Mukesh Ambani's BIG partnership with Donald Trump's…, pays Rs 864348500 Trump's Organisation as…

Mukesh Ambani has joined the list of foreign developers who are investing into President Trump's real-estate firm. According to Trump's annual financial disclosure report, investors in Trump-branded projects in Vietnam, Dubai and Saudi Arabia and other countries paid the Trump Organization $44.6 million in foreign licensing and development fees in 2024, according to a report by The Wall Street Journal . These numbers are higher than $8.2 million in 2023 and $9.4 million in 2022.
The disclosure report included a $10 million 'development fee' from Reliance 4IR Realty Development which is a unit of a company controlled by Mukesh Ambani, licensing the Trump name in Mumbai.
Ambani's plans for the project are not yet clear. Reliance Industries deals in petrochemicals business and also in retail and telecom. Reliance was not much involved in the real estate development business; it has recently undertaken large-scale projects like the redevelopment of an area of around 4,000 acres in Mumbai.
Ambani attended Trump's inauguration in Washington, D.C., in January, and was also a guest last month at a state dinner in Doha, in which the Qatar emir hosted the U.S. president.
Donald Trump's family is trying for expansion plans across the president's businesses when he is in the White House. He is also in the business of golf, cryptocurrency and a mobile phone. Previous administrations kept the presidency separated from potential conflicts of interest. All the current deals led to criticism from Democratic lawmakers but not much resistance from the Republicans who control Congress.

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20 minutes ago

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