:max_bytes(150000):strip_icc()/GettyImages-2258686448-1e3a7750e1384621a26fce6311c17a27.jpg "Rapper Nicki Minaj Will Make Donations To Fans’ Trump Accounts")
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Key Takeaways
- President Trump said that Nicki Minaj would donate hundreds of thousands of dollars to Trump Accounts for her fans’ children, with a New York Post report estimating the donation at $150,000 to $300,000.
- Trump Accounts were created by the One Big Beautiful Bill Act, and notable figures like Michael Dell and Ray Dalio have already announced large donations.
President Donald Trump announced that rapper Nicki Minaj is pledging hundreds of thousands of dollars in donations to her fans’ Trump Accounts, a new type of investment account for children.
“Nicki makes a lot of money, and she’s generously stepping up. She’s investing hundreds of thousands of dollars in Trump Accounts to support the children, and really, children of her incredible fans,” said President Trump today at a summit to launch Trump Accounts.
Minaj also attended the summit, saying: “I don’t know what to say, but I will say that I am probably the President’s number one fan.”
What This Means For You
It’s uncertain how much Nicki Minaj is donating to the Trump Accounts and who will be eligible to receive funds for their children’s accounts. For now, the Trump administration has pledged to make an initial $1,000 donation to babies born between 2025 and 2028. The accounts are set to launch later this year.
According to a report by New York Post, the musician—known for hits like ‘Super Bass’, ‘Anaconda,’ and ‘Super Freaky Girl’—intends to donate between $150,000 to $300,000 to her fans’ Trump accounts. However, the final amount remains uncertain, a source told the Post.
Additionally, there are have been no details released about how the funds will be administered and to whom, in particular, they will be distributed.
These accounts are set to launch on July 5, 2026 and were first established by the Trump administration in the One Big Beautiful Bill Act. Babies born between Jan. 1, 2025, and Dec. 31, 2028, are eligible for a one-time $1,000 donation from the U.S. Treasury that will be placed into an account that is similar to an IRA.
The accounts have a $5,000 annual contribution limit, which is indexed to inflation, and employers, parents, and nonprofits are eligible to make donations. A child cannot access the funds in a Trump Account until they turn 18. At that age, the account is converted to a traditional IRA where withdrawals are taxed at ordinary income tax rates.
Minaj isn’t the only high-profile individual to announce donations to these accounts.
In December 2025, Michael Dell, founder and CEO of Dell Technologies (DELL), planned to donate $6.25 billion, or $250 per Trump Account for 25 million children. The Dell donation will be available to children age 10 and under who live in ZIP codes with median incomes below $150,000, according to the White House.
Shortly afterward, Ray Dalio, founder of hedge fund Bridgewater Associates, announced that he would donate $250 to select children in Connecticut.
Additionally, many employers—such as Charles Schwab, Robinhood, and JPMorgan—have said they’ll match the one-time contribution the U.S. Treasury will make to Trump Accounts for newborns, contributing an additional $1,000 per child.
