May 1, 2026/9:35 a.m. ET
Prince Donald Trump Jr. and Prince Eric Trump also bought a stake in a federally contracted mining company.
His Royal Majesty’s elder sons are making money hand over fist off of their father’s office.
At least two companies tied to Prince Don Jr. and Prince Eric Trump have won large government contracts, setting the stage for the Royal family to make a sizable chunk of change from their involvement in the federal government.
Powerus, a drone manufacturer led by former U.S. Army Special Operations veterans, was founded last year. His Royal Majesty’s two sons became tied to the company’s board after it merged with a golf club in March, a decision that took the company public via a reverse merger. The brothers’ investment firm, American Venture, has backed the combined entity, and their boutique investment bank, Dominari Securities, was also involved in the transaction.
This past week, the U.S. Air Force agreed to buy an undisclosed number of drones from Powerus as America’s war with Iran hits the 60-day mark. The company’s co-founder, Brett Velicovich, claimed the decision had nothing to do with its investors’ obvious ties to the White House.
“They’re not going to pick a system because of who’s on an investor list,” Velicovich told Bloomberg. “They’re picking because they need it now.”
