Eric Trump's net worth is estimated at $300 million.
Overview
Eric Trump's net worth stats
| Net worth: | $300 million |
|---|---|
| Source of wealth: | Family business |
| Date of birth: | January 6, 1984 |
| Place of birth: | New York City, New York |
How did Eric Trump build his net worth?
Eric Trump, the youngest son of former President Donald Trump, arrived at his net worth through his role as an executive and trustee in the Trump Organisation. This worth includes his residences, winery, and a stake in a game reserve.
Eric Trump and his brother Don Junior have invested in foreign countries and collect payments for their U.S. properties from foreign governments.
His charity, the Eric Trump Foundation, was investigated in 2017 amid a flurry of investigations into the Trump family finances.
One of the roles handed to him was president of the Trump Winery, where he oversees all the winemaking processes. Ironically, Donald Trump is himself a teetotaller.
How has Eric Trump spent his wealth?
Eric Trump’s first property purchase was a bachelor pad — a 1,350-square-foot apartment on the top floor of the Trump Parc East development overlooking Central Park, which is rumored to have cost $2 million.
In 2016, Donald Trump used a loophole available to real estate developers to “sell” Eric two adjacent apartments in the same Parc East apartment block for $350,000 each. The apartments were advertised at $790,000, but Eric took possession at half the listed price. A pretty penny was spent converting the three apartments into one 2,675-square-foot penthouse with four bedrooms and five bathrooms.
Eric and his wife, Lara Trump, moved to Florida after putting the penthouse up for rent. He acquired a mansion in an estate in Briarcliff Manor, famous for housing billionaires like the Vanderbilts and Rockefellers. It has been impossible to find out what exactly Eric paid for his palatial home; however, as a guide, homes in the neighborhood have sold for an average of $7 million.
In 2018, Don Jr. and Eric quietly scooped up a second Palm Beach home neighboring Mar-a-Lago for a reported $18.3 million. Spread over 10,455 square feet, the “white house” boasts eight bedrooms and eight-and-a-half bathrooms. However, this was a company purchase that did not come out of either of either son’s pockets, but it’s worth a mention.
According to Business Insider, Eric bought a $3.2 million estate in Jupiter, Florida, in 2021. It’s located in a gated community owned by the former president. The marble-clad gourmet kitchen houses the latest high-end appliances from Wolf, SubZero, and Miele. Another kitchen, a pool, and a cabana bath are other features of this luxurious mansion.
There’s a lot of press on what his dad drives, but we could not find anything verifiable on how Eric gets around, but you can be certain it's not a Toyota Camry!
FAQs
How rich is Eric Trump?
Eric Trump has an estimated net worth of $300 million.
Is Eric Trump a millionaire?
Yes. Eric Trump is a millionaire, but he isn't as rich as his father.
Image: Wikimedia
