Before stepping into the Oval Office, Donald Trump was widely known as a real estate mogul at the helm of the Trump Organization, the family empire now steered by his sons, Eric and Donald Jr.
The family business is rapidly expanding, breaking ground across several continents as Trump, who has stepped aside from its daily operations, serves as president of the United States.
Many have raised concerns about potential conflicts of interest involving Trump’s family and ongoing U.S. trade negotiations with foreign countries.
Newsweek has reached out to the Trump Organization for comment via email on Friday.
Why It Matters
Concerns over blurred lines between politics and personal business have repeatedly surfaced during both Trump administrations. The Trump Organization continues to pursue real estate ventures across the world while Trump is in the Oval Office.
Trump’s investments, assets and business interests are in a trust managed by his children. The organization hired an ethics advisor earlier this year, William Burck, who has since been fired over his legal involvement with Harvard University in a case against the president.
The administration is actively negotiating trade deals with a range of countries following the president’s imposition and sudden temporary suspension of “reciprocal” tariffs, part of a broader effort to reduce the U.S. trade deficit.
In addition to real estate, Trump has profited from various business ventures during and after his time in office, including his stake in Trump Media & Technology Group, the parent company of Truth Social, and a cryptocurrency meme coin bearing his name. The two efforts have begun to overlap, with Trump Media recently announcing plans to raise funds to purchase Bitcoin.
What to Know
The Trump Organization, which operates hotels, residential and commercial buildings, and golf courses, owns and operates dozens of properties worldwide, including in North America, the United Kingdom, the Middle East, and Asia.
Breaking Ground in Vietnam
The Trump Organization has continued to announce new partnerships and construction projects around the world. In a May 21 statement, the company said it had “officially broken ground on the first Trump-branded golf and residential development in Vietnam – Trump International, Hung Yen.”
It’s the first Trump-branded project in Vietnam and will feature “two championship golf courses,” villas, a spa, and dining facilities. Eric Trump said the country “represents one of the most dynamic and promising markets in the world today.”
Dang Thanh Tam, Chairman of Kinh Bac City Development Holding Corporation, said in the press release: “From the moment we began discussions with The Trump Organization, it was clear we shared a common vision, Hung Yen has the potential to become the premier destination for golf and luxury living in Asia, and with Trump’s unmatched global expertise in championship golf developments, we are extremely excited to bring this vision to life.”
Reuters has reported that in addition, a Trump Tower in Ho Chi Minh City, estimated at around $1 billion, could start next year.
Eric Trump visited the country in May. In April, Trump imposed and then paused “reciprocal” tariffs of 46 percent on the country.
New Projects in India
In early May, the Trump Residences in Gurgaon, India, completely sold out on launch day, “recording an unprecedented ₹3,250 crore in allotments,” around $3.8 million, according to a Trump Organization press release. The Trump Towers Delhi-NCR launched in 2018 in Gurugram, India, and has yet to open.
Kalpesh Mehta, founder of Tribeca Developers, said in a May 9 press release: “Trump Residences Gurugram is not just a real estate project – it’s a landmark moment for India’s luxury market.”
Earlier this year, the Trump Organization announced the launch of “Trump World Center Prune,” a 1.6 million square feet commercial real estate venture featuring two glass towers, as well as a “luxury retail boulevard.”
More Developments in UAE
The Trump family is no stranger to the Middle East, with several financial and organizational ties to the region.
Dubai, the United Arab Emirates (UAE)’s commercial hub, is already home to the Trump International Golf Club. In April, The Trump Organization announced plans for a new addition, the Trump International Hotel and Tower, a luxury high-rise slated to be in the heart of the city. The tower would be the first in the region and marks the fifth time Dar Global and The Trump Organization are partnering.
New Development Planned in Qatar
Qatar, which has been in the headlines over its role in negotiating peace deals and gifting Trump with a new Air Force One plane, is also expecting a new Trump development.
At the end of April, The Trump Organization announced a new $5.5 billion Simaisma development of a luxury golf resort north of Doha. The development will include Trump-branded beachside villas and an 18-hole golf course.
Saudi Arabia Expansion
The Trump Organization frequently partners with Dar Global—the international arm of Saudi-based luxury developer Dar Al Arkan—on hotel, tower and golf course projects across the Middle East.
In December 2024, the Trump Organization issued a press release about a new development in the coastal Saudi city of Jeddah. Ziad El Chaar, CEO of Dar Global, said in the press release that the firm is “delighted to strengthen our ongoing relationship with The Trump Organization and expand our portfolio by delivering premium properties to redefine Saudi Arabia’s high-growth real estate market.” The Jeddah Tower is estimated to cost $530 million.
Two additional Trump Organization projects in the country’s capital, Riyadh, are in the works, with Eric Trump telling Reuters in December that they will include at least a tower and be developed in partnership with Dar Global.
Oman Construction
A Trump International Hotel in Oman is under development and slated for completion by December 2028, according to the project’s website. The venture underscores a broader surge in luxury real estate development across the Gulf region.
The $500 million project is close to Oman’s capital, Muscat, offering a golf course, 140 rooms, a spa, and other facilities.
Serbia Hotel
Trump’s son-in-law, Jared Kushner, and his firm Affinity Partners signed a deal with the Serbian government to redevelop part of Belgrade. The deal is in partnership with the Trump Organization, but an investigation has been opened into a potential forgery of government documents related to the area’s protected status.
Open Facilities
There are over a dozen already opened and operating Trump Organization facilities, including golf courses across the U.S., in California, Maryland, Florida, New Jersey, North Carolina, and New York.
Internationally, the group has golf courses across the United Kingdom, Ireland, Dubai, and Indonesia.
Commercially, the company has holdings in major U.S. cities, like the Trump Tower in New York, as well as a handful of others in the city, and one in San Francisco. Residential units are available in New York, New Jersey, Connecticut, Illinois, Florida, Nevada, as well as India, Philippines, South Korea, Turkey, Indonesia, and Uruguay.
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