Barron Trump to launched his own real estate empire

The youngest son of President Donald Trump is preparing to relaunch a luxury real estate venture with a former classmate, following in the footsteps of his father, who created a billion-dollar empire before transitioning to politics.

Trump, Fulcher & Roxburgh Capital Inc. was established by Barron Trump, 18, and two of his friends in July, according to a report by Newsweek on January 17.

The company was established on July 15 and was dissolved on November 14, more than a week after the presidential election, as Newsweek reported.

However, Cameron Roxburgh, one of Barron Trump's partners who attended the Oxbridge Academy with him in West Palm Beach, Florida, informed Newsweek that the company will be relaunched in the spring.

Roxburgh stated that the organization is a high-end real estate development corporation that will possess golf courses and properties in Idaho, Arizona, and Utah.

What About Dad

The partner went on to say that the president provided his son with guidance and endorsed the concept.

He said the president did not fund the business but wants it to be a subsidiary of the Trump Organization, where Barron Trump's half-brothers Eric Trump, 41, and Donald Trump Jr., 47, are executive vice presidents. There are no plans for this to happen yet, according to Newsweek.

Roxburgh said the other incorporated partner, Carter Fulcher, a relative of Rep. Russ Fulcher, R-Idaho, will not work in the business. it has been reported that Carter Fulcher is a partner in a luxury real estate company in Idaho.

The business is headquartered at the president's Mar-a-Lago home in West Palm Beach, but was incorporated in Wyoming, a business-friendly state with low taxes and few regulations.

From the POTUS

Trump claims that his youngest child, a Stern School of Business student, was important in reaching younger people for his presidential campaign.

Newsweek reports that Donald Trump Jr. is forming two holding companies for a recreational boat and a hunting camp, while Eric Trump promotes World Liberty Financial, a cryptocurrency endeavor.

However, President George W. Bush's top ethics counsel, Richard Painter, warned Newsweek that any commercial ties involving the president's sons could be problematic if the president invests or has financial interest without disclosing it.

"To stay clean, the president needs to not receive any money from any of these businesses or he has to disclose it," he said.