The Eric Trump billionaire milestone is now official. The second son of U.S. President Donald Trump joined the ranks of billionaires in 2025 after his cryptocurrency mining company, American Bitcoin, surged during its market debut. Shares soared on opening day, briefly valuing Eric’s stake at $950 million before closing at around $590 million—still enough to crown him a billionaire when combined with other assets.
Eric, serving as co-founder and chief strategy officer, owns 73 million shares according to SEC filings. Investors bid up American Bitcoin’s value to $7.3 billion on launch day. The company, with facilities in Texas, Alberta, and Niagara Falls, operates by mining and stockpiling cryptocurrency. It currently holds 2,443 Bitcoin, worth about $275 million. However, most of that—2,234 Bitcoins—are pledged to equipment suppliers. Despite this, the hype surrounding its expansion fueled a dramatic valuation spike.
On X (formerly Twitter), Eric celebrated the moment with: “What a morning!!” followed by fire emojis, signaling just how high-profile the launch became.
The Trump brothers are deeply involved in crypto. Donald Trump Jr., though not listed as an executive, appeared in investor agreements tied to American Bitcoin. Beyond this venture, both brothers helped steer their father into World Liberty Financial, a token project launched in 2023. That venture has now sold an estimated $1.4 billion in tokens, with a large portion of proceeds flowing to the Trump family. Earlier this year, it introduced the USD1 stablecoin, a cryptocurrency pegged to the U.S. dollar. Its value received a boost when the UAE president’s investment firm committed $2 billion to a crypto exchange using the stablecoin. President Trump further lifted confidence by signing a July law creating a regulatory framework for stablecoins.
Eric and Don Jr. have also expanded the Trump Organization’s licensing business, striking new deals in Saudi Arabia, the UAE, and Romania. Licensing revenue jumped from $7 million in 2023 to $45 million last year. Meanwhile, they joined the advisory board of Dominari Holdings, which supported them in setting up New America Acquisition I Corp, a $300 million SPAC targeting mergers in technology, healthcare, and logistics.
Donald Trump Jr. has also branched into other industries. He sits on the board of online firearms retailer GrabAGun, which trades under the ticker “PEW,” and advises drone manufacturer Unusual Machines. His stakes in these firms are now valued at over $4 million.
The emergence of Eric Trump billionaire status underscores the family’s rapid pivot from real estate into crypto, licensing, and high-growth investments. With American Bitcoin’s market success and the growing reach of World Liberty Financial, the Trump family is positioning itself as one of the most influential dynasties in both politics and global finance.
