Trump’s foreign revenue has exploded during his first year back in office
Trump’s foreign revenue has exploded during his first year back in office
- Tue, Jul 28 2026 at 12:27 PM
Mark,
President Trump raked in record-high revenue of over $117 million from overseas business interests last year, according to a CREW analysis of his recent personal financial disclosure.
That’s a sharp jump from his first term, when he made $149 million in foreign revenue across four years.
Money coming from a slew of new overseas developments is primarily responsible for the growth. And those developments bring with them a raft of new conflicts of interest, to an extent that is unprecedented—even for Trump.Last month, Trump reported a shocking total revenue of over $2 billion in his first year back in office, eclipsing the $1.6 billion he made during all four years of his first term.
With Trump bringing in hundreds of millions from an array of endeavors, his personal financial interests seem to touch every corner of his policy agenda.
Most concerning is the surge in revenue from new entities and as-yet-unannounced foreign developments, some involving business partners tied to foreign governments.
Trump has now surpassed $500 million in total foreign revenue since 2014, when the first data was available—and the true total could be more than $650 million. This flood of foreign revenue continued to increase in 2025 after exploding in 2024, as he approached his second term in office.
The total foreign revenue increased by more than 15% from 2024 to 2025. Now, with at least $117 million from foreign business interests in 2025, Trump’s foreign moneymaking has continued worrying trends:- Properties in the UK and Ireland, longtime revenue drivers among Trump’s foreign developments, faced competition from developments in the Middle East—many of which were first announced after Trump became a candidate and was reelected.
- Revenue from developments in the United Arab Emirates, which skyrocketed in 2024, continued to increase in 2025 to over $32 million, an unimaginable sum in Trump’s first term.
- Twenty-four Trump-branded real estate projects are being developed in foreign countries during Trump’s second term. Thirteen of those were announced after Trump became a candidate for president in 2022.
This is all not to mention the myriad newly listed entities that have not yet reported significant income, some of which appear to indicate further developments in the works.
Trump’s latest disclosure appears to forecast a development in India where the Trump Organization is partnered with a company tied to one of the richest men in Asia, Mukesh Ambani.
In 2024, that company paid Trump $10 million for an unnamed project in Mumbai. In his first year back in office, the Trump administration granted Ambani’s company a lucrative oil license in Venezuela.
The new disclosure shows an additional $1.5 million payment from Ambani’s company for a development in Hyderabad.
Let’s be clear: These new projects offer foreign companies, some of which are closely tied to foreign governments, an opportunity to pay Trump’s company millions of dollars, which it pockets regardless of whether the development ever materializes.
These are mainly licensing deals, where the Trump Organization isn’t actually building anything, and Trump gets paid millions no matter what.
That’s what makes these especially problematic. They can be used as vehicles for foreign interests to ingratiate themselves with Trump—and he’s making a killing off of them.
Trump’s reported revenue from licensing and development fees has skyrocketed in the last two years, going from just over $5 million in 2022 and 2023 to more than ten times that—$59 million—in 2025.
Mark, Trump’s unquenchable thirst for personal enrichment inevitably conflicts with the best interests of the public. That’s why no president comes close to matching Trump’s corruption, and why we’re so laser-focused on exposing it.
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