Original author: Max Abelson, Annie Massa
Original translation: Luffy, Foresight News
Donald Trump is surrounded by his recent business projects and investments, managed by family members and close associates
In Trumps eyes, he is the greatest businessman vying for the White House.
“I’m the most successful person ever to run for office,” he told Iowa reporters in 2015. “One of my Gucci stores is worth more than all of Mitt Romney’s assets.”
That may be hyperbole, but it’s true: A decade later, no modern U.S. president has made his family more wealthy while in office than he has. His net worth has doubled to about $5.4 billion since the early days of his campaign.
During this period, the Trump family accumulated wealth through:
Promoted over $10 billion in real estate projects;
Loss-making social media companies are valued in the billions;
One crypto project alone generated over $500 million in revenue;
He made millions of dollars from holdings in companies that provide financial services, guns and drone parts.
Family members also hold a range of positions in the business, with eldest son Donald Trump Jr. alone taking on at least seven new advisory or executive positions.
In contrast to the turmoil of his presidency, the strategy of Trumps business empire has always been clear: selling the family name. In other times, a presidential embezzlement of this magnitude might have been the annual highlight, but the political hubbub has garnered most of the attention.
In his first few months in office, Trump repeatedly adjusted tariffs, blamed Ukraine for Russian attacks, sent immigrants to foreign prisons, and hinted at a third term that is not permitted by the Constitution. While cutting government employees and budgets, he weakened agencies and departments that oversee his public companies, crypto projects, and even conflicts of interest.
Trump, who has eased restrictions on overseas transactions under the previous administration, plans to have dinner this week with major holders of his new Meme coin.
Even more remarkable is that Trump once came close to bankruptcy. His first term ended with the Capitol Hill riots, followed by a $454 million civil fraud judgment and a conviction for falsifying business records. Today, his assets are held in a trust managed by his eldest son. Despite rumors of a recession, the Trump familys wealth has reached unprecedented heights.
A White House spokesman said: President Trump has been the most transparent president in history in all respects, including his finances. He has made great sacrifices in serving his country by handing over a multi-billion dollar business empire. The president has made his finances public through an annual financial disclosure report and will continue to do so.
Trump Jr. said he shouldnt change his career because of his fathers power.
“I am a private citizen, businessman and serial investor my entire adult life,” he said in the statement. “It is absurd that I would have to stop working my daily job to support my five children simply because my father was elected president.”
Here are the real estate projects, crypto investments, and corporate partnerships that the Trump family has used to build its wealth since the 2024 campaign.
real estate
Unlike his first term, when Trump resolved conflicts of interest by transferring assets into trusts managed by his two sons and promising not to pursue new overseas deals, this time the only restrictions are on new deals with foreign governments, leaving other opportunities wide open. These real estate developments typically involve licensing the Trump brand for luxury hotels and residences, including in three Middle Eastern countries Trump is visiting this month, two of which tie the Trump Organization to government agencies in Oman and Qatar.
Trump International Oman
Related party: Trump Organization
Partners: Dar Global and Omran Group
Project value: $500 million
Start date: June 2024
Location: Muscat, Oman
The Trump Organization has profited from a deal tied to the Omani government. The project, which includes hotels, golf courses and residences, puts the presidential family in business with an American ally. Trump International Oman bills itself as the “ultimate power move” for “investment winners.” Developed by Dar Global, the international arm of Saudi real estate giant Dar Al Arkan, in partnership with Oman’s state-owned tourism group, the project bills itself as “a hands-off investment professionally managed by the Trump family that allows you to earn passive income easily” and offers investors a lifetime residency visa. Trump Jr. and Eric Trump appeared at the launch event in June, where a large “Power Move” sign was displayed. Meanwhile, Oman is playing a central role in high-stakes nuclear negotiations with Iran.
Trump Tower Jeddah
Related party: Trump Organization
Partner: Dar Global
Project value: $533 million
Announcement date: July 2024
Location: Jeddah, Saudi Arabia
Saudi Arabia and the Trump brand represent luxury and resilience, Dar Global’s head said in December as he introduced the “massive” and “ultra-high-end” Trump Tower Jeddah to dignitaries. Both sides get what they want: The tower, which is due to be completed in 2029, will offer Saudi residency to buyers who spend about $1 million. Eric Trump was among the first to give a standing ovation for the 47-story waterfront building.
Trump Project in Riyadh
Related party: Trump Organization
Partner: Dar Global
Project value: Approximately US$530 million
Announcement date: December 2024
Location: Riyadh, Saudi Arabia
When the Trump family and Dar Global announced two projects in the Saudi capital weeks after the election, details were scant but adjectives were heaped on them: iconic, grand, prestigious, unparalleled. It was yet another business deal in a country of strategic importance to the U.S. government. Indeed, hours after taking office, Trump told reporters he would be happy to visit Saudi Arabia if it bought “$450 billion or $500 billion” of American products. Crown Prince Mohammed bin Salman, once spurned for the murder of Washington Post journalist Jamal Khashoggi, pledged to invest more.
Trump International Hotel Dubai
Related Party: Trump Organization
Partner: Dar Global
Project value: Over $544 million
Announcement date: July 2024
Location: Dubai, UAE
On the same day that Trump accepted the Republican presidential nomination, his company announced the construction of Trump Tower in Dubai, saying it would set a new benchmark for luxury. The official website said earlier that investors who invested 2 million dirhams (about 545,000 US dollars) could obtain a 10-year golden visa, but did not disclose specific details.
Trump International Golf Club Simasma
Related party: Trump Organization
Partner: Dar Global
Project cost: Approximately $3 billion
Announcement date: April 2025
Location: Simesma, Qatar
Trump said before his second term that his family business would not make new deals with foreign governments. But within months, projects launched in gas-rich Qatar appeared to violate that promise. Qatari Diar Real Estate Investments, a company set up by Qatars sovereign wealth fund, said it would work with Dar Global to build a Trump-branded golf club and villas in a new tourist development, larger than Walt Disneys Magic Kingdom. During Trumps first term, he said Qatar had a history of funding terrorism, and in May this year, Qatar provided him with a luxury jet as Air Force One.
Trump Project India
Related Party: Trump Organization
Partner: Tribeca Developers
Estimated sales value: $1.75 billion
When to announce: After the 2024 election
Location: Bangalore, Gurgaon, Hyderabad, Mumbai, Noida, Pune
Trump-branded projects have proliferated in India. In Pune, where there are already two Trump residential towers, the Trump family announced in March that it would add two new office towers called Trump World Center. In Gurgaon, southwest of Delhi, another Trump-branded project has been underway for a long time, with the Trump family announcing in April the construction of a 51-story Trump Residences. More projects are in the works in Bangalore, Hyderabad, Noida, and Mumbai, where there is already a Trump Tower. Most of these projects are in partnership with India’s Tribeca Developers, whose founder, Kalpesh Mehta, met Trump Jr. through a mutual contact at Wharton, according to local reports.
Trump Project Vietnam
Related party: Trump Organization
Partners: Kinh Bac City and IDG Capital Vietnam
Project investment: US$1.5 billion
Contract date: September 2024
Location: Hung Yen Province, Vietnam
Before Trump’s second term began, Eric Trump said anyone trying to curry favor with the president through the Trump Organization was “barking up the wrong tree.” But the Communist Party of Vietnam might see it differently. During Trump’s campaign, the company announced plans to build a $1.5 billion hotel, golf course and luxury residential complex in Hung Yen Province in northern Vietnam. An article on the Hung Yen province’s official website said the Trump Organization’s project would help “boost Vietnam’s image on the international stage and its relationship with the U.S. government.” In September, a senior official attended a signing ceremony for the project, and Trump himself attended a meeting between his son Eric Trump and Dang Thanh Tam, chairman of the project’s developer, Kinh Bac City. According to local reports, the Trump family is also considering building a new tower in Vietnam.
Albania Kushner Project
Related party: Jared Kushner (Trumps son-in-law)
Partner: Aman
Project value: $1.4 billion
Initial approval: After the 2024 election
Location: Sazan Island, Albania
Trumps son-in-law, Jared Kushner, has turned to causes outside the White House, planning to transform an old military base on a rocky island dotted with run-down buildings and bunkers off the Albanian coast into a $1.4 billion Aman-branded luxury resort. On the eve of Trumps inauguration, a committee chaired by Albanian Prime Minister Edi Rama gave preliminary approval to Kushners development on Sazan Island. Critics say Albanias environmental laws may need to be amended to accommodate plans for clifftop villas. Kushner has raised money for his fund mainly from Gulf states and investors, including Saudi and Qatari funds. He has said his company has preemptively avoided any conflict so we dont have to raise money for the next four years.
Trump Project Belgrade
Related: Jared Kushner and the Trump Organization
Partner: Mohammed Alabbar
Project value: $500 million
Brand licensing time: After the 2024 election
Location: Belgrade, Serbia
Kushner plans to build a 175-room luxury hotel and 1,500 apartments on the site of the former Yugoslav Ministry of Defense. After his father-in-law was re-elected, he decided to name it Trump. I think this building will be a great Trump Tower, he said. According to the New York Times, Serbian President Aleksandar Vucic said he laughed hard when he read that he was believed to be using the project to influence Trump. Soon after, thousands of protesters gathered to commemorate the victims of the bombing and oppose the project. Kushner and UAE billionaire Mohammed Alabbar plan to launch sales this year. In May, Serbian authorities said they had detained a former government official on suspicion of forging documents to pave the way for the project, but Vucic said there was no forgery and the project had not encountered any obstacles.
Trump National Golf Club Doral
Related party: Trump Organization
Project cost: $3 billion
Approval date: January 2025
Location: Doral, Florida
The Florida club, which has four golf courses and more than 600 rooms, was Trump’s main cash cow before the pandemic. In the weeks before his inauguration, he received two pieces of good news: First, the Saudi-backed LIV golf tournament was scheduled for April; a few days later, the City Council approved the Trump family’s plan to build a 20-story apartment building on the property. At least one important stakeholder has changed his mind: Doral’s Republican mayor was opposed until Trump praised her on the campaign trail and made adjustments to the project, which she said was an attempt to be a good neighbor.
Mar-a-Lago
Related party: Trump Organization
Membership fee increase: $300,000 (increasing to $1 million in October 2024)
Time: October 2024
Location: Palm Beach, Florida
Other buildings may be more important to Trump’s career or empire, but none symbolizes Trump more than this gilded Florida club. Billionaires flock here to pay homage to the president on his own turf. A Trump lieutenant pointed out to reporters last year that club memberships would increase from $700,000 to $1 million in October. According to former chief strategist Steve Bannon, Mar-a-Lago even explains how Trump sees America itself: “This is prime real estate, and you pay a premium to get in.”
Cryptocurrency
Four years ago, Trump called Bitcoin a scam, but now he has become a major promoter of cryptocurrency, supporting a series of digital products with his name on them. Crypto executives and companies that donated millions of dollars to his election are hoping to influence policy. Trump held a crypto ball on the weekend of his inauguration, convened cabinet members and high IQ people to hold the first crypto summit at the White House, established a national bitcoin reserve, and appointed a crypto czar. At the same time, virtual currency prices affect Trumps wealth: he has his own Meme coin, promotes a crypto platform co-founded by his senior envoys, and his social media company has announced plans to sell cryptocurrency-based investment products. Here are the projects that the Trump family has profited from in the process of turning the United States into the global crypto capital.
World Liberty Financial
Related parties: Donald Trump, Donald Trump Jr., Eric Trump, Barron Trump
Partners: Steve Witkoff, Zach Witkoff and Alex Witkoff
Sales: $550 million
Project announcement date: September 2024
Location: Delaware
The cryptocurrency promoted by Trump and his three sons went on sale weeks before the 2024 election, with most buyers being overseas investors. After the election, crypto entrepreneur Justin Sun injected $75 million into World Liberty Financial during a civil fraud lawsuit with U.S. regulators, which is now on hold. Steve Witkoff, a diplomatic envoy who has met with global leaders including Russian President Vladimir Putin, will also profit from the project, whose co-founders include his sons Alex and Zach. A company spokesman said the project has nothing to do with politics, that executives are not government officials, and that there is no conflict of interest. He called Sun an early supporter and said any suggestion that an association with World Liberty Financial would lead to preferential government treatment was absurd.
Trump Digital Trading Cards
Related: Donald Trump
Partner: Bill Zanker
Revenue: $7.2 million
First release: December 2022
Location: Park City, Utah
The craze had faded when Trump began authorizing NFTs. The cards depict him as a muscled superhero, an aerial cowboy, a golden statue, and a cyborg. The idea for Trump’s digital trading cards came from his friend Bill Zanker, the founder of an adult education company and a chain of massage parlors, who once said that Trump fell in love with the “young, ambitious, unregulated” crowd in the crypto space. Trump’s endorsement helped him gain political support from crypto billionaires.
TRUMP AND MELANIA TOKENS
Related parties: Donald Trump, Melania Trump
Transaction fees and other income: $350 million
First release: January 2025
Location: Delaware
Meme coins essentially have no practical use other than earning money from attention, making them a good fit for the former reality TV star. Even so, Democratic officials and even crypto industry veterans have criticized the Trumps for launching Meme coins before their inauguration. In April, when Trump announced a private dinner for major TRUMP token holders, his Meme coins had lost most of their value from their peak. Democratic Senator Chris Murphy called it the most brazen act of corruption ever by a president. Previously, regulators had considered whether Meme coins should be considered securities and thus subject to stricter rules. About a month after the launch of MELANIA coins, the U.S. Securities and Exchange Commission stated that Meme coins are not securities, but similar to collectibles and are regulated according to corresponding rules.
Metaplanet
Related party: Eric Trump
Stock price increase: over 17%
Announcement date: March 2025
Location: Tokyo, Japan
In March, Eric Trump joined Metaplanets newly formed advisory board. The Tokyo-based hotel group transformed into a Bitcoin hoarder after closing most of its properties. The presidents son appeared with a smile in an orange Metaplanet hat and said it was a great honor to be involved in the company. On the day the news was announced, its stock price rose by more than 17%, although the previous crypto transformation had made Metaplanet one of the biggest winners in the Japanese stock market.
American Bitcoin
Related parties: Donald Trump Jr., Eric Trump
Partners: Dominari, Hut 8
Trump family and partners own: 20%
Announcement date: March 2025
Location: Miami, Florida
The Trump family has a complicated relationship with the new strategic venture, the bitcoin miner. After Trump took office, his two sons partnered with Dominari, an investment bank headquartered in Trump Tower, to create American Data Centers. Eric Trump called the new data enterprise critical to the development of artificial intelligence infrastructure, although it has not yet made much progress. About a month later, the emerging company reached an agreement to transfer a majority stake to Hut 8, a bitcoin mining company. The Trump brothers and their partners hold a 20% stake in the joint venture, now called American Bitcoin, which plans to go public this year.
Corporate Cooperation
Since the night of his re-election, companies have hired his sons as consultants. Donald Trump Jr. has taken on new positions at a small drone parts maker, an online gun retailer and a prediction market platform that allows users to bet on issues related to him. Eric Trump has served in some cases overlapping with his brother and in other independent positions.
1789 Capital
Related Party: Donald Trump Jr.
Partners: Omeed Malik, Rebekah Mercer and Chris Buskirk
Mid-year fundraising target: $1 billion
Position announcement date: November 2024
Location: Palm Beach, Florida
Less than a week after Trump’s victory, Donald Trump Jr. became a partner at 1789 Capital. The firm, whose co-founders include former Bank of America executive Omeed Malik, Republican megadonor Rebekah Mercer and investor Chris Buskirk, is monetizing the president’s vision for American culture by taking stakes in startups with a “Make America Great Again” (MAGA) bent. As Trump seeks to dismantle government and corporate programs that promote equity and inclusion, 1789 Capital is investing in projects like Enhanced Games and Polymarket. “1789 Capital is funding a new era of American prosperity through its core principles of entrepreneurship, innovation and growth,” a spokesperson said.
Unusual Machines
Related Party: Donald Trump Jr.
Donald Jr.s stake value: Over $3 million
Position announcement date: November 2024
Location: Orlando, Florida
Shortly after the election, the drone parts maker announced that Donald Trump Jr. had joined as an advisor, and its stock price soared nearly 250% in the next two trading days. According to November filings, he held more than 300,000 shares, which were worth more than $3 million at the time. His shares were registered for sale, but as of early May it was unclear whether he had sold them.
PSQ Holdings
Related Party: Donald Trump Jr.
Partner: Omeed Malik
Donald Jr.s 2024 salary: $3.1 million
Board position announced: December 2024
Location: West Palm Beach, Florida
PSQ (PublicSquare) operates a marketplace for so-called anti-woke products, including diaper brand EveryLife, and offers a buy now, pay later system for guns. The company has lost more than $100 million in the past two years, but the retailers stock price soared 270% when Donald Trump Jr. (who has served as an advisor) joined the board in early December. Regulatory filings show that the company paid him more than $3.1 million last year, and its 1789 partner Malik is one of the largest shareholders. PublicSquare CEO Michael Seifert said Donald Trump Jr. is an outstanding businessman, strategic partner and marketing expert who has been advising the company since 2022.
Dominari Holdings
Related parties: Donald Trump Jr., Eric Trump, Ron Lieberman
Donald Jr. and Erics total stake value: over $17 million
Position announcement date: February 2025
Location: New York City, New York
Dominari, a biotech company turned investment bank whose shares traded below $1 last year and is based in Trump Tower, has lost tens of millions of dollars over the past three years. But its shares soared more than 80% in February within hours of announcing the Trump brothers were joining the advisory board (the stock had risen before the news became public). Both men are major shareholders, with a combined value of more than $17 million, most of which are registered for sale, according to April filings. A Dominari spokesman said this month that no advisers have sold shares and the company remains committed to its long-term growth strategy. Trump Organization executive Ron Lieberman was appointed to the board in December.
Rumble
Related Party: Donald Trump Jr.
Recent shareholders: Dan Bongino, David Sacks, Cantor Fitzgerald
Company market value: Over $3 billion
Program launch time: January 2023
Location: Longboat Key, Florida
Although Donald Trump Jr. is not a Rumble executive, his podcast Triggered with Don Jr. has been broadcast on the platform since 2023. At the end of last year, Rumbles largest shareholders included crypto giant Tether and people who were about to join the Trump administration, such as FBI Deputy Director Dan Bongino and Crypto Czar David Sacks. Another major shareholder is Cantor Fitzgerald, which is controlled by the family of Commerce Secretary Howard Lutnick. Rumble has been losing money for the past two years.
Kalshi
Related Party: Donald Trump Jr.
Number of contracts related to Trump events: over 48
Position announcement date: January 2025
Location: New York City, New York
Kalshi allows users to bet on future events, including elections and even Trump’s next move, such as how many times he will visit Mar-a-Lago this month or whether he will accept a plane from Qatar. In November, the company fought commodities regulators in court for more than a year to allow users to bet on the election results. When Donald Trump Jr. joined the private company as a strategic adviser, he said it “knew we won hours before the Fake News Media did.” A company spokesman said employees and consultants are prohibited from trading in its markets and that Donald Trump Jr. is not involved in any legal or regulatory proceedings.
Salem Media Group
Related parties: Donald Trump Jr., Laura Trump
Share price increase: 283%
Position announcement date: April 2025
Location: Camarillo, California
Donald Trump Jr. and his sister-in-law Laura Trump invested in Salem, a conservative talk show radio network known for spreading conspiracy videos about the 2020 election, and its stock price soared 283%. Salem also acquired a 30% stake in the mobile news aggregation app co-owned by Donald Trump Jr. A Salem spokesperson said that few people understand the media landscape better than Donald Trump Jr., and the company is honored to have him join the team.
GrabAGun
Related Party: Donald Trump Jr.
Partner: Omeed Malik
Donald Jr.s stake value: At least $3 million
Board position announced: March 2025
Location: Coppell, Texas
Donald Trump Jr. will join GrabAGun’s board after the gun retailer plans to go public in a blank-check deal. In a recent investor presentation, the company said the slogan “We sell guns, you shoot them” “resonated with us from the beginning.” Another Trump connection: The special purpose acquisition company that will take the business public is run by 1789’s Malik. GrabAGun head Marc Nemati said the company “could not imagine a better fit than Donald Trump Jr.,” calling him a well-known gun rights advocate and successful businessman.
Other Business
Social media companies that went public last year now account for the bulk of Trump’s wealth, according to the Bloomberg Billionaires Index. The family has also profited from a host of new businesses that are difficult to categorize, including a private members club at Georgetown, a lawsuit settlement following Trump’s return to the White House and a documentary about Melania Trump. The sprawling new opportunities underscore the family’s willingness to monetize its name and brand to a greater extent than anything Trump did during his first term.
Trump Media Technology Group
Related parties: Donald Trump, Donald Trump Jr.
Partner: Crypto.com
Donalds stake worth: $2.9 billion
Time to market: March 2024
Location: Sarasota, Florida
Trump’s $2.9 billion stake in his eponymous social media startup, which went public during last year’s campaign, makes up the bulk of his wealth. Without Truth Social’s parent company, he might not have made the list of the world’s richest people. The company’s shares fluctuate like meme stocks. Its shares have risen since September despite a net loss of about $401 million last year. After Trump took office, the company moved into finance, launching products that directly benefited from his policies, including a “Made in America” fund, just as he drastically increased tariffs and eased restrictions on digital assets. In March, three days after Trump Media announced a partnership with Crypto.com, the Singaporean company said the SEC had closed its investigation into the company without taking enforcement action. Trump’s shares are held in a trust, and Trump as president continues to post content to the platform, with posts dubbed “truth.”
Executive Branch Club
Related Party: Donald Trump Jr.
Partners: Omeed Malik, Chris Buskirk, Zach Witkoff and Alex Witkoff
Founding Membership Fee: $500,000
First reported: April 2025
Location: Washington, D.C.
Donald Trump Jr. and his friends named their new invitation-only club Executive Branch, almost as a way of flaunting their White House connections. If anyone didnt get the point, the invitation to the White House Correspondents Association after-party featured a golden eagle that said it all. According to Politico, the club, which includes Sacks and Donald Jr.s business partner Malik, has a waiting list.
Litigation Settlements
Related: Donald Trump
Settlement amount: Approximately $47 million
First reported: After the 2024 election
Location: United States
After Trumps re-election, large technology and media companies paid tens of millions of dollars to settle lawsuits to avoid going to court with the incumbent president. Meta said it would donate $22 million to the presidential library to settle a lawsuit that illegally blocked Trumps social media accounts after the 2021 Capitol Hill riots. Disneys ABC News agreed in December last year to pay $15 million to the presidential foundation or museum to settle a lawsuit against its anchor for defaming Trump. According to a report by the Wall Street Journal in February, Elon Musks X platform agreed to pay about $10 million to settle Trumps lawsuit against it and a former executive.
Amazon
Related parties: Donald Trump, Melania Trump, The Trump Organization
Movie royalties: $40 million
First reported: January 2025
Location: Seattle, Washington
Amazon plays a role in several Trump family projects. It paid $40 million for a documentary about Melania Trump, nearly three times the next highest bid, according to The Wall Street Journal. An Amazon spokesperson said the company bought the film simply because it thought customers would like it. This year, Amazon began streaming reruns of The Apprentice, the NBC reality competition show that reshaped Trumps career. The Trump Organization also announced that it would open an official store on Amazon to sell branded goods, and an Amazon spokesperson said the group is becoming one of millions of independent sellers.
Trump sneakers
Related: Donald Trump
Partner: Bill Zanker
Never Surrender high-top shoes Price: $399
Announcement date: February 2024
Location: Sheridan, Wyoming
Trump showed up at Philadelphias Sneaker Con to peddle his favorite gold high-tops during his campaign for the Republican nomination. Trump-branded sneakers and golf shoes are just the tip of the iceberg of merchandise bearing the presidents name, and they come at a premium. Trumps Never Surrender high-tops are sold out, but fans can still snap up limited-edition gold low-tops for $499, according to the official website.
