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President-elect Donald Trump’s youngest son, 18-year-old Barron Trump, has quietly incorporated a real estate business.

Newsweek reported the firm of Trump, Fulcher & Roxburgh Capital Inc. was incorporated on July 15, 2024, in Wyoming with its principal office is listed at the president-elect’s Mar-a-Lago estate in Palm Beach, Florida. However, the firm was dissolved on Nov. 14, 2024, shortly after Donald Trump won the presidential election. Cameron Roxburgh, one of the partners in this endeavor, told Newsweek the firm was dissolved to avoid creating a distraction from the elder Trump’s political return, but it will be relaunched in this spring.

Roxburgh added the new firm will be a high-end real-estate development company with properties and golf courses in Utah, Arizona and Idaho. The president-elect has no role in the business, although he provided his son advice on setting up the business.

Barron Trump is now studying at New York University’s Stern School of Business. Roxburgh is a 17-year-old studying business at Oxbridge Academy in Palm Beach who has gained attention as an investor and the third partner, Carter Fulcher, is a partner of a luxury real estate company in Idaho.

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Photo: 2019 White House photo of Donald, Melania and Barron Trump