Donald Trump Proposes $5 Million Gold Card For Wealthy Foreigners Seeking U.S. Citizenship

Aimee Cherry Quartey
By
Donald Trump Proposes $5 Million Gold Card For Wealthy Foreigners Seeking U.S. Citizenship
Donald Trump
President Donald Trump has unveiled a new immigration initiative aimed at attracting affluent foreign nationals by offering a $5 million GOLD CARD that provides permanent U.S. residency and a pathway to citizenship. This program is set to replace the existing EB-5 Immigrant Investor Program, which has faced criticism for its susceptibility to fraud and lower investment thresholds.  

Speaking from the Oval Office, President Trump described the gold card as an enhanced version of the traditional green card, stating, “We’re going to be putting a price on that card of about $5 million… and wealthy people will be coming into our country by buying this card.”  

Commerce Secretary Howard Lutnick emphasized the program’s intent to attract “world-class global citizens” and criticized the EB-5 program for being “full of nonsense, make believe and fraud.” The gold card initiative aims to streamline the process for wealthy individuals to obtain U.S. residency without the job creation requirements mandated by the EB-5 program.  

The administration anticipates launching the gold card program within the next two weeks, with the goal of generating significant revenue and reducing the national debt through the influx of affluent residents. President Trump noted the potential appeal to a diverse group of wealthy individuals, including tech entrepreneurs and top graduates from prestigious institutions.  

While the proposal has garnered attention for its potential economic benefits, it has also raised questions regarding the ethics of monetizing U.S. residency and the implications for the nation’s immigration policies.

Comments

MORE FROM
music

More From 3Music News

KiDi Illuminates Creative Sector’s Role At Oxford Business Forum
music | entertainment | fashion & lifestyle | culture | BY Aimee Cherry Quartey | March 17th, 2025

KiDi Illuminates Creative Sector’s Role At Oxford Business Forum

Ghanaian Afrobeat artiste and producer KiDi recently participated as a guest speaker at the 16th annual Oxford Africa Business Forum, held on March 14th to 15th, 2025, at Saïd Business School, University of Oxford

Moliy Releases Music Video for SHAKE IT TO THE MAX ( Fly) With Shenseea And Skillibeng
music | entertainment | fashion & lifestyle | culture | BY Aimee Cherry Quartey | March 17th, 2025

Moliy Releases Music Video for SHAKE IT TO THE MAX ( Fly) With Shenseea And Skillibeng

Ghanaian-American singer Moliy has released the official music video for the remix of her hit single Shake It To The Max (FLY), featuring Jamaican artistes Shenseea and Skillibeng

Darkoo Set To Host First Ever Concert in London
music | entertainment | fashion & lifestyle | culture | BY Aimee Cherry Quartey | March 17th, 2025

Darkoo Set To Host First Ever Concert in London

British-Nigerian artiste Darkoo has announced her first-ever headline concert, scheduled for April 28th, 2025, at KOKO in London

Darkua Announces Debut EP, IT’S NEVER TOO LATE
music | entertainment | fashion & lifestyle | culture | BY Aimee Cherry Quartey | March 17th, 2025

Darkua Announces Debut EP, IT’S NEVER TOO LATE

Ghanaian Afro-Soul and R&B artiste Darkua has officially announced her upcoming EP, Never Too Late, set for release on March 20th, 2025

Krak Afriq Announces Return To The Music Scene with New Song, PRECIOUS
music | entertainment | fashion & lifestyle | culture | BY Aimee Cherry Quartey | March 17th, 2025

Krak Afriq Announces Return To The Music Scene with New Song, PRECIOUS

Ghanaian artiste Krack Afriq has announced his return to the music scene with a new single titled PRECIOUS, featuring B.Brefo, known for his hit Odoyewu

Cina Soul Releases Debut Album, DID I LIE
music | entertainment | fashion & lifestyle | culture | BY Aimee Cherry Quartey | March 17th, 2025

Cina Soul Releases Debut Album, DID I LIE

Ghanaian vocalist Cina Soul has released her debut album, Did I Lie?, on March 14th, 2025

Ayra Starr’s COMMAS Surpasses 100Million Streams On Spotify
music | entertainment | fashion & lifestyle | culture | BY Aimee Cherry Quartey | March 17th, 2025

Ayra Starr’s COMMAS Surpasses 100Million Streams On Spotify

Nigerian singer-songwriter Ayra Starr’s hit single COMMAS has surpassed 100 million streams on Spotify, marking her fourth track to achieve this milestone

Tyler Perry Confirms Season 2 of Beauty In Black
entertainment | fashion & lifestyle | culture | BY Aimee Cherry Quartey | March 17th, 2025

Tyler Perry Confirms Season 2 of Beauty In Black

Netflix has officially renewed Tyler Perry’s drama series, Beauty in Black, for a second season

Doechii Honoured As Billboard’s 2025 Woman Of The Year
music | entertainment | fashion & lifestyle | culture | BY Aimee Cherry Quartey | March 17th, 2025

Doechii Honoured As Billboard’s 2025 Woman Of The Year

Doechii, the dynamic rapper and singer from Tampa, Florida, has been honored as Billboard’s 2025 Woman of the Year

3Music TV 40 Women in African Entertainment
entertainment | BY Lerny Lomotey | March 14th, 2025

3Music TV 40 Women in African Entertainment

3Media Networks and 3Music TV acknowledge the contributions of all selected ubertalented creative personalities and entrepreneurs. In honour of International Women’s Day 2025, we congratulate you all for your strides and progress in the entertainment industry in and beyond your countries and beyond the African continent.

Ayra Starr Joins Star-Studded Cast of Children of Blood and Bone Film Adaptation
music | entertainment | fashion & lifestyle | culture | BY Aimee Cherry Quartey | March 10th, 2025

Ayra Starr Joins Star-Studded Cast of Children of Blood and Bone Film Adaptation

Nigerian Afrobeats star Ayra Starr has been announced as a lead actress in the upcoming Hollywood adaptation of Tomi Adeyemi’s bestselling novel, Children of Blood and Bone

Stonebwoy’s UP & RUNNIN6 Concert Ignites London’s O2 Shepherd’s Bush Empire
music | entertainment | fashion & lifestyle | culture | BY Aimee Cherry Quartey | March 10th, 2025

Stonebwoy’s UP & RUNNIN6 Concert Ignites London’s O2 Shepherd’s Bush Empire

On Saturday, March 8th, 2025, Ghanaian dancehall star Stonebwoy electrified the O2 Shepherd’s Bush Empire in London with his sold-out UP & RUNNIN6 concert

More Similar Videos

No similar videos to show related to this post. Explore other sections.