Dominari Posts Soaring Revenue After Eric and Donald Trump Jr. Join Board
By Nicholas G. MillerDominari Holdings posted skyrocketing revenue in its first full quarter since Eric and Donald Trump Jr. joined its board.The investment bank, which leases space in Trump Tower, said second-quarter revenue more than quintupled to $34.1 million. It closed 46 transactions in the quarter, raising more $288.9 million.In February, President Trump's sons, Eric and Don Jr., joined the company's advisory board. Dominari's stock has surged ever since, quintupling to $5.50 so far this year.Chief Executive Anthony Hayes and President Kyle Wool received stock options this year now worth $26.1 million as of June 30, according to SEC filings.During the first months of Trump's presidency, the Trump family has increasingly moved into financial ventures, including cryptocurrencies and public companies. Dominari said one of its second-quarter transactions was raising $92.5 million for American Bitcoin, a cryptocurrency company Eric and Donald Trump Jr. are investors in.The Trump sons' "guidance is expected to be instrumental as we continue to seek attractive investment opportunities, particularly in the rapidly evolving AI and Data Center sector," Wool said in a statement in February.Write to Nicholas G. Miller at [email protected].