Rapper backs Trump Accounts initiative at D.C. summit, declares support for president
Rapper Nicki Minaj pledged between $150,000 and $300,000 Wednesday to support Trump Accounts, a new federal savings program for children, while declaring herself President Donald Trump’s “No. 1 fan” at an economic summit in Washington, D.C.[1][2]
The musical superstar appeared alongside prominent business leaders and celebrities at the Trump Accounts Summit, where she publicly aligned herself with the administration and its affordability agenda. “I am probably the president’s No. 1 fan, and that’s not going to change,” Minaj told the crowd after Trump invited her onstage.[1][2] “The hate — or what people have to say — it does not affect me at all. It actually motivates me to support him more.”[2]
Minaj’s appearance marks her latest high-profile backing of Trump as the Nicki Minaj Trump alignment deepens. She criticized opposition to the president, saying, “We’re not going to let them get away with bullying him. He has a lot of force behind him, and God is protecting him.”[2]
Matching Corporate Support Grows
The rapper joins a growing roster of major corporations pledging to match the federal government’s $1,000 seed contribution to Trump Accounts. JPMorgan Chase and Bank of America announced Wednesday they will match the contribution for eligible employees, while Robinhood, BlackRock, BNY, Charles Schwab, and So-Fi made similar pledges.[1]
Dell Technologies founder Michael Dell and his wife previously pledged more than $6 billion to the program in December.[2]
How Trump Accounts Work
The accounts, created under Trump’s One Big Beautiful Bill law, automatically seed $1,000 for each child born between January 1, 2025, and December 31, 2028.[1][2] According to the White House, annual contributions are capped at $5,000, with funds invested in broad stock market indices.[2]
Account holders cannot access the money until age 18, when withdrawals follow standard IRA rules. The White House projects that fully funded accounts left untouched could grow to approximately $1.9 million by age 28.[2]
There are no income requirements for the federal contribution, and all U.S. citizens born during the eligible window qualify automatically.[1] The program is expected to launch next summer, though registration systems and account custody details remain unclear.[1]
Political Timing
Trump Accounts have become central to the administration’s affordability message ahead of the November midterms, a pivot from Democrats’ successful 2024 campaign messaging on the cost of living.[1] Trump emphasized the program’s focus on economic opportunity rather than government assistance. “We’re doing something much better than giving a handout,” Trump said. “We’re giving them ownership of America’s future.”[1]
The federal government’s $1,000 contribution to each eligible account will cost taxpayers approximately $3.6 billion annually, based on current U.S. birth rates.[1] Trump administration officials have indicated the funding will come from initiatives within One Big Beautiful Bill, including a proposed 3.5% remittance tax on money sent abroad.[1]
