Mukesh Ambani's Reliance Partners with Trump Organization for Mumbai Real Estate
Reliance 4IR Realty Development, a unit of Mukesh Ambani's company, has paid a $10 million development fee to the Trump Organization for licensing the Trump name in Mumbai, joining the ranks of foreign investors in Trump’s real estate ventures.
Mukesh AmbaniTrump OrganizationReal EstateForeign InvestmentsTrump Name LicensingReal Estate NewsJun 18, 2025
With the payment, Ambani, India’s richest man, has joined the ranks of foreign developers pouring money into Trump’s real estate firm, as reported by 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 places, paid the Trump Organization $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 Organization.
At the moment, it’s not yet clear that Reliance paid the development fee to the Trump Organization for which specific project in Mumbai, according to 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 Organization has seen an increase in such foreign deals, reflecting 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 Organization had pledged a halt to 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, as reported by the WSJ.
Representatives of Reliance did not respond to requests for comment, the WSJ report noted.
Frequently Asked Questions
What is the amount paid by Reliance 4IR Realty Development to the Trump Organization?
Reliance 4IR Realty Development paid a $10 million development fee to the Trump Organization for licensing the Trump name in Mumbai.
Why did Mukesh Ambani pay the development fee?
Mukesh Ambani, through his company Reliance 4IR Realty Development, paid the development fee to license the Trump name for a real estate project in Mumbai.
How much did the Trump Organization receive in foreign licensing and development fees in 2024?
The Trump Organization received $44.6 million in foreign licensing and development fees in 2024.
What was the Trump Organization's strategy regarding foreign deals in the first term?
In the first term, the Trump Organization pledged a halt to foreign dealmaking while Trump was in office, which put a stop to any new real estate projects from the company.
What is the current stance of the Trump Organization on foreign deals?
The Trump Organization has lowered its self-imposed guardrails and now only vows to avoid direct deals with foreign governments, as stated by Donald Trump Jr.
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