Trump’s Foreign Licensing Business Grew 900% As He Returned To Power
Forbes Daily Briefing
Forbes
4.4 • 18 Ratings
🗓️ 12 July 2026
⏱️ 6 minutes
🔗️ Recording | Apple Podcasts | RSS
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Summary
Transcript
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| 0:00.0 | Attention all passengers. |
| 0:04.1 | The Uber ride for Jeff's rugby team will depart in five minutes from Platform 15. |
| 0:09.7 | Your ride comes with six toilets and a refreshment's carriage that you'll empty within five minutes. |
| 0:16.5 | Thank you for booking your tickets on Uber. |
| 0:20.3 | Trains on Uber. |
| 0:22.6 | Today on Forbes, Trump's foreign licensing business grew 900% as he returned to power. |
| 0:30.8 | The president's international licensing business, which looked nearly dead a few years ago, generated $61 million in 2025, |
| 0:40.5 | according to a financial disclosure report released on the final day in June. |
| 0:45.4 | That's up an estimated 30% from 2024 and 900% from 2023. |
| 0:52.4 | No country provided more last year than the United Arab Emirates, |
| 0:57.5 | where Trump collected $23 million through deals with two developers. |
| 1:02.6 | He generated $10 million in India and $9 million in Saudi Arabia. |
| 1:08.2 | Deals in Qatar, Romania, and Vietnam delivered $5 million apiece. |
| 1:13.6 | Representatives of the Trump Organization did not respond to questions about the dealmaking, |
| 1:19.6 | but in a statement, White House Deputy Press Secretary Anna Kelly said, quote, |
| 1:24.6 | There are no conflicts of interest. Even Trump once acknowledged concerns |
| 1:30.6 | with foreign entanglements, promising to strike no new deals overseas during his first term. |
| 1:36.9 | But he reversed course upon returning to the White House, and money poured in, much of it from |
| 1:42.8 | the Middle East. |
| 1:48.1 | Trump did his first deal in the region about 20 years ago, |
| 1:52.8 | partnering with Sultan Ahmed bin Suleim of the United Arab Emirates. |
| 1:56.4 | They shared a common connection, Jeffrey Epstein, |
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