The cryptographic bonanza of the Trump family continues to grow. Eric Trump, the president’s second son, is now worth at least 3.2 billion dollars, after the American Bitcoin shares, his cryptocurrency mining company, they triggered their market debut on Wednesday morning.
Eric Trump has 367 million shares, according to a July prospect presented before the Bag and Securities Commission. Investors negotiated shares at $ 8.81 on Wednesday morning, which gave the first child a participation that quotes in the stock market that dwarfs any of the family’s real estate properties.
Eric’s older brother, Don Jr., also participates in the business. Don Jr. was one of several people who signed an agreement attached to the prospect on the name of American Bitcoin, identifying as a investor. The document does not list its exact participation.
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Eric Trump is now a billionaire in its own right
Responsible for watching for the father’s fortune while the position, the brothers have been on a streak of agreements lately. They helped push their father to the world of cryptocurrencies with World Liberty Financial, a project that had a slow start last year but that expanded after the 2024 elections. The company has now sold an estimate of 1.4 billion dollars in Tokens, with a large part of the income, initially around 75%, which flows towards the first family.
Trump’s stems have also made deals in the real world, expanding the family licenses business, with new agreements in Saudi Arabia, the United Arab Emirates and Romania.
Eric Trump did not immediately respond to a request for comments.
This article was originally published in Forbes Us.
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