
Photo: Chip Somodevilla/AFP/Getty Images
Earlier this week, Newsweek reported that Barron Trump was starting a real-estate firm with a friend from his Palm Beach prep school and an Idaho real-estate developer. Or, at least, he had been planning to start a real-estate firm — the trio filed papers to incorporate Trump, Fulcher & Roxburgh Capital, Inc. in July — but the firm was dissolved a few days after the election. They were, however, planning to relaunch it this spring, according to partner Cameron Roxburgh.
It’s hard to tell what’s really happening with the company, but it’s at least some information about the 18-year-old, who’s mostly been out of the public eye until recently. So what do we know about the real-estate venture that Barron is possibly, at some point in the future, starting with his pals?
The company was looking to develop high-end luxury properties and golf courses in Idaho, Arizona, and Utah, Roxburgh told Newsweek. This is also, basically, what the Trump Organization does on a global scale.
Barron, son of the real-estate scion president and a freshman at NYU, teamed up with Oxbridge Academy classmate Cameron Roxburgh, who appears to currently be a high-school senior (and de facto spokesperson for the dissolved real-estate company), and Carter Fulcher, a partner at the family real-estate company the Fulcher Organization “and luxury real estate expert,” according to the New York Post. The Post also describes the Fulcher Organization as a “prominent real estate firm in Idaho,” although the company’s website is scant on details and lists only one project, Snake River Ridge in Melba, which does not appear to have been built. Fulcher is a cousin of Republican Idaho congressman Russ Fulcher, who is not involved. There’s also very little information online about Roxburgh, his family, or whether his family is involved with real estate in any way.
Roxburgh told Newsweek that the president had offered advice and approved of the idea but wasn’t contributing financially. Barron’s classmate also said that the plan was for the firm, at some point, to be incorporated as a subsidiary of the Trump Organization.
Many stories note that Barron is following in his father’s footsteps — Donald started working in his family real-estate company at a young age (but not that young — he graduated first from Wharton, although he did dabble in some property flipping in Philadelphia while there, apparently). It doesn’t look like Barron’s held a formal role in the Trump Organization previously (not surprisingly, as he’s a teenager). But he allegedly helped Trump with social media during his most recent presidential election and suggested that he go on The Joe Rogan Experience, Logan Paul’s podcast Impaulsive, and This Past Weekend With Theo Von.
If Barron actually launches his own company, it would be a slightly different path from Trump’s other children. Trump’s three adult children with first wife Ivana — Donald Jr., Ivanka, and Eric — all worked extensively in the Trump Organization. Donald Jr. and Eric are still heavily involved in the family business (both are listed as executive vice-presidents), while Ivanka, who held high-level positions at the company since she was 23, supposedly stepped back from working with her father in 2021. Tiffany Trump, his daughter with Marla Maples, graduated from Georgetown Law in 2020, but it’s unclear if she ever passed the bar or worked as a lawyer. She hasn’t worked in the Trump Organization but has supported her father’s campaign efforts.
Of the Trump kids, it seems Ivanka has been the most entrepreneurial, launching her own fashion and jewelry lines (since shuttered) and writing the book Women Who Work, described by The New Yorker as “painfully oblivious.” In recent months, Eric Trump has incorporated several businesses, Newsweek reports: ET Talks, a cryptocurrency venture, and holding companies for a recreational boat and a hunting camp.
Papers to incorporate the company were filed this July, as reported by Newsweek, with Mar-a-Lago listed as the principal business address. But the company was incorporated in Wyoming, a state with lower taxes and fewer regulations. It was dissolved shortly after Trump’s reelection, allegedly to avoid election-related media coverage, Roxburgh told the Post, with plans to relaunch this spring. However, this week Roxburgh told Fox Business that a relaunch wasn’t happening after all. It’s hard to say whether it’s finished or not; the political cycle has apparently put Barron’s business dreams on hold for now. We’ll just have to wait and see if he finds the time between classes and his duties as First Son to actually get his paper company off the ground.