Here's your Forbes Daily Briefing for Wednesday, May 21st.

Today on Forbes, the Saudi real estate tycoon, who's a, quote, member of the Trump family.

Last December, Eric Trump, Donald Trump's son and the executive vice president of his Trump

organization, traveled to Saudi Arabia to announce the launch of a new

Trump-branded project with Saudi real estate developer Dar Global. The Trump Tower, Jetta, a 47-floor

luxury residential skyscraper on Saudi Arabia's Red Sea coast that's slated to cost $530 million to build.

Addressing the crowd gathered below a crystal chandelier in the cavernous hotel ballroom,

Eric Trump made sure to thank Yusuf Al-Shalash, the chairman and co-founder of Dar Global's

parent company, Dar Al-Arkan.

The 41-year-old Eric gushed about Al-Shalash, who was seated at the same table.

He said, quote, he's a man that I have such a great relationship with. We're doing so many

incredible projects all over the world. He's truly become a member of the Trump family,

and somebody I truly love dearly. When Al-Shallash took the

stage three minutes later, he returned the sentiment. He said, quote, we began our relationship

with the Trump Organization nearly a decade ago. The relationship did not start as a business relationship,

but rather as a friendship, and it has continued to grow.

Among all the businessmen the Trump Organization is partnering with during Donald Trump's second White House term, from India to Indonesia to Vietnam, Al-Shallash may have paid

the U.S. president more than anyone else. His firm has announced at least six Trump-branded luxury real estate

deals over the past three years, in Dubai, Oman, Qatar, and Saudi Arabia. It's good money. Trump

disclosed earning $7.85 million in licensing fees from a single Dar Global Project in

Oman between 2021 and early 2024,

according to his two most recent financial disclosures. And with at least five other agreements

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