The BareStory
On Wednesday, January 28, 2026, rapper Nicki Minaj joined President Donald Trump at a summit in Washington, D.C., to promote Section 530A accounts, a federal initiative designed to encourage early wealth building for children. During the event, a presidential adviser confirmed that Minaj intends to contribute between $150,000 and $300,000 to help fund these accounts for her supporters.
The program, colloquially known as "Trump accounts," provides an initial $1,000 Treasury deposit for children born between 2025 and 2028. Treasury Secretary Scott Bessent stated that 600,000 families have already applied for the benefits. Several corporations and philanthropists, including Michael and Susan Dell, have also announced pledges to match funds or provide additional deposits. Minaj had previously posted on social media that early financial literacy provides children with a significant "head start in life."
While appearing on stage, Minaj declared herself to be "probably the president's number one fan" and stated that criticism of her political views only motivates her further. She added her belief that the president is "protected by God." President Trump remarked to Minaj that his administration had performed well with her community.
Investor Kevin O'Leary also addressed the summit, praising the administration’s pro-business policies and highlighting the job creation statistics of small and mid-sized companies. Wednesday’s appearance continues Minaj's public engagement with the administration during the president's second term, following her attendance at previous conservative conferences.
How it may affect me
As a U.S. reader:
Families with children born between 2025 and 2028 are eligible to apply for Section 530A accounts, which provide an initial $1,000 federal deposit to support early wealth creation.
Program participants may receive additional financial boosts through private sector involvement, as philanthropists and corporations have pledged to match funds or provide extra deposits for these accounts.
Specific supporters of Nicki Minaj may be eligible to receive a portion of the $150,000 to $300,000 she has pledged to contribute toward these investment vehicles.
Parents interested in the initiative join a substantial applicant pool, with Treasury officials confirming that 600,000 families have already applied for the available benefits.