Trump’s foreign property income is skyrocketing
Trump’s foreign property income is skyrocketing
- Wed, Mar 4 2026 at 9:37 AM
BBC News: Trump Organization unveils plan for "Australia's tallest building.”
This isn’t normal, Mark.
The Trump Organization just announced plans to develop its first project in Australia.
Because President Trump has refused to divest from the Trump Organization, he stands to profit from this new development—in addition to the 22 other foreign properties in development during his second term.
This decision has proven lucrative for Trump. In 2024—before he even took office—his foreign income hit a record high of at least $101 million, accounting for over half of his total foreign income during his first term.
If Trump’s income remains at 2024 levels throughout his second term, he is set to see enormous, unprecedented income from his overseas real estate developments: upwards of $400 million, according to a CREW analysis.
But far from slowing down or stagnating, Trump’s foreign business—and the corruption concerns it raises—appear to be accelerating daily. Which means this estimate is almost certainly conservative.
As Trump is raking in more foreign income than ever before, his administration is also embroiled in a new war, numerous other conflicts and ongoing trade negotiations. We deserve assurance that his and his family’s business dealings are not impacting his policy decisions.
Trump’s income from overseas developments from 2014 through 2024 has totaled at least $430 million and possibly over $530 million. The massive income over the last decade-plus was led by properties in the United Kingdom, Ireland and the United Arab Emirates.
While the UK and Ireland have long led Trump’s foreign income, there has been an enormous spike in UAE income—from nearly $2.7 million in 2023 to more than $27 million in 2024.
This is thanks to huge new licensing deals that grossed over $20 million in fees, according to Trump’s most recent filing. Both deals are with Dar Global, the international arm of a Saudi Arabian real-estate company with which the Trump Organization has a long history.
India was also the locus of a huge jump in Trump's foreign income. In his 2024 financial disclosure data, Trump reported a new $10 million influx of development fees for an as-yet-unnamed project in Mumbai with Reliance 4IR Realty Development, a subsidiary of Reliance Industries.
Last May, during Trump’s visit to Qatar, Reliance chairman Mukesh Ambani, India’s richest person, attended a state dinner in Trump’s honor. Months later, after the raid in Venezuela to capture President Nicolás Maduro, Ambani’s company entered talks with the US to secure a permit to buy Venezuelan oil, a bid that it won just weeks ago.
In all, Trump has two projects open in India and eight in development—six of which were reported to local media the day after Trump’s 2024 election victory.
The UK and Ireland also saw reported income jump from 2023 to 2024. Income from Trump’s two Scottish properties rose more than 50%, by approximately $13 million, to surpass their previous record high from Trump’s first term and Doonbeg in Ireland jumped more than one-third.
Trump’s foreign business interests have raised eyebrows and legal concerns during both of his administrations.
As Trump is increasingly enmeshing his personal financial interests with foreign affairs, a Trump development may be a bargaining chip for foreign countries negotiating with his administration.
His foreign developments include partnerships with over 15 foreign companies, some with direct ties to foreign governments, raising serious questions about potential conflicts of interest as Trump makes foreign policy decisions.
Mark, the American people should not have to wonder whether Trump is putting their interests, or his own financial interests, first when he negotiates with foreign countries and sets American foreign policy.
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