Eric Trump’s Net Worth and Salary: Eric Trump is an American businessman and philanthropist with a net worth of $ 300 million. Eric is probably best known for being Donald Trump’s second son. Eric has often appeared with his father on the reality TV show “The Apprentice”. Following his father’s involvement in politics and his victory in the 2016 US presidential election, Eric has become a vocal and public supporter of the Trump presidency. He is also a successful businessman and plays a key role in the Trump organization.
Youth: Eric Frederick Trump was born January 6, 1984 in New York City. Eric is Donald’s third child with ex-wife Ivana Trump. His father and Ivana divorced when he was eight, and he grew very close to his siblings as they supported each other during this emotional time. He also became close to his maternal grandparents following his mother’s separation from Donald, and he spent his summers in Czech throughout his childhood. While in Czech, Eric’s grandfather taught him important life skills, such as hunting and fishing.
Like his father, Eric attended Hill School, a co-ed preparatory boarding school located in Pennsylvania. He would have arrived at school with only one bag and a lamp. His classmates described him as “in good spirits” and he displayed a talent for woodworking during his school years. During the summers he helped out in the family business and worked on various construction sites with his brother as a laborer.
During this time, he also observed his father conducting negotiations and other important affairs. By the time he finished high school, Eric Trump knew he wanted to join the family organization. Although his older siblings went to the University of Pennsylvania, Eric decided to go to Georgetown University instead. While in Georgetown, he obtained a degree in finance and management.
The Trump organization: Eric Trump became a staple of the Trump organization as early as 2006. He advocated the large-scale purchase of various properties after the 2008 stock market crash, and he took advantage of insanely low house prices during that time. With Eric’s insistence, the Trump Organization bought as many properties as it could. Today, Eric serves as executive vice president of developments and acquisitions for the Trump organization. He has been involved in various projects, including the renovation and redesign of the Trump National Doral in Miami.
The Covid-19 pandemic has caused a significant decline in the Trump organization. In 2020, it was announced that the National Doral had been forced to fire more than 500 employees following quarantine protocols. Some have estimated that the Trump organization is losing up to $ 1 million a day to the virus.
With Eric Trump at the wheel, the Trump organization aimed to focus on luxury hotel properties in the future, as well as the stable revenue generated from office space. In addition, plans were made to sell stakes in office towers located in New York and San Francisco. Many sources said these actions helped the Trump organization “weather the storm” of the coronavirus.
Television: Outside of his duties with the Trump organization, Eric Trump has appeared frequently on “The Apprentice”. Eric was a boardroom judge for his father’s reality TV show for five years, appearing in 23 episodes from 2010 to 2015.
Salary: According to financial information released by Ivanka Trump, the three siblings have earned around $ 35 million each in salary over the past two decades. Donald, Ivanka and Eric don’t technically have a stake in the vast majority of their father’s businesses yet. However, they each own 7.5% of the Trump International Hotel in Washington DC.
Philanthropy: Outside of the business world, Eric is a very active philanthropist. He is the founder of the Eric Trump Foundation, an organization that has successfully raised tens of millions of dollars for Saint Jude Children’s Hospital. Eric Trump is also a member of the hospital’s board of directors, which includes a wing bearing his name. To date, the Eric Trump Foundation has raised more than $ 25 million for the hospital that helps children with life-threatening illnesses.
There is, however, a controversy regarding the way Eric manages charities. Some claim that Eric is “giving back” money to members of the Trump family, and some of the funds have been redirected to various projects, such as golf courses. Following these allegations, the New York State Attorney General’s office launched a formal investigation into the Eric Trump Foundation.
Personal real estate: Eric’s primary residence is a four-unit apartment above Central Park in a building called Trump Parc East. He also owns a duplex on the grounds of the Trump National Golf Club in Westchester County, New York.
In 2018, it was reported that Eric Trump and Donald Trump Jr. had purchased a property in the iconic Mar-a-Lago resort for $ 18.5 million. The two brothers bought the property through a limited liability company, with Eric Trump as chairman. Trump Jr. is vice president of the LLC. The property was originally owned by their aunt, Maryanne Trump Barry.
The sprawling property was built in 1956 and boasts over 194 feet of ocean frontage. Maryanne Trump Barry bought the mansion in 2004 for $ 11.5 million, and she owned it through a trust before selling it to her nephews. The property includes a swimming pool, a veranda and an extensive library. It is also directly across from another property owned by their father, Donald Trump.
Family life: In 2008, Eric Trump met Lara Yunasaka at a bar. Yunasaka is a producer for “Inside Edition”. After dating for many years, the two got married in 2014 in Mar-a-Lago. As of this writing, they have two children. Eric and his wife have been called the “most normal” members of the Trump family.