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Trump’s Son Erases $600M of Family Wealth After Crypto Bet Backfires

Eric Trump posted a cringeworthy bid for his dad’s approval just hours before news of the staggering loss broke.

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The Swamp
Jul 09, 2026
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Donald Trump Jr, Eric Trump
Photo Illustration by Eric Faison/The Daily Beast/Getty Images/Google

One of Donald Trump’s sons got ahead of reports that he lost the first family more than $600 million by posting a cloying online tribute to his father.

“I am deeply honored that at 5:01 a.m., Trump Force One will be the first plane to land at the newly renamed Palm Beach International Airport—now and forever President Donald J. Trump International Airport,” Eric Trump wrote on X in the early hours of Thursday morning.

American Bitcoin Corp
Photo credit: Google Finance

“There is no person who has done more for Florida and our country, and no one more deserving of this incredible honor,” he went on. “As a son, and someone who flies out of this airport nearly every day, I will forever be proud to see the initials ‘DJT’ on my boarding pass. Congratulations Dad — I’m happy to have played a big role in making this happen.”

Eric Trump post
Photo credit: X/Eric Trump

Eric Trump spearheaded efforts to rename the airport in his father’s honor. He also, according to a Bloomberg report published less than two hours after his post, played a big role in wiping hundreds of millions of dollars from his family’s holdings with a disastrous bet on the crypto industry.

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