Vulcan valuation estimates rose from about $200 million to about $2 billion
Reporting and findings
- estimate
ProPublica, citing Bloomberg estimates, reported that Vulcan Elements' valuation moved from about $200 million near 1789 Capital's investment to about $2 billion after the federal deal; 1789's ownership percentage and any realized return remained undisclosed.
- ProPublica: The White House Intervened to Get a $620 Million Deal for a Company Tied to Donald Trump Jr.Sections on 1789's Vulcan stake, federal financing review, White House priority request, denials, and valuation estimates
Summary and current status
The valuation change benefited the position of existing investors on paper, but the fund's undisclosed stake prevents a dollar attribution to Trump Jr. or 1789 Capital.
Private-market valuation estimates; no realized 1789 return disclosed
People and organizations
- Donald J. Trumpfather and sitting president during his sons' private investment activity
- 1789 Capitalinvestor with undisclosed stake
- Vulcan Elementsprivately valued company
- Donald Trump Jr.son and 1789 Capital partner
Relationships in this file
- Donald J. Trumpson and partner at 1789 CapitalDonald Trump Jr.
Money trail
equityEstimated valuation increaseabout $1.8 billion - Ownership holder / affected party
- Vulcan Elements shareholders