...
By Kate Plummer
Senior US News Reporter
0
Share
Newsweek is a Trust Project member
See more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.
President Donald Trump's youngest son, Barron, has incorporated a new drinks business, business documents reviewed by Newsweek revealed.
According to business registration documents filed in Florida and Delaware in January, Barron Trump and four other individuals have been named as directors of a business called Sollos Yerba Mate Inc., which one of the directors described as a "yerba mate beverage company."
Yerba mate is a caffeinated herbal tea popular in South American countries, including Argentina, Uruguay, Paraguay, and Brazil.
Read More on News
U.S. Securities and Exchange Commission (SEC)filings showed the business has $1 million in capital, which it raised through a private placement*.*
...
While Newsweek cannot verify if the Barron Trump named in the corporate filings is the same Barron Trump who is the President's son, the business is filed at an address close to the Trumps' Florida residence, and two of the company directors attended the same high school as Barron Trump. The company formation also follows previous business ventures by the 19-year-old New York University sophomore.
As his term continues, the business activities of Donald Trump's closest family members draw scrutiny partly because of questions of potential political influence.
There is no suggestion that President Trump is influencing or financing Barron Trump's venture. Donald Trump has a vast background in business and holds real estate, hotels, and golf clubs, most of which are managed through the holding company, the Trump Organization. Upon assuming office in January 2025, the Trump Organization announced that Donald Trump would not have any involvement in managing his real estate company during his second term. He appointed an outside ethics adviser, lawyer William Burck, a longtime Republican, to avoid conflicts of interest.
Newsweek reached out to the White House by email to comment on this story.
Sollos Yerba Mate Inc. was incorporated in Delaware on December 3, 2025. It was then incorporated in Florida on January 12, 2026, and registered as a foreign profit corporation, meaning a business entity incorporated under the laws of another state that has registered to do business in Florida.
Delaware is known as a business-friendly state. There is no state income tax on corporations, and a so-called "Delaware loophole" allows companies to reduce their tax burden by shifting earnings generated in other states to Delaware.
Company registration data shows the business was initially called SOULSTICE, INC., but the Florida Department of State Division of Corporations rejected this name because it was "not available."
The business was also registered with the SEC with the same directors under the name SOULSTICE, INC., on January 23, 2026.
Aside from Barron Trump, the directors of the business are listed as Rudolfo Castello, Valentino Gomez, Stephen Hall, and Spencer Bernstein. SPI Agent Solutions Inc, a company that provides corporate compliance and legal services, is listed as the company's registered agent.
Newsweek could not verify the identities of Rudolfo Castello and Valentino Gomez, but Hall, who attended the Palm Beach school Oxbridge Academy with Barron Trump, is a student at the University of Notre Dame. In a post on LinkedIn, he said he had "been working on a functional yerba mate beverage company" for 9 months. He said the company was preparing to launch to consumers in the Spring.
Bernstein, a student at Villanova University, said on LinkedIn that the company was "a lifestyle beverage brand built around clean + functional ingredients." He also attended the Palm Beach school, Oxbridge Academy, with Barron Trump.
He said in January on LinkedIn that the company "hit a major milestone and closed our seed round."
Newsweek reached out to Hall and Bernstein via LinkedIn to comment on this story.
Sollos Yerba Mate Inc. is registered to a private five-bedroom house in Palm Beach, Florida, near Trump's Mar-a-Lago Club. The property is worth over $16 million, according to home valuation data from Zillow.
Meanwhile, bottling company North Florida Bottling posted an Instagram reel which said they had been "collaborating with" Sollos Yerba Mate. It is not clear if this company is Sollos Yerba Mate Inc.'s official partner. Newsweek reached out to North Florida Bottling by email to comment on this story.
Barron Trump has previously dabbled in business. In 2025, Newsweek reported that Barron Trump had incorporated a real estate business in July 2024. In the same month. The firm was dissolved in November after Trump won the presidential election.
One of his business partners, Cameron Roxburgh, who also attended Oxbridge Academy with Barron Trump, told Newsweek the team dissolved the company, a high-end real-estate development company that was to be based in Utah, Arizona, and Idaho, to avoid media attention during the election, but that would be relaunched in the Spring. But the company remains inactive.
Barron Trump is also listed as a co-founder of the cryptocurrency venture, World Liberty Financial.
View 0 Comments
Submit Correction
View Editorial & AI Guidelines