Confirmed to the BBC, he died yesterday after being involved in a 'serious collision' at Elvington Airfield in York at 4.30pm.
Mr Eisenberg, 47, a Guernsey resident who is a multiple speed record holder and millionaire fitness firm founder of Maximuscle, was killed attempting a British land speed record at an airfield he was familiar with.
He was involved in a 'near-death' 230mph crash at the same airfield in 2016.
In a statement by North Yorkshire Police it was reported that officers, along with the ambulance service attended the scene after a call to a 'serious collision'.
Elvington Airfield is also where ex-Top Gear presenter Richard Hammond crashed a jet-powered car in 2006 and left in a coma for two weeks suffering a brain injury.
An investigation into Mr Eisenberg's crash is ongoing.
Mr Eisenberg ran the Madmax Race Team, which attempts speed records with both motorbikes and cars.
He had set and attempted other speed records at the airfield and had previously suffered 11 broken bones, including his pelvis.
Despite concerns he would never walk again following his crash in 2016, he returned in 2017.
In 2019, Mr Eisenberg set the record for the fastest ever motorbike at Pendine sands, travelling at 201.5mph - a record that had been previously held by Idris Elba in 2015 and before that had stood since Sir Malcolm Campbell's record in 1927.
The British land speed record for a vehicle is currently 207.6mph and was set by racer Tony Densham in 1970.