Key Figure in Next Administration Holding Loyalty-Based Personnel Authority
Conservative Venture Capital Firm '1789 Capital'
Donald Trump Jr., the eldest son of President-elect Donald Trump and considered a key figure in the next administration, is reportedly planning to join an investment firm rather than the White House, according to The New York Times (NYT) on the 11th (local time).
According to sources, Trump Jr. recently responded at a Republican donor meeting that he plans to join the venture capital firm '1789 Capital' when asked if he intended to join the second Trump administration. Founded by Trump campaign supporter Omid Malek, 1789 Capital is a conservative venture capital firm opposing the 'work capitalism' trend, with an investment motto focused on EIG (Entrepreneurship, Innovation, Growth) instead of ESG (Environmental, Social, Governance).
Currently serving as honorary chairman of President-elect Trump's transition team, Trump Jr. is known to be deeply involved in the transition process, including loyalty checks on individuals to be appointed to the next cabinet. Last month, reports emerged that a 'blacklist' of individuals who should not be appointed in the next administration was being compiled under Trump Jr.'s leadership. Recently, through social media, he has expressed support for Trump’s diplomatic isolationism by stating that "all neocons and war hawks must be excluded from the Trump administration."
With Suzy Wiles nominated as the next White House Chief of Staff, the 'loyalist appointments' for the second Trump cabinet are officially underway, but it appears that members of the Trump family are being excluded from administration appointments one after another. Major foreign media outlets reported last week, citing sources, that Trump’s eldest daughter Ivanka and son-in-law Jared Kushner have been sidelined in the next administration. Since the end of Trump’s first term, the two have been residing in Miami, Florida, and have shown little political activity aside from appearing at various events as members of the Trump family.
Kushner served as senior advisor to the president and director of the Office of American Innovation (OAI) during Trump’s first term. In 2021, he founded the $3 billion (approximately 4.2 trillion KRW) investment fund 'Affinity Partners.' Foreign media explained that Kushner might advise on Middle East policy and appointments in the next administration, leveraging his past experience mediating the U.S. 'Abraham Accords.' Ivanka also served as a presidential advisor in the White House but is reportedly not expected to hold a position in the second term.
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