Foreign real-estate licensing fees Copy link

His 2025 financial disclosure shows $59.5 million in licensing revenue from foreign real-estate projects, up 71% from 2024, according to a CNBC analysis. Gulf developers paid more than 60% of it, led by Saudi Arabia's Dar Al Arkan and the UAE's Damac.

Paid by Dar Al Arkan, Damac, Qatari Diar and other foreign developers

CNBC's breakdown: Dar Al Arkan and subsidiaries $25.8M, Damac $11.3M, a Qatar golf project with state-owned Qatari Diar $5.25M, Vietnam $5M, Oman almost $1M. These are inside the total. The $59.5 million is CNBC's total of the individual license-fee lines on the disclosure. Many of the licensing companies are listed as 20% owned by Trump family members.

• RecordU.S. Office of Government Ethics · Donald J. Trump, annual financial disclosure (OGE Form 278e) for 2025 · 30 Jun 2026
• ReportCNBC · Trump's foreign real-estate licensing business surges to $59.5 million on Gulf developer payments · 10 Aug 2026 · Archived
• ReportThe National · Gulf developers bring windfall to Trump family · 01 Jul 2026 · Archived