Eric Trump
In the reporting: The president's son, who helped sign away 49 percent of World Liberty Financial four days before his father's second inauguration, and who appears with Donald Trump Jr. in reporting on a Kazakh tungsten investment and on the Florida drone maker Powerus.
Last updated Nov. 6, 2026
This page collects what Letters of Junius has published about this person’s public role, and grows as the reporting does. Inclusion is not an allegation of wrongdoing. Where someone has denied or answered a claim, the response appears with it. Each entry links to the original source and to the article it appears in.
World Liberty Financial and the Aryam stake
- Reported
Four days before Donald Trump was sworn in for a second time, in January 2025, Eric Trump helped sign away nearly half of World Liberty Financial, the crypto company the Trumps run with the family of Steve Witkoff. The buyer, a company called Aryam Investment 1, paid $500 million for 49 percent. Half the money came upfront: about $187 million to Trump family entities and at least $31 million to the Witkoffs, according to the Wall Street Journal, which uncovered the deal a year later. Behind Aryam stood Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates' national security adviser; executives from his artificial intelligence company, G42, helped run Aryam and took seats on World Liberty's board.
Source: The Block, summarizing the Wall Street Journal. From: The Sheikhs on Every Side of the Table.
ResponseAsked about the Emirati deal in February 2026, the president said he hadn’t known about it. “My sons are handling that, my family is handling it,” he said. “And I guess they get investments from different people.”
- Reported
In August 2026, federal regulators conditionally approved a national trust bank for World Liberty. Tahnoon and his co-investors own 49 percent of that bank's parent company, the Journal reported. As of October 2026, the bank was still waiting on final approval.
Skyline Builders and the Kazakh tungsten project
- Reported
On Oct. 31, 2025, a company called Skyline Builders agreed to pay $20 million for 20 percent of the company that holds a Kazakh tungsten project, which its developer calls the world's largest known undeveloped deposit. Donald Trump Jr. and Eric Trump had been buying stakes in Skyline through a shell company, the Financial Times reported.
- Reported
Six days later, Kazakhstan signed a critical-minerals agreement with the United States and announced it would join the Abraham Accords. The same day, the project announced that two US government lenders, the Export-Import Bank and the Development Finance Corporation, had signaled interest in financing it; together they have signaled up to $1.6 billion.
Source: Al Jazeera; Business Wire. From: The Same Deal, Made Eight Times.
- Reported
The New York Times has counted at least 14 critical-minerals projects or companies with ties to the Trump or Lutnick families that have received, or are seeking, more than $8.9 billion in federal support.
Source: Mediaite, citing The New York Times. From: The Same Deal, Made Eight Times.
Powerus
- Reported
In March 2026, Powerus, a Florida drone maker, announced a deal that could give Eric Trump and Donald Trump Jr. sizable equity stakes. By April 2026, it was pitching drone interceptors to Gulf states under Iranian attack, The Associated Press reported.
Source: The Associated Press, via KSAT. From: The War Behind the War.
ResponsePowerus denied any conflict of interest when the deal was announced.
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Photo: Xuthoria, CC BY-SA 4.0, via Wikimedia Commons
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