Mukesh Ambani's Reliance Partners with Trump Organisation for Mumbai Real Estate Project
India's richest man, Mukesh Ambani, has joined the ranks of foreign developers by paying a $10 million development fee to the Trump Organisation for a Trump-branded project in Mumbai.
Mukesh AmbaniReliance IndustriesTrump OrganisationReal EstateForeign InvestmentReal EstateJun 18, 2025
New Delhi: Reliance 4IR Realty Development, a unit of a company controlled by multibillionaire Mukesh Ambani, has paid a $10 million “development fee” to the Trump Organisation, the real-estate firm owned by US President Donald Trump, for licensing the Trump name in Mumbai.
With the payment, Ambani, India’s richest man, has joined the ranks of foreign developers pouring money into Trump’s real-estate firm, reported The Wall Street Journal. According to the president’s annual financial disclosure report, investors planning Trump-branded projects in Vietnam, Dubai, and Saudi Arabia, among other locations, paid the Trump Organisation $44.6 million in foreign licensing and development fees in 2024. This amount is more than the $8.2 million received in 2023 and $9.4 million received in 2022 by the Trump Organisation.
At the moment, it’s not yet clear which specific project in Mumbai Reliance paid the development fee for, said the WSJ report. In January this year, Ambani attended Trump’s inauguration in the US and was also a guest at the state dinner held last month in Doha, hosted by the Qatar Emir for the US President.
While previous administrations sought to keep the presidency separate from potential conflicts of interest, the Trump Organisation has seen an increase in such foreign deals, which reflects the Trump family’s strategy of continuing expansion plans while Trump is in office as the incumbent US President. In the first term, the Trump Organisation had pledged to halt foreign dealmaking while Trump was in office, a move that put a stop to any new real-estate projects from the company.
Donald Trump Jr., a company executive who oversees the president’s assets with his brother, Eric Trump, said at a Qatar-based conference in May that recusal from deals didn’t stop criticism, so this time the family has lowered the self-imposed guardrails—vowing only to avoid direct deals with foreign governments.
“We said we’re going to play by the rules, but we’re not going to go so far as to stymie our business forever,” Donald Trump Jr. said, reported The Wall Street Journal. Representatives of Reliance did not respond to requests for comment, the WSJ report noted.
Reliance Industries, founded by Mukesh Ambani's father, Dhirubhai Ambani, is one of the largest and most diversified business conglomerates in India. The company has a significant presence in various sectors, including energy, petrochemicals, and telecommunications. This partnership with the Trump Organisation marks a significant step in Reliance's expansion into the real estate market, leveraging the Trump brand's global recognition and prestige.
Frequently Asked Questions
What is the amount Reliance 4IR Realty Development paid to the Trump Organisation?
Reliance 4IR Realty Development paid a $10 million development fee to the Trump Organisation for licensing the Trump name in Mumbai.
How much did the Trump Organisation receive in foreign licensing and development fees in 2024?
The Trump Organisation received $44.6 million in foreign licensing and development fees in 2024.
What is the strategy of the Trump Organisation regarding foreign deals while Trump is in office?
The Trump Organisation has lowered the self-imposed guardrails and is continuing expansion plans, avoiding only direct deals with foreign governments.
Who is Reliance Industries and what sectors does it operate in?
Reliance Industries is one of the largest and most diversified business conglomerates in India, operating in sectors such as energy, petrochemicals, and telecommunications.
What is the significance of the Trump brand in global real estate?
The Trump brand is globally recognized and prestigious, making it an attractive partner for real estate developers looking to enhance the value and appeal of their projects.
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