5 • 4 Ratings
🗓️ 7 November 2024
⏱️ 10 minutes
🧾️ Download transcript
Eric Trump, an executive vice president of the Trump Organization, gets most of his fortune from running his dad’s companies rather than equity in the businesses. Meanwhile, the former president’s eldest child still helps run the family business, but has been finding ways to cash in on politics in recent years.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Click on a timestamp to play from that location
0:00.0 | Hi everybody. I'm Brittany Lewis, a reporter here at Forbes. Joining me now is my Forbes colleague, |
0:08.5 | Money and Politics reporter Kyle Con Mullins. Kyle, thanks so much for joining me. Always great to be here, |
0:14.3 | Brittany. Thanks for having me. This run-up to Election Day, the Money and Politics team decided to do |
0:20.3 | the net worths of the eldest |
0:22.3 | Trump children. So right now, we are going to talk about Trump's eldest sons, Don Jr. and |
0:28.1 | Eric. So first, to start it off, just give us the hard number. How much are each of them worth? |
0:34.2 | Don Jr. is worth about $50 million. That is double the last time we estimated his |
0:39.6 | net worth back in 2019 at 25 million. And Eric is worth about $40 million. That's not quite |
0:45.0 | double, but he's up about $15 million. |
0:48.0 | Still a lot of money. So let's talk about Eric Trump first. What makes up his fortune? |
0:53.4 | So we estimate that Eric Trump first. What makes up his fortune? |
1:01.2 | So we estimate that Eric Trump has made almost all of his money essentially from his work at the Trump organization. |
1:08.8 | He hasn't gone into politics like his brother done. He didn't start his own fashion line like Ivanka did. |
1:12.2 | Eric has really stuck to, it seems like he's the one that's running the business day to day nowadays. And so, you know, that money has been |
1:19.1 | gathering up over the years. He's an executive at the company. Assuming he was paid similarly |
1:24.2 | to his sister Ivanka in 2016, we know she was making about $2 million at the time. |
1:29.7 | His salary could be up with $3 million today. |
1:32.2 | It all depends on whether he got a raise when he was the one who's now in charge day |
1:36.7 | to day or there's kind of some assumptions that have to be made here. |
1:40.5 | And then he also owns some stakes in some sort of marginal Trump businesses. There's a |
1:45.1 | consulting firm, a real estate brokerage firm. And those profits have also rebounded to him as |
1:50.6 | well, about $25 million over the years. All in all, we estimate that Eric has about $30 million |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forbes Media LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forbes Media LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.