Vietnam fast-tracked a $1.5 billion Trump Organization golf project while negotiating tariffs with the administration
The groundbreaking took place during bilateral trade talks; the disclosure reports a $5 million license fee.
The Trump Organization
The Trump family's holding company; recipient of foreign licensing fees, club income, and project revenue documented in the 2025 disclosure.
Profile sources: U.S. Office of Government Ethics The Wall Street Journal
Claims involving The Trump Organization (4)
A Trump-branded Qatar golf deal involves a firm backed by Qatar's sovereign wealth fund
The April 2025 deal raises a documented question under the Trump Organization's own pledge against new foreign-government transactions.
Developers paid Trump's company $38 million in 2025 licensing fees for projects in Qatar, Saudi Arabia, the UAE, and Oman
The fees arrived while the administration negotiated arms sales and investment pacts with the same governments.
Mar-a-Lago earned nearly $77.5 million in 2025 — up more than 50% — and the golf portfolio nearly $395 million
Club revenue and raised entry fees grew at properties that double as venues for donors and policy seekers.
Documented relationships (7)
Swipe table horizontally to inspect every relationship field →
| Subject | Relationship | Object | Establishes / does not establish | Sources |
|---|---|---|---|---|
| Donald J. Trump | benefits from | The Trump Organization | The 2025 OGE disclosure reports income to Trump from Trump Organization ventures, including clubs and licensing. Does not establish: That any specific revenue stream resulted from official action. | U.S. Office of Government Ethics The Wall Street Journal |
| CIC Digital LLC | affiliate of | The Trump Organization | Described in reporting as a cryptocurrency firm affiliated with the Trump Organization. Does not establish: The precise corporate relationship, which is not detailed in reviewed sources. | ABC News |
| The Trump Organization | contracted with | Qatari Diar | A Qatar golf-resort licensing deal involving the sovereign-wealth-backed firm, per NYT, AP, and CNN. Does not establish: The deal's fee terms or any link to US policy toward Qatar. | The New York Times Associated Press CNN |
| The Trump Organization | contracted with | DAMAC Properties | Management and licensing fees of roughly $12.5 million paid in 2025 for Dubai and Abu Dhabi projects, per The National's review of the disclosure. Does not establish: Any link between the fees and US policy toward the UAE. | The National U.S. Office of Government Ethics |
| The Trump Organization | contracted with | Dar Global | Licensing partnerships on Gulf projects including Saudi Arabia and Oman, within the $38 million of 2025 Gulf fees reported by WSJ. Does not establish: Per-project fee splits inside the disclosure's ranges. | The Wall Street Journal |
| The Trump Organization | contracted with | Hung Yen Hospitality Services | Partnership on the $1.5 billion Hung Yen project approved by Vietnam in May 2025, per Reuters. Does not establish: Total fees over the project's life. | Reuters Reuters |
| The Trump Organization | owns | Mar-a-Lago Club | Mar-a-Lago is a Trump family property whose income appears on the president's disclosure. Does not establish: — | The Independent U.S. Office of Government Ethics |
On the timeline
- 2025-04-30 Business Trump Organization's Qatar golf deal with sovereign-wealth-backed Qatari Diar reported
- 2025-05-16 Business Vietnam approves the $1.5 billion Trump Organization partner project
- 2025-05-21 Business Groundbreaking on the Vietnam golf complex, with Vietnam's prime minister attending