Trump Just Disclosed He Received Millions Of Dollars From This Saudi Real Estate Developer Last Year
Forbes Daily Briefing
Forbes
4.6 • 12 Ratings
🗓️ 18 June 2025
⏱️ 5 minutes
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Summary
The president’s latest annual disclosure reveals just how much his Trump Organization has made from several deals with Saudi developer Dar Al Arkan.
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Transcript
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| 0:00.0 | Here's your Forbes Daily Briefing for Wednesday, June 18th. Today on Forbes, Trump just disclosed |
| 0:08.5 | he received millions of dollars from this Saudi real estate developer last year. Since winning |
| 0:14.7 | back the presidency in November, Donald Trump's family real estate firm has been on a deal-making spree. |
| 0:21.3 | Since the beginning of 2024, the Trump Organization has launched and struck deals to develop |
| 0:26.5 | luxury residential skyscrapers and golf clubs in a host of foreign countries, including |
| 0:31.4 | Qatar, Saudi Arabia, the United Arab Emirates, and Vietnam. |
| 0:36.5 | The President's latest financial disclosure filed |
| 0:39.1 | last Friday reveals just how much he benefited from these projects last year. No entity appears |
| 0:45.7 | to have paid Trump more than Dar al-Arcon, a publicly traded Saudi real estate developer, |
| 0:51.5 | co-founded and chaired by centimillionaire Yusuf al-Shalash. |
| 0:55.7 | The firm paid the Trump organization $21.9 million in license fees in 2024 for projects |
| 1:01.7 | in Dubai and Oman, according to the disclosure. That's on top of $5.35 million the firm paid |
| 1:08.7 | Trump's company between 2021 and 2022 for licensing the Trump name |
| 1:13.5 | for a hotel, golf club, and villa complex in Oman. Altogether, Forbes estimates Trump has received |
| 1:20.3 | more than $27 million from Dar al-Arcon since 2021. Trump also reported $2.5 million in fees from Dar al-Arcon in his August |
| 1:30.7 | 2024 disclosure, although that covers 2023 and a part of 2024, potentially overlapping with his |
| 1:37.4 | latest filing. Al-Shallash has cultivated a close relationship with the Trump family, |
| 1:43.2 | calling it a quote, friendship at the December launch relationship with the Trump family, calling it a, quote, |
| 1:50.0 | friendship at the December launch event of the Trump Tower Jeddah, a 47-floor luxury residential skyscraper on Saudi Arabia's Red Sea coast. At the same event, Eric Trump, the president's middle |
| 1:56.5 | son and the executive vice president of his Trump organization, called Al-Shalash, quote, |
| 2:01.7 | a member of the Trump family and somebody I truly love dearly. |
| 2:06.5 | The Saudi real estate tycoon is wealthy in his own right, with an estimated $900 million |
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