Dan Alexander on Trump Family's Financial Ties to Saudi Arabia

Trump's Business Ownership and Involvement

• 💡 Donald Trump still owns his business entities, with federal filings showing he holds 100% ownership in most, contradicting his claim of having "nothing to do with the family business."
• ⚠️ Documents indicate that Trump's family has a minority stake (20%) in only a couple of deals, while he retains 80%, suggesting his statements about his involvement are inaccurate.

Financial Benefits from Saudi Arabia

• 💰 A critical partnership with Saudi Arabian company Dar Global has been significant for Trump's global real estate licensing business.
• 📈 Dar Global paid Donald Trump approximately $21 million in 2024, with indications of more deals and substantial payments to come.
• 🤝 The total number of deals with Dar Global could potentially reach 10-15, solely within the real estate licensing sector.

Impact on Trump's Golf Business

• ⛳ Live Golf, a Saudi-backed competitor to the PGA Tour, has brought professional golf events back to Trump's courses.
• 🏆 This influx of events, estimated at around $6 million, has restored prestige to his courses, especially after other tours distanced themselves following January 6th.
• 🏅 The presence of big names and major golf events at Trump's courses provides significant prestige, even if the direct financial gain is not the primary benefit.