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Eric Trump

Eric Trump is an American businessman and the second son of US President Donald Trump; he has long served as an executive at the family business, the Trump Organization, and ran it with his older brother while his father was president. Since 2024 he has been one of the main public faces of the Trump family’s crypto businesses, co-founding World Liberty FinancialWorld Liberty FinancialWorld Liberty Financial is a crypto finance venture launched in September 2024, co-founded by members of the families of US President Donald Trump and Steve Witkoff, among others; it issues the governance token WLFI and offers the US dollar stablecoin USD1 as its main product. Over the Trump family’s large income from token sales, foreign investors taking stakes, and regulatory approvals, it has faced ongoing conflict-of-interest questions from members of the US Congress and ethics watchdogs; the company and the White House have denied any wrongdoing.Open the full entry and the Bitcoin mining company American Bitcoin.

Contents29 sections
Key facts

Early Life: Upbringing and Secondary School

Eric Frederick Trump was born on January 6, 1984, in New York City, where he grew up. He attended the private Trinity School until 1995, and in 1997 transferred to the Hill School in Pottstown, Pennsylvania.⁠[1][1][1][1]

Graduating From Georgetown University and Joining the Trump Organization

After secondary school, he attended Georgetown University in Washington, D.C., graduating with honors in 2006 with a degree in finance and management.⁠[1][1]

In 2006, after a post-graduation trip, he returned to New York and joined the Trump Organization as executive vice president of development and acquisitions, responsible for expanding the company’s real estate portfolio; during his tenure the Trump Golf Collection grew from three properties to 19. As of 2024, he was also president of Trump Winery, a winery in Charlottesville, Virginia, overseeing winemaking, marketing, and sales.⁠[1][1][1]

Founding the Eric Trump Foundation

In 2007, he founded the Eric Trump Foundation, a public charity, to raise money for St. Jude Children’s Research Hospital in Memphis, Tennessee, mainly by holding an annual golf invitational at the family’s Trump National Golf Club in Westchester County, New York.⁠[2][3][3]

Judge on Celebrity Apprentice

From 2010 to 2015, he served as a judge on NBC’s reality show Celebrity Apprentice alongside his father and his older siblings. In 2012, Forbes named him to its “30 Under 30” list in real estate.⁠[1][1]

Ending Fundraising for the Foundation

In 2016, he announced that effective December 31, 2016, he would cease all direct fundraising for his foundation, describing it as a voluntary decision to avoid the appearance of impropriety or a conflict of interest during his father’s presidency. St. Jude wrote to the foundation at the time confirming that the foundation and its affiliated events had raised or helped raise $16.3 million for the hospital; public tax records show that the foundation directly donated about $8.7 million from 2007 to 2016. In 2017, the foundation was restructured as Curetivity, and its board no longer includes any members of the Trump family.⁠[1][1][2][2][2][2]

Taking Over the Family Business With His Brother

On January 11, 2017, President-elect Donald Trump announced at a press conference that he had signed documents handing “complete and total” control of his business to Donald Trump Jr. and Eric Trump, both previously executive vice presidents of the Trump Organization, with then chief financial officer Allen Weisselberg assisting them in running it; Trump’s lawyer said the company would make no new foreign deals during his presidency. The brothers were also named directors of a trust holding the family business interests.⁠[4][4][4][4][1]

Investigation Into the Foundation’s Finances

In June 2017, Forbes published an investigative report saying that the foundation’s golf tournaments had at first used the Trump course free of charge, but that from 2010 the Trump Organization began billing the foundation, with the cost of the one-day event rising from less than $50,000 to $322,000 in 2015, far above the roughly $100,000 Eric Trump had told reporters. The office of New York Attorney General Eric Schneiderman then said it had opened an investigation into the matter. In a tweet on September 7, 2020, Eric Trump said the foundation had raised nearly $25 million for St. Jude before he turned 30, with an expense ratio of just 9.2%.⁠[3][3][3][3][2][2]

Testifying in a New York Civil Investigation

In September 2020, he was questioned under oath in a video deposition as part of the New York attorney general’s civil investigation into whether the Trump Organization’s real estate businesses had committed fraud.⁠[1]

Trial Ruling in the Civil Fraud Case

New York Attorney General Letitia James sued, alleging that from 2011 to 2021 Donald Trump and his business made more than 200 false valuations in financial statements to obtain more favorable business, insurance, and lending terms; Donald Trump and his two older sons were accused of knowingly participating. On February 16, 2024, Justice Arthur Engoron ruled that Donald Trump and his business must pay about $355 million, that Eric Trump and Donald Trump Jr. were each liable for $4 million, and that they were barred for two years from similar leadership roles at New York companies.⁠[5][5][5][5]

Co-Founding World Liberty Financial

In September 2024, World Liberty Financial, the Trump family’s crypto finance venture, was established, with Eric Trump among its co-founders.⁠[6][6]

Signing the UAE Investor’s Stake Deal (Disclosed in 2026)

On February 1, 2026, The Wall Street Journal reported that Aryam Investment 1, an investment entity backed by UAE national security adviser Tahnoon bin Zayed Al Nahyan, had agreed in January 2025 to purchase a 49% stake in World Liberty Financial for $500 million, that the agreement was signed by Eric Trump, and that $187 million of the upfront payment went to Trump family-controlled entities. World Liberty Financial and the White House both denied any wrongdoing, saying President Trump was not involved in the deal.⁠[7][7][7][7]

Suing Capital One

On March 7, 2025, the Donald J. Trump Revocable Trust and Eric Trump sued Capital One in Florida, alleging that the bank’s March 2021 notice that it would close hundreds of Trump-affiliated accounts without any recourse reflected politically motivated “debanking” that violated consumer protection laws in several states. In August 2026, Capital One asked the court to dismiss the suit, arguing that the closure of more than 300 accounts was a decision made by its anti-money-laundering team after months of review and not for political reasons; the federal court in Miami had previously twice dismissed the plaintiffs’ complaint but allowed them to file amended versions.⁠[8][8][8][9][9][9]

Becoming a Strategic Adviser to Metaplanet

On March 21, 2025, Japanese investment firm Metaplanet announced the appointment of Eric Trump as the first member of its newly established Strategic Board of Advisors, citing his experience in real estate, finance, and brand development; the company then held 3,050 bitcoin.⁠[10][10][10][10]

Founding American Bitcoin

On March 31, 2025, Bitcoin mining and energy infrastructure company Hut 8 announced that it had contributed the majority of its own mining machines to American Data Centers, Inc., a company formed by investors including Eric Trump and Donald Trump Jr., in exchange for an 80% stake; the latter was renamed American Bitcoin and focuses on industrial-scale Bitcoin mining and building a strategic Bitcoin reserve. Eric Trump serves as co-founder and chief strategy officer.⁠[11][11][11][11][11]

Announcing the USD1 Deal at TOKEN2049 Dubai

On May 1, 2025, during a panel discussion at TOKEN2049TOKEN2049TOKEN2049 is a global series of cryptocurrency and Web3 industry conferences that originated in Hong Kong; as of October 2026 it centers on its Singapore and Dubai editions and has announced a New York edition to be added in June 2027. The Singapore edition is held at Marina Bay Sands, coinciding with the Formula 1 Singapore Grand Prix.Open the full entry in Dubai, Eric Trump announced that Abu Dhabi investment firm MGX’s $2 billion investment in Binance would be settled in World Liberty Financial’s stablecoin USD1. In the same session he criticized the inefficiency of the traditional financial system, calling it “a joke” that banks operate nine to five, Monday to Friday, and said crypto makes banks redundant.⁠[12][12][12]

Groundbreaking for a Vietnamese Golf Project

On May 21, 2025, Eric Trump and Vietnamese Prime Minister Pham Minh Chinh held a groundbreaking ceremony in Hung Yen province outside Hanoi for a $1.5 billion luxury residential and golf development by the Trump Organization and local developer Kinhbac City, including three 18-hole golf courses. The project was approved a week before the groundbreaking, while Vietnam was negotiating tariffs with the United States; Eric Trump said the projects in Vietnam would be “the envy of all of Asia and of the entire world.” Some local farmers expressed concern about compensation for their land, and Chinh said they would be compensated fairly.⁠[13][13][13][13][13][13]

Launching Trump Mobile

On June 16, 2025, Eric Trump and Donald Trump Jr. announced the launch of the mobile brand Trump Mobile at Trump Tower in New York. The service operates as a mobile virtual network operator on existing 5G networks, emphasizing American manufacturing and US-based customer service, with the T1 plan priced at $47.45 per month and a gold T1 phone planned. Critics questioned whether, like other Trump family businesses, it posed conflicts of interest.⁠[14][14][14][14][14]

ALT5 Sigma Transaction and Board Observer Role

On August 11, 2025, Nasdaq-listed ALT5 Sigma announced a transaction with World Liberty Financial of about $1.5 billion combining a cash raise and a token-for-stock exchange, and said it would appoint Eric Trump as a director and Zach Witkoff as chairman. On the 29th of that month, ALT5 disclosed that, after discussion with Nasdaq and in order to comply with its listing rules, Eric Trump had instead been designated a board observer rather than a director.⁠[6][6][15][15]

Appeals Court Throws Out Massive Penalty

On August 21, 2025, the First Judicial Department of the New York Appellate Division threw out the massive financial penalty against Donald Trump, with a majority of the judges finding it excessive; together with the penalties against company executives including Eric Trump and Donald Trump Jr., the total had come to about $527 million with interest. The court upheld the trial court’s fraud finding and the punishments barring Donald Trump and his two older sons from corporate leadership roles for several years, which had been paused during the appeal; the case could still be appealed to the New York Court of Appeals, the state’s highest court. The Trump side claimed “TOTAL VICTORY,” while Attorney General James said the ruling affirmed that Donald Trump, his company, and two of his children are liable for fraud. The defendants have consistently denied wrongdoing.⁠[16][16][16][16][16][16][16][16]

American Bitcoin Lists on Nasdaq

On September 3, 2025, after completing a stock-for-stock merger with Gryphon Digital Mining, American Bitcoin began trading on Nasdaq under the ticker ABTC. Eric Trump called it a “historic milestone” in bringing Bitcoin into the core of US capital markets.⁠[17][17]

Publishing the Memoir Under Siege

On October 14, 2025, Threshold Editions, an imprint of Simon & Schuster, published his 288-page memoir, Under Siege: My Family’s Fight to Save Our Nation, which recounts his roles in the 2016 and 2024 presidential campaigns, his response to lawsuits, and his running of the Trump Organization.⁠[18][18]

Adviser to a Special Purpose Acquisition Company

The special purpose acquisition company New America Acquisition I Corp. completed its initial public offering on December 5, 2025, raising $345 million. Eric Trump and Donald Trump Jr. serve on its advisory board, and Eric Trump holds an indirect interest in 3 million founder shares through the sponsor.⁠[19][19][19][19]

Responding to Justin Sun’s Lawsuit

On April 22, 2026, Justin Sun sued World Liberty Financial over the freezing of his tokens. Eric Trump responded, “The only thing more ridiculous than this lawsuit is spending $6 million on a banana duct-taped to a wall,” and said he was proud of the team.⁠[20][20][20]

American Ventures Registration Statement

A registration statement for the special purpose acquisition company American Ventures Acquisition Corp. I, filed with the US Securities and Exchange Commission on June 9, 2026, lists Eric Trump as an expected member of its advisory board and describes him as president and CEO of the Trump Organization, saying he oversees the company’s global operations and growth and invests in fields including energy, cryptocurrency, artificial intelligence, and robotics.⁠[21][21][21][21]

Signing a Passivity Commitment for the Trust Bank

On August 14, 2026, the Office of the Comptroller of the Currency granted preliminary conditional approval for World Liberty Financial to establish a national trust bank. The approval was accompanied by passivity commitments from three indirect investors in the holding company, WLTC Holdings LLC, one of them signed by Eric Trump, pledging not to seek board seats, attempt to influence management decisions, or use material nonpublic information.⁠[22][22][22]

Report on Defense Contracts and Its Deletion

On October 7, 2026, ABC News published an analysis saying that defense companies in which Eric Trump and Donald Trump Jr. had invested or had business ties had received more than $6 billion in active or promised government contracts since the brothers invested; the largest example was Anduril IndustriesAnduril IndustriesAnduril Industries is a defense technology company headquartered in Costa Mesa, California, United States, co-founded in 2017 by Palmer Luckey and several former Palantir and Oculus employees. It develops autonomous drones, unmanned undersea vehicles, border surveillance towers, counter-drone systems, and the Lattice command-and-control software, and builds its own large-scale weapons manufacturing facilities. As of May 2026, the company was valued at $61 billion.Open the full entry: 1789 Capital1789 Capital1789 Capital is a venture capital and investment management firm headquartered in Palm Beach, Florida, United States, founded by Omeed Malik, Chris Buskirk, and Rebekah Mercer, with Donald Trump Jr. as a partner since November 2024. The firm has invested in several defense and technology companies that have received US government contracts, drawing inquiries from congressional Democrats, and the firm has denied any conflict of interest.Open the full entry, a venture capital firm where his older brother is a partner, had taken part in Anduril’s June 2025 funding round, and under the project announced the day before for Anduril’s new submarine component plant in Maryland, the Navy would contribute $2.9 billion. The report also mentioned the drone company Powerus, whose spokesperson said the brothers’ interest was indirect, held through the investor American Ventures. Congressional Democrats are pushing the Pentagon’s inspector general to investigate the deals.⁠[23][23][23][23][23][23]

A spokesperson for the brothers said the two have invested independently across industries for decades and “do not seek to influence, direct, or participate in any government decision, procurement, award”; a Pentagon official said no company receives preferential treatment and that outside affiliations and political connections play no role in funding decisions. 1789 Capital spokesperson Alexa Henning said the report had conflated the total funding round with 1789’s investment, denied that the firm holds a “major stake” in Anduril, and said several of the companies had received government contracts during the Biden administration. ABC News deleted the report less than a day after publication, without a public correction or explanation.⁠[24][24][24][24][24][24][24]

Discussing AI and Crypto at TOKEN2049 Singapore

That same day, speaking as a co-founder of World Liberty Financial at the TOKEN2049 conference in Singapore, Eric Trump said, “The thing that’s going to spawn the growth of digital assets by far the quickest is actually the AI trade,” and that “the faster our kind of friends on the other side of the aisle in AI can sprint toward their goal, the better this industry is going to do.” He said that over the past year capital had rotated out of crypto into AI, putting downward pressure on the prices of Bitcoin and other assets, and that with Bitcoin’s rebound above $80,000, money was flowing back into crypto and would continuously cycle between the two.⁠[25][26][26][25][26][26]

He envisioned AI agents booking hotels and trips for users directly with digital wallets and stablecoins, bypassing traditional fiat channels; he also said the Trump Organization was exploring stablecoins for payroll and internal payments, argued that tokenizing real estate, art, and music revenues could let ordinary people take part in investments previously reserved for the wealthy, and said that big banks are now racing to embrace crypto, adding, “today we could all declare victory.”⁠[25][27][26][26][26]

Related Organizations, Websites, and Public Accounts

Sources

  1. Eric Trump (opens in a new window)
  2. Fact-checking a false Instagram post about Eric Trump, St. Jude fundraising (opens in a new window)
  3. New York to probe money shifted from Eric Trump charity to father’s company (opens in a new window)
  4. Trump hands 'total' control of business to sons (opens in a new window)
  5. Trump ordered to pay over $355M for fraudulent business practices in New York (opens in a new window)
  6. ALT5 Sigma Corporation Form 8-K (August 11, 2025) (opens in a new window)
  7. UAE-Backed Investor Took 49% Stake in Trump-Linked Crypto Firm for $500M (opens in a new window)
  8. Trump organizations sue Capital One over debanking allegations (opens in a new window)
  9. Capital One says it closed Trump Organization’s accounts after anti-money laundering probe (opens in a new window)
  10. Metaplanet Appoints Eric Trump to Newly Formed Strategic Advisory Board (opens in a new window)
  11. Hut 8 and Eric Trump Launch American Bitcoin to Set a New Standard in Bitcoin Mining (opens in a new window)
  12. Eric Trump: USD1 will be used for $2B MGX investment in Binance (opens in a new window)
  13. Trump Organisation breaks ground on $1.5 billion golf club in Vietnam (opens in a new window)
  14. Trump Mobile: New family-branded phone service launched in US (opens in a new window)
  15. ALT5 Sigma Corporation Form 8-K (August 25, 2025) (opens in a new window)
  16. Appeals court throws out massive civil fraud penalty against President Donald Trump (opens in a new window)
  17. American Bitcoin Debuts on Nasdaq as “ABTC” (opens in a new window)
  18. Under Siege: My Family's Fight to Save Our Nation (opens in a new window)
  19. New America Acquisition I Corp. Form 10-K for the fiscal year ended December 31, 2025 (opens in a new window)
  20. Trump Family's World Liberty Financial Sued for Extortion (opens in a new window)
  21. American Ventures Acquisition Corp. I Form S-1 Registration Statement (opens in a new window)
  22. OCC grants World Liberty Trust a preliminary trust charter, with notable smallprint (opens in a new window)
  23. Donald Trump Jr. and Eric Trump Have Vested Interest in Defense Companies Tied to More Than $6 Billion in Contracts (opens in a new window)
  24. ABC deletes report on Trump sons’ investment ties to companies with $6B in DOD contracts (opens in a new window)
  25. Eric Trump says AI investment will be the fastest driver of digital asset growth (opens in a new window)
  26. Eric Trump Says AI Spending Will Be Crypto's Fastest Growth Engine (opens in a new window)
  27. Eric Trump says AI boom could drive a major cryptocurrency surge (opens in a new window)
  28. Trump Collaborator, Bill Zanker, Downplays Wallet Kerfuffle (opens in a new window)