CELEBRITY
Rapper Nicki Minaj is set to appear at a Treasury Department summit promoting a new Trump administration pilot program that would provide government-funded investment accounts to certain children.
Washington, D.C. — Rap superstar Nicki Minaj made headlines this week by appearing at a high-profile U.S. Treasury Department summit promoting a major economic policy initiative introduced by the Trump administration: a new government-seeded investment account program for children.
The event — formally dubbed the “Trump Accounts Summit” — brought together politicians, business leaders, celebrities and financial experts to spotlight a program that could change how young Americans begin building long-term savings.
Newsmax
What Are “Trump Accounts”?
“Trump Accounts” are a new type of tax-advantaged investment account created by federal law under President Donald Trump’s One Big Beautiful Bill Act. Under the initiative, the U.S. Treasury will deposit $1,000 in stock-market investments into a specially designed account for every U.S. child born between January 1, 2025, and December 31, 2028 — as long as the child has a valid Social Security number.
AP News
Parents and guardians can contribute up to $5,000 per year pre-tax, while employers can add up to $2,500 annually. These funds are invested in low-cost index funds and can only be accessed when the child turns 18, ideally to pay for college, start a business or make a home purchase.
Reuters
The accounts are intended to help children build savings early and introduce families to investing — a goal the administration says will empower millions to participate in long-term wealth building.
Newsmax
Nicki Minaj: From Pop Icon to Policy Advocate
Nicki Minaj’s appearance at the summit was one of the most unexpected developments in a policy rollout that has already drawn corporate and philanthropic interest. The Grammy-nominated rapper used her platform to publicly back the program and even announced she is personally pledging hundreds of thousands of dollars to help fund these accounts for babies within her fan base — particularly those of her “Barbz” community.
People.com
“I am probably the president’s No. 1 fan,” Minaj said during her remarks, adding that criticism over her political stance has only strengthened her resolve to support the initiative.
AOL
In statements ahead of the summit, she described the accounts as a way to pay it forward to the next generation, providing early financial literacy, support and the potential for greater economic opportunity.
Black America Web
Celebrity and Corporate Support
Minaj wasn’t the only high-profile supporter on hand. The summit featured speeches and appearances by President Trump, Treasury Secretary Scott Bessent, investor Kevin O’Leary, and others. The rollout of Trump Accounts has also attracted massive private contributions — for example, Michael and Susan Dell committed over $6 billion to the effort late last year.
Major banks, including Bank of America and JPMorgan Chase, have pledged to match the government’s $1,000 seed contribution for their employees’ children and are working to support broader adoption.
Reuters
Wider Debate and Reaction
While supporters hail the accounts as a transformative opportunity to expand financial inclusion for future generations, critics caution that the program doesn’t provide immediate support for children in poverty and may not substitute for stronger social safety nets. Many financial planners also stress that the long-term benefits depend heavily on regular contributions and market performance — not merely the initial $1,000 seed.
Still, early interest appears significant. Treasury officials reported that more than half a million families have already signed up to participate ahead of the July 2026 launch.
Investing.com
What Happens Next?
“Trump Accounts” are expected to open for contributions on July 4, 2026, with parents able to register earlier this spring using a new IRS form. As the rollout continues, the Treasury Department plans more outreach and public engagement efforts — including major advertising campaigns — to promote the program to families nationwide.