Over the past few months I have published several stories on how closely the Trump family and Trump Organization are working with Dominari Holdings and some of the interesting people and entities linked to this new business partner.
Historically, Donald Trump has made much of his money buying properties – buildings and club facilities – and licensing out the Trump name, without investing any money, in exchange for payments and profits from his licensing partners. Trump has much less frequently partnered with others on investments, such as his 30% stake in 1290 Avenue of the Americas with Vornado Realty or 50% stake in Trump International Hotel and Tower Las Vegas with Phil Ruffin.
So it is unusual to see that the two oldest Trump sons and three other executives from the Trump Organization have all recently become investors in Dominari Holdings, a relatively small financial business that happens to conveniently operate out of Trump Tower in Manhattan.
There have been a few reports in the mainstream media on Dominari Holdings and the Trumps, such as this recent Forbes story by Zach Everson on Don Jr. and Eric Trump landing $3 million in stock for joining Dominari’s advisory board.
However, there has been almost no reporting on the history of Dominari Holdings and the people who run and do business with the firm. Given the unusual relationship the Trump family and Trump Organization are forming with Dominari, this story should be reported on more closely.
Below are highlights from my previous stories showing some of the areas that should be looked into further by other researchers and reporters. Following that is new reporting based on an SEC filing from Dominari Holdings that shows the Trump family and several executives at the Trump Organization appear to cumulatively own around 20% of the common shares of Dominari Holdings.
Highlights from past reporting on the Trump family and Dominari Holdings
- In the first story I reported that Don Jr. and Eric had joined the advisory board of Dominari Holdings, a financial services firm that planned to focus on data centers and AI investments.
- Dominari Holdings is a tenant at Trump Tower in New York City and per their SEC filings they pay almost $750,000 per year in rent.
- Dominari President Kyle Wool previously worked at Revere Securities, which has links to some notable characters and Revere often does deals with Dominari.
- Kyle Wool previously worked at Morgan Stanley and managed some financial transactions for Hunter Biden’s former business partner Devon Archer.
- In addition to Eric and Don Jr.’s involvement with Dominari, Trump Organization executive, Ron Lieberman is on the board of directors of Dominari Holdings.
- My next story reported that Dominari had announced in February that they created American Data Centers Inc. (“ADC”) to focus on AI infrastructure and Dominari owned 32% of ADC and Eric and Donald Trump Jr. were both investors.
- I reported on a company affiliated with Dominari Holdings called Unusual Machines, where Don Jr. is a stock holder. Multiple investors in Dominari and Unusual Machine have been linked to Barry Honig who was accused by the SEC of running a $27 million stock fraud scheme. In 2019 Honig settled with the SEC without admitting or denying the allegations against him.
- Blue Finn Group run by Peter Benz is a large investor in Dominari Holdings and Benz has several links to businesses involving Barry Honig as well as Philip Frost, who was also charged by the SEC for the same fraud scheme. Benz also helped finance Unusual Machines. Other people connected to Barry Honig, including his brother Jonathan Honig and lawyer Harvey Kesner, were also involved with Unusual Machines.
- In my third story I reported that Hartley Wasko, who runs a firm called Eleven Ventures LLC, helped finance Unusual Machines and that Kyle Wool the president of Dominari Holdings is an investor in Wasko’s Eleven Ventures.
- I also reported that a firm with the same name, Eleven Ventures LLC, was sent $10.8 million from Russian-born businessman Anton Postolnikov around the same time Postolnikov loaned $8 million to Trump Media & Technology Group, which runs Trump’s Truth Social. Wasko has worked on several deals with Michael Shvartsman who was charged with insider trading in the company that merged with Trump Media and Shvartsman is also listed on the Trust run by Postolnikov that sent millions to Eleven Ventures and Trump Media.
American Data Centers – formed by Dominari Holdings with Don Jr. and Eric Trump – is partnering with Hut 8 Corp. to form American Bitcoin Corp.
After I published my last story, Dominari Holdings announced at the end of March that America Data Centers and Hut 8 Corp. were partnering to form American Bitcoin Corporation and that Eric Trump was a co-founder and the Chief Strategy Officer of American Bitcoin.
A few months earlier Coingeek had reported: ‘Struggling miner Hut 8 pushes back on short-seller’s pump-and-dump claims’. I had mentioned Hut 8 in this story, noting that Hut 8 disputed reports by short sellers that it is linked to the Barry Honig network. This is the disputed report from J Capital Research which is full of examples of links between Hut 8 and people connected to Barry Honig.
Coindesk recently reported that Eric Trump will speak at the Consensus 2025 conference this May and will present with Hut 8 CEO Asher Genoot about their American Bitcoin mining venture. The story described several of Eric’s recent crypto ventures:
American Bitcoin is one of several crypto ventures launched by the Trump family. Eric Trump also backs World Liberty Financial, a DeFi protocol and planned blockchain-based marketplace where users can borrow and lend cryptocurrencies, create liquidity pools and trade stablecoins. In March, WLFI announced that it plans to launch its own stablecoin, USD1, with BitGo providing custody services. In addition, Eric Trump is also an advisor to Metaplanet, the largest holder of bitcoin in Japan, which is following a Michael Saylor/Strategy-type bitcoin treasury model. He’s also an advisor to Dominari Holdings, a wealth management firm, which in March disclosed that it had bought $2 million of BlackRock’s iShares Bitcoin Trust (IBIT) shares.
The Trump family is involved in so many financial and crypto grifts that it is hard to keep track. I have reported on World Liberty Financial here and here. I have also reported extensively on Donald Trump Jr.’s business partner 1789 Capital here and here.
Below is the latest update on Dominari Holdings and the Trump family and Trump organization.
A new Dominari Holdings SEC filing shows Eric and Don Jr. own 2.9 million shares and in total five Trump Org execs own over 20% of Dominari
A new filing published today for Dominari Holdings provides more details on how invested the Trump family and business is with this relatively small financial firm. The filing shows that not only Donald Trump Jr. and Eric Trump are investors, but three other executives at the Trump Organization are also investors – and together these five people appear to own around 20% of the common stock outstanding for Dominari Holdings after the offering.
The Form S-3 filing includes a prospectus related to the resale by selling stockholders of up to 13,940,546 shares of common stock of Dominari Holdings Inc., which is listed on Nasdaq and trades under the symbol DOMH.
The filing shows over 17.3 million shares held by selling stockholders prior to the offering and of that 13.9 million shares may be sold by the selling stockholders in the future (although the shares can also be held and not sold). The filing says that the common stock outstanding after the offering is slightly over 23.2 million shares. The five Trump Org executives, including Don Jr. and Eric, own 5 million shares which is more than 20% of the total shares outstanding after the offering.
I reviewed the names of selling stockholders in the filings and in addition to Donald Trump Jr. and Eric Trump identified another three executives from the Trump Organization and put their information into the table below to show the # of shares of common stock owned prior to the offering and the maximum # of stock to be sold per the prospectus. I listed the titles of the Trump Organization executives based on a review of their most recent LinkedIn profiles.
| Selling Stockholders at Trump Org | # of Shares Common Stock Owned Prior to Offering | Max # of Shares Common Stock to be Sold (per Prospectus) |
|---|---|---|
| Donald J. Trump, Jr. (EVP at Trump Org, Dominari Advisor) | 1,648,414 | 1,504,322 |
| Eric Trump (EVP at Trump Org, Dominari Advisor) | 1,648,414 | 1,432,276 |
| Alan Garten (EVP and Chief Legal Officer at Trump Org) | 729,681 | 686,454 |
| Lawrence Glick (EVP at Trump Org) | 729,681 | 686,454 |
| Ronald Lieberman (EVP at Trump Org, Dominari Board Director) | 274,839 | 264,839 |
| Total | 5,031,029 | 4,574,345 |
| All Selling Stockholders | 17,355,517 | 13,940,546 |
| Combined Trump Org shares as % of all Selling Stockholders | 29% | 32.8% |
| Common Stock Outstanding After Offering | 23,246,005 | |
| Combined Trump Org shares as % of Common Stock Outstanding After Offering | 21.6% |
A few notable items about the Trump Organization selling stockholders:
- Donald Trump Jr. and Eric Trump own almost 3.3 million shares of common stock prior to the offering and the maximum number of shares to be sold is 2.9 million shares.
- Based on the recent $4 stock price for Dominari Holdings (DOMH), the 3.3M shares owned prior to the offering are worth over $13 million.
- Approximately 5 million shares owned cumulatively by five Trump Org executives prior to the offering are worth over $20 million.
- The 5 million shares owned by Don Jr, Eric and the other 3 Trump Org executives represent almost 30% of the 17.35 million shares of common stock offered in the prospectus – and more than 20% of the 23.24M shares outstanding after the offering.
Below is the full list of all selling stockholders with the largest ones noted below:
- The largest stockholder is Dominari Holdings CEO Anthony Hayes with 2.3M+ shares.
- The second largest stockholder is Blue Finn Group LLC with 2.2M+ shares – I reported here on Blue Finn run by Peter Benz and his links to Unusual Machines and others.
- The third largest stockholder is Dominari President Kyle Wool with 1.7M+ shares.
- The fourth and fifth largest stockholders are Don Jr. and Eric Trump with 1.6M+ shares each.
- The sixth largest stockholder is Eleven Ventures LLC with just under 1M shares – I reported here on this firm run by Hartley Wasko.
It is clear that the Trump family and Trump Organization have turned off the brakes on avoiding conflicts of interest and are moving full speed ahead on profiting off the presidency. And, unfortunately, the media is spread thin covering the barrage of stories of destruction and harm caused as Trump, his administration, Musk and DOGE dismantle the government and target innocent and vulnerable people.
But it is still essential to follow the money and to report on the business connections and network around Trump and his family – especially new business partnerships like Dominari Holdings.