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Home Billionaires

Eric Trump Is Now A Billionaire In His Own Right

by Nyongesa Sande
1 month ago
in Billionaires
Eric Trump Is Now A Billionaire In His Own Right

Eric Trump is the second son of US President Donald Trump. Image by Vernon Yuen / AFP

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The Eric Trump billionaire 2025 story underscores how quickly fortunes can shift in the crypto era. On September 3, Eric Trump officially joined the billionaire ranks after his cryptocurrency mining company, American Bitcoin, made a powerful market debut.

Shares of the firm skyrocketed during its first day of public trading, briefly pushing Eric’s stake to an estimated $950 million before settling at about $590 million by the close. That value alone surpassed the worth of any individual Trump family real estate holding.

Eric, who co-founded American Bitcoin and serves as chief strategy officer, controls 73 million shares according to filings with the Securities and Exchange Commission. By day’s end, the company was valued at $7.3 billion despite employing just two full-time staff members.

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The Crypto Business

American Bitcoin operates large-scale mining operations in Texas, Alberta, and Niagara Falls, New York. The company holds about 2,443 Bitcoin, worth $275 million at current prices, though most are pledged to finance the firm’s 16,000 newly acquired mining rigs. Investors are betting more on future growth than present fundamentals, as the company’s valuation far outpaces its immediate production capacity.

Trump Family’s Crypto Push

Eric’s older brother, Donald Trump Jr., is also involved, though as an investor rather than an executive. Both sons were instrumental in launching World Liberty Financial, a Trump family crypto venture that exploded after the 2024 election. The project has already sold $1.4 billion worth of tokens, with the family capturing a large share of revenue.

Earlier this year, World Liberty Financial introduced the USD1 stablecoin, which gained credibility when a UAE-linked fund used it for a $2 billion exchange investment. The stablecoin’s value rose even further when President Trump signed a regulatory framework law in July, signaling official government support for the digital asset market.

Expanding Deals and Ventures

Beyond crypto, Eric and Don Jr. have been aggressive in expanding the family brand overseas. Licensing agreements in Saudi Arabia, the UAE, and Romania lifted revenue from $7 million in 2023 to $45 million in 2024.

They also joined the advisory board of Dominari Holdings, a financial firm that assisted in launching New America Acquisition I Corp, a $300 million SPAC targeting deals in tech, healthcare, and logistics. Their Dominari shares are valued at over $7 million each.

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Trump Jr., meanwhile, diversified further by joining the board of online gun retailer GrabAGun, which trades under ticker PEW, and advising drone manufacturer Unusual Machines. Together, these roles added another $4 million to his holdings.

A New Billionaire Era

Eric Trump’s leap into billionaire status marks a turning point for the Trump family’s wealth strategy. While real estate has always been the foundation, cryptocurrency and licensing are now the driving engines of growth. With American Bitcoin’s valuation soaring and World Liberty Financial gaining momentum, the Eric Trump billionaire 2025 milestone cements the family’s transformation into major players in global finance and digital assets.

Tags: American Bitcoin IPOEric Trump billionaire 2025Eric Trump net worthTrump family crypto
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Nyongesa Sande

Nyongesa Sande

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