Donald Trump continues to preside over a vast and diversified business empire that stretches across real estate, branding, merchandise, and emerging financial ventures, according to reporting by El País cited in the source material, highlighting how his commercial interests remain deeply embedded alongside his political role.
The Spanish newspaper El País describes a business structure built over decades, rooted in luxury real estate and the monetization of the Trump brand. At its core, the empire is managed through The Trump Organization, which oversees a global portfolio of hotels, golf courses, residential developments, and commercial properties. The holding company is currently operated by Donald Trump’s sons, Eric Trump and Donald Trump Jr., through a family trust arrangement that allows continued oversight of the group’s assets.
According to the reporting, Trump’s business footprint spans dozens of luxury hotels in locations including New York, Ireland, Scotland, Oman, Vietnam, and the Maldives. Many of these properties are paired with golf courses, with the organization claiming to manage more than 20 such facilities worldwide, either through ownership or operational agreements. These properties form a central pillar of the group’s income-generating assets.
The empire also includes a significant global real estate presence in high-rise developments and luxury buildings. El País reports that Trump-linked assets include around 40 skyscrapers and premium buildings across multiple countries, with a concentration of 16 towers in the New York and New Jersey area alone. Additional properties are located in countries such as Romania, the Philippines, Turkey, and Uruguay. In many cases, Trump’s name is licensed to developments that are not directly owned by him, functioning as a branding mechanism that generates revenue through licensing agreements and management contracts.
Beyond real estate, the report highlights the expansion of Trump-branded consumer products and financial ventures. Merchandise ranging from clothing items to commemorative goods is sold under his name, including polo shirts priced at around $80 and caps at $36. According to financial disclosures cited in the source material, the group has generated more than $635 million from commemorative coin sales linked to Trump’s presidency, alongside additional revenue from branded watches and even religious items such as a Trump-branded Bible.
The Trump business network has also expanded into digital and financial assets. El País reports that the family has increasingly turned toward cryptocurrencies and token-based ventures, with new business activity accelerating after Trump’s return to the White House in January 2025. A crypto-focused company, World Liberty Financial, established by his family, has reportedly attracted significant investment activity, including transactions involving entities linked to the Gulf region and major global exchanges such as Binance.
The report further notes that the family’s business expansion has been supported by international development projects in regions including the Middle East and Asia. New real estate and hospitality developments are underway or planned in countries such as India, Oman, Saudi Arabia, the United Arab Emirates, Qatar, Indonesia, Georgia, and Romania. Many of these projects involve partnerships with local developers, with the Trump name serving as a branding asset in exchange for licensing fees.
El País also describes how Trump’s business interests have become increasingly intertwined with political dynamics, particularly in the Gulf region, where relationships with royal families and major investors have supported expansion. The report notes that Trump’s business activities in the region date back decades and have grown alongside diplomatic and political engagement.
The involvement of family members has further broadened the scope of the enterprise. Ivanka Trump and Jared Kushner have reportedly pursued real estate development projects abroad, including in Albania, while other family-linked ventures have expanded into mining and strategic resources. These activities, according to the reporting, reflect continued diversification into sectors beyond traditional real estate.
El País also cites criticism from transparency and oversight groups regarding the structure of the business, noting concerns over the ability to separate political office from private financial interests. The organization Open Secrets, as referenced in the source material, has raised questions about the use of a revocable family trust structure and the potential for overlapping public and private benefits.
The report concludes that the Trump business empire has continued to expand both geographically and financially, with ongoing projects and new ventures reinforcing a global network that spans real estate, branding, digital assets, and consumer products, as the organization extends its reach across multiple sectors and regions.
