President Donald Trump reported $59.5 million in foreign real estate licensing income in 2025, up 71% from 2024 and nearly tenfold from 2023:
- Nearly two-thirds came from Gulf projects, including $25.8 million tied to Saudi Arabia’s Dar Al Arkan and its subsidiaries and $11.3 million connected to Dubai-based Emirati developer Damac:
- Some developers licensing the Trump name were also seeking U.S. investments, government approvals or favorable relations:
- Ethics watchdogs said the deals create conflicts between Trump’s political leadership role and private interests:
Trump’s foreign real estate licensing business boomed during his first year back in office, generating $59.5 million in 2025 as international developers paid a premium to brand luxury towers, golf courses and coastal resorts with the Trump name:
Foreign licensing revenue, including for the use of the Trump name on properties around the world, rose 71% from 2024:
The Trump Organization stated it operates "completely separate from the presidency" and complies with ethics and conflict-of-interest laws:
