Donald Trump Jr. Joins 1789 Capital, Boosts MAGA Investments

Since Donald Trump Jr. joined 1789 Capital following his father's election victory, he has been actively investing in sectors aligned with the MAGA agenda, including media, pharmaceuticals, and cryptocurrency, while rejecting environmental, social, and governance (ESG) criteria and diversity, equity, and inclusion (DEI) initiatives. The venture capital firm, co-founded by Trump supporters and located near Mar-a-Lago, has raised $500 million and aims for at least $1 billion in its inaugural fund, targeting Republican-affiliated endowments and pension funds. Notable investments include a $15 million seed round for Tucker Carlson’s media venture and over $50 million in Elon Musk's xAI and SpaceX. Trump Jr. also serves on the boards of several companies and is advising firms looking to go public, including a firearm retailer. The firm is strategically positioned to capitalize on potential regulatory relaxations under a second Trump administration. Overall, 1789 Capital exemplifies the growing trend of a parallel economy catering to right-wing interests.