President Donald Trump’s income from real-estate licensing deals in foreign countries nearly doubled last year, according to newly reviewed financial disclosures. The earnings now include new revenue streams from Qatar and Romania.
The former president’s international licensing business generated between $5 million and $25 million in 2023, up from the previous year. This sharp increase has drawn renewed scrutiny from ethics watchdogs.
One ethics watchdog expressed “grave concerns about the president doing business in foreign countries.” The group highlighted potential conflicts of interest tied to foreign governments and their dealings with Trump’s companies.
The financial reports show Trump’s licensing income expanded geographically. New projects in Qatar and Romania contributed to the growth, marking a shift in the portfolio’s international footprint.
Licensing deals allow Trump to earn fees from foreign developers using his name on hotels, towers, and other properties. The structure does not require direct ownership but generates recurring revenue.
Critics argue the arrangement creates risks because foreign entities may seek favor through business deals. Supporters say the income comes from private agreements and complies with disclosure rules.
The new financial data will likely fuel ongoing debates about presidential ethics. Federal law does not bar presidents from engaging in foreign business, but watchdogs continue to push for stricter oversight.
