A Mogul In The Making? Barron Trump's Luxury Property Venture Grows Wings After Dad Donald's Inauguration

They start young in the Trump family. According to Newsweek, the President's 18-year-old son, Barron – currently enrolled as a freshman at New York University's Stern School of Business – filed incorporation documents in Wyoming on July 14, 2024, to form his own real estate business, Trump, Fulcher & Roxburgh Capital Inc. He listed the address as his father's Mar-a-Lago estate in Palm Beach, Florida.

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However, Trump's youngest son dissolved the business shortly after Trump Sr. won the 2024 election. The ‘Roxburgh' in the company's name and cofounder is Cameron Roxburgh, one of Barron's classmates from High School – the prestigious $40,000-a-year Oxbridge Academy in Palm Beach. According to his LinkedIn profile, Cameron, a year behind Barron, is due to graduate in May 2025. He told Newsweek there are plans to "relaunch it" – the real estate business – in the Spring. He explained that the company temporarily shut down to avoid media scrutiny during the election.

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Interestingly, Roxburgh revealed that the company will focus on upscale real estate development once it launches. They have already identified properties and golf courses in Utah, Arizona and Idaho. Roxburgh added that he and Barron will be working with a third partner – luxury real estate expert Carter Fulcher.

Although Roxburgh stated that the President has not offered to underwrite his son's company's deals with funding, the T.F.R. team hopes their fledgling business can one day be brought into the Trump Organization fold.

Like Father Like Son

Carter Fulcher is known for being at the helm of a luxury real estate development business, The Fulcher Organization, in Idaho. In following his father's footsteps, Barron is emulating the path dad Donald took, joining his father's multifamily real estate business in 1968 before launching his own self-branding venture in the 1970s, which continues to this day and is co-run with Trump's other sons Eric and Donald Jr. 

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Generational Wealth

According to The New York Times, Trump Sr. received a staggering $413 million in today's money from his dad over two decades. However, Trump has vehemently disagreed with this number, saying he started with $1 million from his father to kick-start his real estate empire.

Regarding The New York Times accusation, which alleged that much of Trump's inheritance was passed down through tax loopholes, the President's brother Robert Trump said that "all appropriate gift and estate tax returns were filed. Our family has no other comment on these matters that happened some 20 years ago," he said in a statement to the Times, "and would appreciate your respecting the privacy of our deceased parents, may God rest their souls."

Real Estate Dynasties

While Trump's children with former wife Ivana – Donald Jr., Eric and Ivanka – are all involved or have been involved in their dad's real estate business – only Tiffany, the daughter from Trump and Marla Maples' brief marriage, does not appear to be involved in the family business. The Georgetown Law graduate seems to be sticking to the profession she studied. Ivanka is also married into another real estate dynasty, the Kushners, through her husband Jared, whose family's net worth is believed to be $7.1 billion as of 2024. 

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