US President Donald Trump's ‘Trump Accounts’ have officially launched this week, with supporters of the program ranging from the founder of Dell Technologies to rapper Nicki Minaj, who was welcomed by the president at the White House as he celebrated his new initiative.
The program will provide US citizens born between 2025 and 2028 a government-funded investment account of $1,000 that families can build on, adding a new savings vehicle to a raft of other tax-efficient college savings plans and retirement accounts.
In celebration of the first trading day for Trump accounts, the president rang the opening bell of the New York Stock Exchange (NYSE) from the White House, and hosted lunch for supporters of his plan, including Minaj, who herself has pledged between $150,000 and $300,000 to “the children of her incredible fans.”
Trump, Minaj have become fans of each other during president's second term
“She's a big Trump supporter or Trump fan. Nicki makes a lot of money, and she's generously stepping up,” Trump said in January.
Minaj, who was critical of Trump during his first term over his immigration policies, has since declared herself “probably the president's number one fan.”
For his part, Trump has shared his love for the rapper, calling her “so hot” and “respected” during Monday’s event.
Reuters contributed to this report.