Eric Trump: A Closer Look At His Life, Wealth, And Influence

How Much is Eric Trump Worth?

Eric Trump, the well-known American businessman and philanthropist, boasts a staggering net worth of $350 million. As the second son of Donald Trump, Eric has been in the public eye since he was a young man, often making appearances alongside his father on the hit reality show, "The Apprentice." Beyond being part of a famous family, Eric has carved out his own niche in the business world, playing a pivotal role in the Trump Organization. When his father entered the political arena and won the 2016 U.S. presidential election, Eric became a passionate advocate for the Trump presidency. But let’s not forget, he’s also a shrewd businessman who continues to shape the Trump Organization’s future.

Eric Trump's Early Years

Eric Frederick Trump was born on January 6, 1984, in the bustling city of New York. He’s the third child of Donald Trump and his ex-wife, Ivana Trump. By the time Eric was just eight years old, his parents had divorced, but this didn’t stop him from forging strong bonds with his siblings. They supported each other through the emotional ups and downs of their childhood. Eric also grew close to his maternal grandparents after his parents’ split, spending many summers in the Czech Republic. It was there that his grandfather imparted valuable life lessons, teaching him skills like hunting and fishing.

Following in his father’s footsteps, Eric attended the Hill School, a coed preparatory boarding school nestled in Pennsylvania. He reportedly arrived with just a single bag and a lamp, making quite the impression on his classmates, who described him as "good-spirited." During his school years, Eric discovered a passion for woodworking. Over the summers, he immersed himself in the family business, working alongside his brother at various construction sites. Watching his father negotiate high-stakes deals during this time solidified Eric’s desire to join the family organization after high school. While his older siblings chose the University of Pennsylvania, Eric opted for Georgetown University, where he earned a degree in finance and management.

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The Trump Organization: Eric's Role

Eric Trump became an integral part of the Trump Organization back in 2006. His strategic vision led to significant property acquisitions following the 2008 market crash, taking advantage of the rock-bottom housing prices during that period. Thanks to Eric's leadership, the Trump Organization snapped up as much real estate as possible. Today, Eric holds the esteemed position of executive vice president of developments and acquisitions within the Trump Organization. He’s been instrumental in overseeing numerous projects, including the renovation and redesign of the Trump National Doral in Miami.

However, the onset of the Covid-19 pandemic dealt a severe blow to the Trump Organization. In 2020, the National Doral was forced to furlough over 500 employees due to quarantine measures. Reports suggested that the organization was hemorrhaging as much as $1 million per day because of the virus. Yet, under Eric’s guidance, the organization shifted its focus to luxury hotel properties and sought stability through office space revenue. Additionally, plans were afoot to sell stakes in office towers located in New York and San Francisco. These strategic moves reportedly helped the Trump Organization navigate the challenges posed by the coronavirus pandemic.

Eric Trump's Television Debut

Beyond his responsibilities at the Trump Organization, Eric Trump made frequent appearances on the television show "The Apprentice." For five years, Eric served as a boardroom judge for his father’s popular reality show, contributing to 23 episodes between 2010 and 2015. His presence added an extra layer of intrigue to the show, allowing viewers a glimpse into the Trump family’s business acumen.

What Does Eric Trump Earn?

According to financial disclosures provided by Ivanka Trump, Eric and his siblings have each earned around $35 million in salary over the last two decades. While Donald Jr., Ivanka, and Eric don’t technically own stakes in the majority of their father’s businesses, they do each hold a 7.5% stake in the Trump International Hotel in Washington, D.C.

Eric Trump's Philanthropic Efforts

Eric Trump isn't just a businessman; he's also a committed philanthropist. He founded the Eric Trump Foundation, an organization that has successfully raised tens of millions of dollars for Saint Jude Children's Hospital. Eric serves on the hospital’s board, and a wing is even named after him. To date, the Eric Trump Foundation has raised over $25 million to help children battling life-threatening illnesses.

However, Eric's charitable endeavors haven't been without controversy. Some critics accuse him of "re-donating" money to Trump family members and redirecting funds to projects like golf courses. These allegations prompted an official inquiry by the New York State Attorney General’s Office into the Eric Trump Foundation.

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Eric Trump's Real Estate Empire

Eric’s primary residence is a luxurious four-unit apartment above Central Park in the Trump Parc East building. He also owns a duplex at the Trump National Golf Club in Westchester County, New York. In 2018, Eric and his brother, Donald Trump Jr., purchased a property at the iconic Mar-a-Lago resort for $18.5 million. The brothers bought the property through a Limited Liability Company, with Eric serving as president and Trump Jr. as vice president. The sprawling estate, built in 1956, boasts over 194 feet of ocean frontage and includes a pool, a sunroom, and an expansive library. Originally owned by their aunt, Maryanne Trump Barry, the mansion was sold to her nephews through a trust.

Eric Trump's Family Life

In 2008, Eric met Lara Yunasaka, a producer for "Inside Edition," at a bar. After years of dating, they tied the knot in 2014 at Mar-a-Lago. The couple has two children and is often described as the "most normal" members of the Trump family. Their relationship seems to offer a glimpse into a more grounded side of the Trump dynasty.