Eric Trump becomes billionaire after American Bitcoin shares surge

Shares of American Bitcoin Corp, co-founded by U.S. President Donald Trump’s son Eric Trump, jumped after their market debut, boosting his stake to about $950 million, Forbes reported.

The company is valued at $7.3 billion and held 2,443 bitcoins worth $275 million as of Sept. 1.

Earlier, the WSJ said the Trump family made about $6 billion from WLFI cryptocurrency.