**Trump’s Real Estate Revolution: Cashing In on Saudi Ventures**
In an exciting turn of events, Donald Trump, the former president and real estate magnate, has been raking in substantial cash from international ventures since reclaiming the presidency. Thanks to the Trump Organization’s surge in global deal-making, the financial world is buzzing. Among the most notable players is Dar Al Aran, a Saudi real estate developer, which has turned out to be a cash cow for Trump’s family business.
According to the latest financial disclosures, Trump’s business activities have been quite lucrative. In 2024 alone, the Trump Organization received a whopping $21.9 million in licensing fees from Dar Al Aran for projects located in glamorous places such as Dubai and Oman. This figure is just a slice of the pie; it adds to the $5.35 million that the company had previously paid Trump’s firm since 2021 for a swanky hotel, golf club, and villa complex in Oman. When all is tallied, Trump’s earnings from this partnership with Dar Al Aran now surpass $27 million since 2021. That is a jaw-dropping number that would make anyone’s head spin!
The relationship between the Trump family and Dar Al Aran’s co-founder, Yusf al-Shalash, seems to go beyond mere business transactions. Reportedly, during the launch event for the Trump Tower in Jedha, a luxury residential skyscraper on the Saudi Red Sea, al-Shalash publicly referred to his bond with the Trump family as a “friendship.” Eric Trump, the middle sibling and executive vice president of the Trump Organization, echoed this sentiment, labeling al-Shalash as “a member of the Trump family.” With such heartfelt sentiments, it’s clear that there are more than just financial ties at play.
Yet, it’s not just Saudi Arabia that’s getting the Trump treatment. The Trump Organization has its sights set on the global stage, securing projects in the United Arab Emirates, Qatar, and even as far as Vietnam. In May, they kicked off a substantial $1.5 billion golf and residential development project in partnership with Hong Yen Hospitality in Vietnam. For this venture, the Trump Organization collected another $5 million in licensing fees in 2024. It seems that wherever Trump’s name appears, big checks are sure to follow!
As Trump’s international ventures continue to blossom, the potential for future earnings looks promising. With at least six ongoing projects in collaboration with Dar Al Aran and talks of a seventh project in Greece, the sky might just be the limit for Trump’s financial ascent. The businessman turned president has certainly not shied away from capitalizing on his global real estate empire. As projects in Qatar and Saudi Arabia await their financial revelations, Trump is expected to maintain a steady stream of income throughout his second term.
In summary, as Donald Trump rides the wave of his real estate endeavors, the economic benefits for his organization are becoming increasingly clear. His connections overseas, especially with lucrative partners like al-Shalash, suggest that the Trump Organization’s deal-making spree is far from over. While some may raise an eyebrow at the intertwining of politics and profit, one thing is indisputable: Trump’s foray into the global market is certainly paying off in more ways than one!
