Eric Trump Becomes a Billionaire on the Rise of American Bitcoin

Eric Trump, the second son of U.S. President Donald Trump, has joined the list of dollar billionaires thanks to the rapid growth in the capitalization of American Bitcoin, a company specializing in cryptocurrency mining and storage.

According to Forbes, at the morning peak of trading on September 3, 2025, his stake in the company reached $950 million, but by the close of the session, the value of the package had decreased to about $590 million.

American Bitcoin owns more than 16,000 mining rigs and holds 2443 BTC, which are valued at approximately $275 million. Meanwhile, the company itself, with two employees, is capitalized by the market at nearly $7.3 billion, raising doubts about the sustainability of the valuation and indicating overheated investor expectations.

The project also involves the businessman’s older brother, Donald Trump Jr., who signed documents on behalf of the company as an investor. His stake remains unknown, but both brothers are actively developing a joint cryptocurrency project, World Liberty Financial (WLFI). The company has issued its own token and stablecoin USD1, which was backed by $2 billion in investments from partners in the UAE.

According to Forbes, the U.S. President’s law on stablecoin regulation adopted in July 2025 fueled interest in WLFI and contributed to the growth in the value of assets associated with the Trump family.

In addition to the crypto sector, Eric and Donald Jr. are actively developing a licensing business. Combined revenues from international agreements in Saudi Arabia, the UAE, and Romania increased from $7 million in 2023 to $45 million a year later, becoming one of the most profitable areas for the family.

In the summer, the brothers founded SPAC New America Acquisition I Corp, planning to raise $300 million for deals in the technology and logistics sectors with the support of Dominari Holdings.

Donald Trump Jr.’s portfolio also includes positions in traditional business: a seat on the board of directors of retailer GrabAGun (ticker PEW) and participation in drone manufacturer Unusual Machines.