In mid-October in Concord, North Carolina, Eric Trump introduced his father to a crowd of Christian faith leaders. He talked about how he believed God had saved his father from an assassination attempt, suggested that the thrice-married billionaire would help the U.S. “return to a nation of faith”—and also slipped in a little business promotion. “To our incredible team from Trump National [Golf Club] Charlotte sitting over here—by the way, we’re just down the road on Lake Norman!—I love you,” he told the rally to cheers.
Since his dad was drummed out of office, Eric has cemented his leadership of the Trump Organization, which he first joined in 2006. While he helps out with politics here and there, doing plenty of Fox News hits and the occasional rally appearance, he’s never dived into it full-bore. His brother, Donald Trump Jr., on the other hand, remains an executive at the company but has embraced the political spotlight, with a conservative podcast and other ventures—as has Eric’s wife, newly minted Republican National Committee chair Lara Trump. Meanwhile, Eric’s sister Ivanka, who once ran a fashion and branding empire of her own, has shunned the spotlight entirely in the last four years.
The middle path has made Eric plenty of money, and he now has an estimated net worth of around $40 million. That’s up a healthy $15 million from when we last estimated Trump’s three eldest kids’ net worth, back in 2019. His personal real estate holdings, all in Florida and New York, have almost doubled in value, and his estimated liquid assets have surged thanks to a record-high stock market and five more years of salary and payments from the Trump business empire.
Eric began working for his dad in 2006 after earning a finance and management degree from Georgetown University. A year later, he bought his first apartment—from his dad—for $2 million in the glitzy Trump Parc building across the street from Central Park’s southern end. He got the money to do so from his dad, too, thanks to a sweetheart loan with an interest rate around 1%. In 2009 and 2016, Eric bought two more units on the same floor for $540,000 and $350,000, respectively, merging all three into a nearly 2,400 square foot penthouse that Forbes estimates is worth around $3.7 million today. He bought a fourth apartment one floor down in 2016, also for $350,000, but sold it in 2021 for more than double that.
His other New York real estate includes a $1.5 million (estimated) home on the grounds of Trump National Golf Club Westchester, north of the city, as well as a stake in a hunting property in Dover, New York just a few minutes from the Appalachian Trail and the Connecticut border. But his most valuable chunk of real estate is down in Jupiter, Florida, in another Trump golf community, on the appropriately patriotic Bald Eagle Drive. He and his wife of ten years Lara purchased the 7,700 square foot mansion for $3.2 million in 2021 as the whole Trump family decamped to Florida in the wake of their election loss. It appreciated nicely with South Florida’s booming real estate market, and Forbes estimates it’s worth some $6.2 million today.
Overall, Eric’s net worth is dominated by cash built up over years of working for the Trump Organization. Despite his long career at the company, he only has partial ownership, along with his siblings, of a few small related entities—a luxury real estate brokerage firm, an online merchandise shop and similarly marginal businesses—whose profits over the years have put an estimated $25 million in his pockets since 2006. The rest comes from his salary, which—assuming he was paid similarly to Ivanka when she left the company for government work and had to file financial disclosures—was likely around $2 million in 2017 and is close to $3 million today. After taking into account all this income, taxes, likely spending and real estate transactions, Forbes estimates that he has over $30 million in liquid assets today.
Without additional side hustles to pad his bank account, though, he appears to be the least wealthy of Trump’s kids from his first marriage; Ivanka and Don Jr. are worth an estimated $50 million each. There’s some uncertainty inherent here, of course—if Eric got a major boost in compensation because he’s run the company day-to-day since 2017, he might be closer to his siblings than our estimate suggests.
His fortune also got a bump in 2022, when the family sold the Trump hotel in Washington, D.C. for $375 million, far more than analysts thought it was worth. Eric, who had a small stake, made around $4 million. But now, that’s turned into a liability: The New York attorney general sued the Trump Organization and the Trumps for fraud and misbegotten gains just a few months later, and in February, a judge found them responsible and ordered them to pay the profits back, plus interest, leaving Eric in the red. The judgment is currently being appealed. The hotel deal turned sour for the investment group that bought it, too, and the hotel was foreclosed on in August; Donald Trump lost $28 million of seller financing when the place went belly-up.
Eric’s fortune seems unlikely to go off its current track any time soon. In a recent Wall Street Journal interview, he outlined his plans for further international expansion of the Trump Organization’s hotel and golf business without indicating a desire to go into politics or another line of work himself. Meanwhile, his wife Lara makes about $160,000 a year as RNC chair, much less than Eric’s (estimated) multi million dollar salary.
His one known venture outside the Trump Organization is World Liberty Financial, a family-run crypto company that promises to “reshape the financial landscape” through decentralized finance. Details are scarce right now, but according to a “Gold Paper” WLF released, a Trump family-connected company called DT Marks DEFI LLC will get 75% of the revenues the company hauls in from whatever services it provides. That might not be much: The 22.5 billion tokens DT Marks DEFI may receive from WLF are worth around five cents total today. But if it takes off as Trump supporters buy into it, and if Eric ends up owning some of that company, he could find a new money stream outside the world of brick and mortar buildings.
Additional reporting by Dan Alexander and Chase Peterson-Withorn.