Eric Trump Net Worth
Eric Trump has an estimated net worth of $300 million. Eric Trump, the second son of former U.S. President Donald Trump, is a businessman and founder of the Eric Trump Foundation. He earns most of his income from his career as an American football player and actor.
Eric Trump is the second son and third child of former United States President Donald Trump and socialite Ivana Trump. Trump joined the Trump Organization in 2006, and from 2010 to 2015, he served as a judge on NBC’s Celebrity Apprentice alongside his father, older brother Donald Trump Jr., and older sister Ivanka Trump. Following his father’s successful presidential campaign in 2016, he and his older brother Don Jr. were named directors of a trust that holds the family’s business interests.
To calculate the net worth of Eric Trump, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$300 Million|
|Monthly Salary:||$70 Thousand|
|Annual Income:||$1 Million|
|Source of Wealth:||American football player, Entrepreneur, Actor, Screenwriter|
Eric Frederick Trump was raised in New York City and attended Trinity School until 1995. He spent most of his childhood free time with his older siblings, Don and Ivanka, rather than his busy parents. The trio also spent most of their childhood summers in Czechoslovakia with their maternal grandparents, who lived a rustic lifestyle.
After their parents’ public divorce in 1991, when Trump was seven years old, all three children continued to live in New York City with their mother Ivana. They were later sent to boarding school, with Trump joining Don in 1997 at the Hill School in Pottstown, Pennsylvania.
After high school, Trump defied family tradition by enrolling at Georgetown University in Washington, D.C., rather than the University of Pennsylvania, as his father, brother, and sister had done. During their college years, Trump and Don spent their summers working on their father’s many construction sites, including their own home in Westchester. Trump earned an honors degree in finance and management from Georgetown University in 2006.
Joining the Trump Organization
Trump spent some time traveling after graduation after forging his own path in college. However, he returned to New York City in 2006 to join the Trump Organization as executive vice president, development and acquisitions. He assumed responsibility for expanding the company’s real estate portfolio and grew the Trump Golf Collection from three to 19. Forbes named Trump one of the top “30 under 30” real estate professionals in 2012. Following his father’s successful presidential campaign in 2016, he and his older brother Donald were appointed to the board of directors of a trust that holds the family’s business interests.
Trump was deposed under oath in September 2020 as part of a civil investigation by New York’s attorney general into whether the Trump Organization’s real estate businesses committed fraud.
Winery in Charlottesville
The Trump Winery is one of these family business interests, and as president, “Eric oversees everything from winemaking and marketing to global distribution and sales,” according to the Trump Winery website. While answering reporters’ questions about whether he would visit Charlottesville following the violence that began with clashes at a white nationalist rally in August 2017, President Trump mentioned that he owns a house in Charlottesville — he later clarified that he was referring to the winery.
Trump Winery, on the other hand, is “a registered trade name of Eric Trump Wine Manufacturing LLC, which is not owned, managed, or affiliated with Donald J. Trump, The Trump Organization, or any of their affiliates,” according to a legal disclaimer on its website.
Eric Trump Foundation Controversy
At the age of 23, Trump founded the Eric Trump Foundation to raise funds for terminally ill children. The foundation raised tens of millions of dollars for St. Jude’s Children’s Research Hospital over the next decade, primarily through its golf invitational. Eric told Forbes that because he doesn’t have to pay to use his family’s golf courses, almost every penny raised goes to children with cancer. “We get to use our assets completely for free,” he told Forbes.
However, tax records revealed that a significant amount of charitable contributions were used to pay for events at his family’s golf venues. As the foundation became embroiled in controversy, Trump decided to withdraw from further involvement. On the website of his foundation, he stated: “I have decided to discontinue all direct fundraising efforts for my foundation as of December 31, 2016. While I resigned with sadness, it was a voluntary decision on my part to implement these measures during my father’s presidency in order to avoid the appearance or assertion of any impropriety and/or a conflict of interest.”
Trump married Lara Lea Yunaska in November 2014 at his father’s Mar-a-Lago Club in Palm Beach, Florida. Don, his older brother, was his best man.
On September 12, 2017, the couple welcomed son Eric “Luke” Trump into the world in New York City. Carolina Dorothy, their second child, was born on August 19, 2019.
Trump and his family divide their time between their Westchester home and an apartment in the Trump Parc East building on Central Park South.
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