atlantic City, New Jersey, in 1988 in a transaction with Merv Griffin and Resorts International. The casino was opened in April 1990 at a total cost of $1.1 billion. It was the most expensive casino ever built at the time.
