American Bitcoin Deal Boosts Eric Trump’s Net Worth
recent trading activity following American bitcoin Corporation’s public offering has significantly increased the estimated personal wealth of Eric Trump. By the close of trading Wednesday, shares were valued at $8.04, giving Trump an estimated stake of $590 million – exceeding the value of any single real estate holding owned by his family.
American Bitcoin focuses on cryptocurrency mining and accumulation, utilizing computing power to unlock Bitcoin. The company operates facilities in Texas, Alberta, and Niagara Falls, New York, and acquired over 16,000 mining machines in August. As of September 1st, American Bitcoin held 2,443 Bitcoin, valued at approximately $275 million based on current prices. However, a substantial portion of this stockpile – 2,234 Bitcoin – is pledged as collateral to the company that supplied the mining equipment. Despite operating with only two full-time employees as of September, the company is currently valued at an estimated $7.3 billion.
Eric Trump publicly acknowledged the stock’s performance on X (formerly Twitter), posting “what a morning!!” accompanied by two fire emojis.
His brother, Don Jr., is also involved with American Bitcoin, identified as an investor in documents related to the company’s prospectus. His specific stake was not disclosed, as he does not hold an executive or board position.
The brothers have been actively involved in multiple ventures, including World Liberty Financial, a cryptocurrency project that gained traction following the 2024 election. this venture has reportedly sold $1.4 billion in tokens, with a significant portion of the initial proceeds – around 75% - directed to the Trump family. World Liberty Financial also launched the USD1 stablecoin, which received a $2 billion investment from a firm linked to the president of the United Arab Emirates, and benefited from a new regulatory framework established by the president in July.
Beyond American Bitcoin and world Liberty Financial, Eric and Don Jr. have expanded the family’s licensing business, securing new agreements in Saudi Arabia, the United Arab Emirates, and Romania, resulting in a revenue increase from $7 million in 2023 to $45 million last year. They are also associated with Dominari Holdings, a financial firm assisting with investment deals, and hold shares worth over $7 million each.Additionally, Don Jr. serves on the board of online firearms retailer GrabAGun, and as an advisor to drone manufacturer Unusual Machines, with his shares in those companies estimated to be worth over $4 million.
