Eric Trump’s Net Worth – $300 Million
Eric Trump is a $300 million-plus businessman and philanthropist from the United States. Eric Trump is most known for being Donald Trump’s younger brother. Eric frequently appears on the reality show “The Apprentice” with his father. Eric became a passionate and prominent supporter of Donald Trump’s leadership after his father’s participation in politics and his victory in the 2016 US Presidential election. He is also a wealthy businessman who is an important part of the Trump Organization.
Eric Frederick Trump was born in New York City on January 6th, 1984. Eric is Donald’s third child with Ivana Trump, his ex-wife. When his father and Ivana split when he was eight years old, he grew close to his siblings as they supported one another during this difficult time. Following his mother’s divorce from Donald, he got close with his maternal grandparents, and he spent his summers in Czech throughout his youth. Eric’s granddad taught him basic life skills like hunting and fishing while he was in the Czech.
Eric went to the Hill School, a coed preparatory boarding school in Pennsylvania, just like his father. He was said to have only one backpack and light when he arrived at the institution. He was hailed as “good-spirited” by his peers, and he had an aptitude for woodworking during his school years. During the summers, he assisted in the family company and worked as a worker on several building projects with his brother.
He also observed his father do negotiations and other critical business at this time. Eric Trump knew he wanted to join the Trump family business by the time he graduated from high school. Despite the fact that his older brothers attended the University of Pennsylvania, Eric chose to attend Georgetown University. He graduated from Georgetown with a degree in finance and management.
The Trump Organization is a business owned by Donald Trump.
As early as 2006, Eric Trump became an integral element of the Trump Organization. Following the 2008 market meltdown, he campaigned for large-scale property purchases, taking advantage of exceptionally cheap house prices at the time. The Trump Organization purchased as much real estate as it could at Eric’s request. Eric is now the Trump Organization’s executive vice president of projects and acquisitions. He’s worked on a number of projects, including the remodeling and makeover of the Trump National Doral hotel in Miami.
The Trump Organization suffered a huge setback as a result of the Covid-19 epidemic. In 2020, the National Doral revealed that quarantine rules had caused the company to lay off over 500 employees. According to some estimates, the infection was costing the Trump Organization as much as $1 million every day.
The Trump Organization wanted to focus on luxury hotel assets in the future, as well as dependable revenue given by office space, with Eric Trump at the helm. There were also said to be planning to sell shares in office complexes in New York and San Francisco. According to many reports, these efforts assisted the Trump Organization in “weathering the storm” of the coronavirus.
Eric Trump is featured regularly on the show “The Apprentice” outside of his responsibilities at the Trump Organization. From 2010 through 2015, Eric worked as a boardroom judge for his father’s reality program, participating in 23 episodes.
According to Ivanka Trump’s financial records, the three siblings have earned a total of $35 million in income over the previous two decades. In the great majority of their father’s enterprises, Donald, Ivanka, and Eric do not yet hold ownership stakes. They do own 7.5 percent of the Trump International Hotel in Washington, D.C., though.
Eric is a very active philanthropist outside of the corporate sector. He is the creator of the Eric Trump Foundation, which has generated tens of millions of dollars for Saint Jude Children’s Hospital in Memphis, Tennessee. Eric Trump is also a member of the board of directors of the hospital, which has a wing named after him. The Eric Trump Foundation has generated more than $25 million for the hospital that assists youngsters with life-threatening illnesses so far.
However, there is significant debate concerning Eric’s treatment of philanthropic groups. Part reports claim that Eric is “re-donating” money to Trump family members, with some of the proceeds going to golf courses. The Eric Trump Foundation has been the subject of an official investigation by the New York State Attorney General’s Office as a consequence of these claims.
Real Estate for Individuals
Eric’s principal residence is a four-unit apartment in the Trump Parc East building, which is located above Central Park. He also owns a duplex in Westchester County, New York, on the grounds of Trump National Golf Club.
In 2018, it was revealed that Eric Trump and Donald Trump Jr. had paid $18.5 million for a property at the exclusive Mar-a-Lago club. The property was acquired by the two brothers through a Limited Liability Company, which was led by Eric Trump. The LLC’s vice president is Donald Trump Jr. Maryanne Trump Barry, their aunt, was the original owner of the land.
The sprawling estate was constructed in 1956 and has a total of 194 feet of ocean frontage. The estate was acquired for $11.5 million in 2004 by Maryanne Trump Barry, who controlled it through a trust until selling it to her nephews. There is a pool, a solarium, and a large library on the site. It’s also immediately across the street from another of their father’s properties, Donald Trump’s.
Family Life: Eric Trump met Lara Yunasaka in a pub in 2008. Yunasaka is an “Inside Edition” producer. The couple married in 2014 in Mar-a-Lago after dating for many years. They have two children as of this writing. Eric and his wife have been dubbed the Trump family’s “most normal” members.