Eric Trump is going through the most profitable phase of his business career. A trustee of the Trump Organization for the past nine years, he never had a direct stake in the family’s major real estate ventures, but found his own — and highly profitable — path to building wealth. According to Forbes magazine, in the space of a year, driven by the advance of companies linked to the cryptocurrency market, his assets jumped to around 400 million US dollars (2.12 billion reais), surpassing those of his brothers and consolidating him as the most successful heir of the clan.
According to the magazine, the basis of this fortune is American Bitcoin, a mining and digital custody company in which Eric owns 7.3%. In September, the company accumulated 3,418 bitcoins worth approximately US$320 million (1.70 billion reais). With a market value of more than US$2 billion (Reais 10.62 billion), the stake owned by the executive is estimated at US$160 million (Reais 849 million). “We have great aspirations to become the best cryptocurrency company in the world,” he said in a recent US television interview.
The financial leap didn’t just come from this company. Eric also benefited from World Liberty Financial, a digital financial services company launched by the family shortly before the presidential election. Your participation yielded approximately US$135 million (R$717 million) in personal returns, including cash, tokens, and stablecoins. The combination of these assets increased tenfold the wealth he had before his father’s return to the White House.
Forbes notes that the rise began at the beginning of the year, with the creation of American Data Centers, a company that Eric created with Donald Trump Jr. and which, a few months later, merged with the mining company Hut 8. The subsequent merger with Gryphon accelerated the growth of mining, culminating in the launch of US Bitcoin stocks in September. The shares were worth US$14.52 (R$77.04) at their peak, which would make Eric’s 68 million shares equivalent to US$1 billion (R$5.31 billion). The euphoria was, however, short-lived: prices fell and closed the week at US$2.39 (R$12.69). Despite this, the manager claims to retain all his shares and says he is “totally committed” to the sector.
Recent profits have taken a backseat to Eric’s traditional income. According to the publication, during nearly two decades at the Trump Organization, he received a salary of approximately US$3 million (15.93 million reais) and accumulated just over US$30 million (159.3 million reais) in cash. Some of this money was invested in real estate: he owns a $7 million (37.17 million reais) house in Florida, a $4 million (21.24 million reais) penthouse in Manhattan and other properties in New York. He also owns shares in Dominari Holdings, a Trump Tower-based financial company that has been involved in recent family initiatives.
The return of Donald Trump to politics further stimulated the expansion of the business run by Eric. Over the past 12 months, it has raised about $3.2 million (16.99 million reais) through licensing deals signed in the United Arab Emirates, Saudi Arabia and Vietnam, Forbes said. It is expected that in the next financial reports, profits will increase thanks to the new agreements signed in Qatar, India, Romania and the Maldives. Forbes estimates that these contracts managed by Eric total 34 million US dollars (180.5 million reais).
The family environment is also transforming: Lara Trump, his wife, recently took over a prime-time show on Fox News, a role that could bring in more than US$2 million (R$10.62 million) a year. With the family strengthened financially and politically, Eric admits to greater ambitions. He even hinted to Nikkei Asia that he might run for president in the future, but, for now, he continues to bet on cryptocurrencies as the main driver of his rise.