★ Topic
The Family Business Abroad
$6.13B documented · July 2021 – November 2025
- Actions
- 8
- People
- 8
- Orgs
- 15
- Sectors
- 17
Licensing, real-estate, and branding deals between the Trump Organization and foreign governments during the second term.
Actions
Government Action
November 2025U.S. agencies pledge $1.6B to Kazakhstan mine of Trump-orbit firm
$1.6B
Private Action
September 2025Dar Global launches $1B Trump Plaza Jeddah, second Saudi collaboration
$1B
Private Action
May 2025Trump International Hotel Dubai launches $1B 80-story project
$1B
Private Action
April 2025Dar Global signs Qatar government deal for Trump-branded golf and villas
Private Action
April 2025Serbia approves Trump-Kushner hotel on government-owned land
Private Action
April 2025Trump Jr. runs paid speaking tour across Eastern Europe and Balkans
Private Action
December 2024Dar Global and Trump Org launch $533M Trump Tower Jeddah
$533M
Private Action
July 2021Saudi sovereign fund hands Kushner's firm $2 billion over its panel's objections
$2B
People
Ranked by appearances across this topic's actions.
5 actionsDonald TrumpReceives personal financial benefit from Trump Organization licensing income per his ongoing financial disclosure reports.
5 actionsEric TrumpIndirect equity exposure to the federally backed tungsten project via his anchor position in American Ventures, which invested in Skyline Builders before its May 2026 merger with Cove Kaz Capital. The FT notes there is no suggestion he knew of the pending federal commitment or influenced it.
3 actionsDonald Trump Jr.Indirect equity exposure to the federally backed tungsten project via his anchor position in American Ventures, which invested in Skyline Builders before its May 2026 merger with Cove Kaz Capital. The FT notes there is no suggestion he knew of the pending federal commitment or influenced it.
2 actionsJared KushnerListed developer of the Serbia hotel project; son-in-law of President Trump.
1 actionAleksandar VučićPresident of Serbia; his administration approved the hotel project on government-owned land and hosted Donald Trump Jr. on his late-April 2025 visit.
1 actionAntoni TrenchevCo-founder of Nexo and a former Bulgarian lawmaker; appeared on stage with Donald Trump Jr. in Bulgaria to announce Nexo's US-market re-entry.
1 actionMohammed bin SalmanAs chair of the Public Investment Fund's board and the kingdom's paramount decision-maker, overrode the unanimous objection of PIF's screening committee to approve the $2 billion investment in Kushner's firm. Beneficiary of Kushner's defense of the crown prince inside the Trump White House after U.S. intelligence concluded he approved the 2018 killing of Jamal Khashoggi.
1 actionPéter SzijjártóHungary's Foreign Minister; met with Donald Trump Jr. in Budapest during the President's son's paid speaking tour.
Organizations
Ranked by appearances across this topic's actions.
5 actionsTrump OrganizationReceives branding and management fees on the $1B Trump Plaza Jeddah residential / serviced-apartment / office / townhouse complex.- 4 actionsDar GlobalLondon-listed international arm of Saudi developer Dar Al Arkan; announced the $1B Trump Plaza Jeddah in September 2025 as its second Jeddah-based collaboration with the Trump Organization.
- 1 actionAffinity PartnersKushner's newly formed private equity firm. The $2 billion PIF commitment made the Saudi government the firm's cornerstone investor and constituted the bulk of its reported assets under management. In exchange, PIF received a stake of at least 28 percent in Affinity's main investment vehicle.
- 1 actionAmerican VenturesInvested in Skyline Builders in August 2025; gains indirect exposure to the federally backed tungsten project via the May 2026 Skyline / Cove Kaz merger.
- 1 actionCove Kaz CapitalU.S.-registered firm that secured access to a Kazakhstan tungsten mine in November 2025 and was the direct recipient of the combined $1.6 billion in federal letters of interest. Agreed to merge with Skyline Builders in May 2026.
1 actionHungaryGovernment of Hungary; arranged a ministerial meeting between Foreign Minister Szijjártó and the US President's son during a paid commercial tour.- 1 actionNexoCryptocurrency platform that paid Donald Trump Jr. to appear at a Bulgaria event and used the platform to announce its re-entry into the US market — two years after the SEC fined it $45M and forced it out of the country.
- 1 actionPortfolio HungaryHungarian business-news outlet that sponsored and paid for the Budapest dinner where Donald Trump Jr. appeared as a paid speaker.
- 1 actionPublic Investment FundSaudi Arabia's $620 billion sovereign wealth fund. Its Board Investment Committee voted unanimously against the Kushner deal at the June 30, 2021 meeting (codename "Project Astro"); the full board, chaired by Crown Prince Mohammed bin Salman, overrode the panel within days and approved the $2 billion commitment.
- 1 actionQatarQatari government counterparty whose official signed the Dar Global deal authorizing the new Trump-branded golf course and luxury villa complex.
1 actionSerbiaSerbian state granted government-owned land for the planned Trump-family hotel project; President Vučić publicly courted the Trumps with the visit.- 1 actionSkyline BuildersHong Kong-based construction group that Dominari took public in early 2025 and that American Ventures invested in in August 2025. In May 2026 it agreed to merge with Cove Kaz Capital, becoming the publicly listed vehicle through which the federally backed tungsten project would flow.
1 actionU.S. Export-Import BankFederally funded agency that issued a letter of interest committing in principle to a portion of the combined $1.6 billion in project financing for the Cove Kaz Capital tungsten mine.
1 actionU.S. International Development Finance CorporationFederally funded agency that issued a letter of interest committing in principle to a portion of the combined $1.6 billion in project financing for the Cove Kaz Capital tungsten mine.
1 actionUnited Arab EmiratesUAE authorities granted required real-estate permits for the Dubai Trump Tower within roughly a month, per Eric Trump's on-stage remarks at the launch.
Sectors involved
Derived from the organizations and individuals involved.
- Construction & Engineering
- Consumer Goods & Hospitality
- Cryptocurrency
- Defense & Aerospace
- Energy & Environment
- Federal Government
- Financial Services
- Foreign Governments
- Investment Firms
- Media & Entertainment
- Political Committees & Political Money
- Prediction Markets
- Private Foundations & Donor Networks
- Sovereign Wealth Funds
- Technology & AI
- Telecommunications
- Trump Family Business