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Mukesh Ambani has emerged as one of the global real estate developers backing former President Donald Trump’s real estate projects. According to Trump’s annual financial disclosure the Trump Organization received $44.6 million in foreign licensing and development fees in 2024 from Trump-branded commercial or residential developments in Vietnam Dubai Saudi Arabia and more as reported by The Wall Street Journal. It is a significant increase compared to $8.2 million in 2023 and $9.4 million in 2022. According to the disclosure report it included a $10 million development fee from Reliance 4IR Realty Development a subsidiary of a company owned by Mukesh Ambani that payment was for the licensing of the Trump name for the project in Mumbai. The Wall Street Journal has reported that it is unclear what Mumbai project the $10 million development fee from Reliance is associated with. Earlier this year in January Mukesh Ambani attended President Trumps inauguration in the United States. Last month he attended a state dinner in Doha hosted by the Emir of Qatar for the U.S. President. Unlike previous administrations that have sought to avoid potential conflicts of interest the Trump Organization has become increasingly involved in foreign business transactions. This shows the Trump familys continued interest in expanding their business even though Donald Trump is the U.S. President.