President Donald Trump revealed a $5 million "gold card" for wealthy migrants, featuring his image, during a press briefing aboard Air Force One.
Showcasing the design, Trump described the card as a symbol of exclusivity and opportunity, stating, "For $5 million, this could be yours."
“That was the first of the cards. You know what that card is?”
“It’s the gold card — the Trump card,” Trump said.
Trump shows journalists a gold card featuring his face: “For $5 million this could be yours”
He does this on the very day the market wipes out $2.6 trillion in value,while millions of Americans fear for their jobs amid a looming recession. So out of touchpic.twitter.com/ZpFZP4PK6n— Republicans against Trump (@RpsAgainstTrump) April 3, 2025
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Trump claimed that he was the first buyer but wasn’t sure who the second buyer was and explained that the card “will be out in less than two weeks, probably.”
ALSO READ: What is Trump's Gold Card for immigrants, $5 million 'pathway to US citizenship'?
The Gold Card would replace the existing EB-5 Immigrant Investor Visa Program, which currently allows foreign investors to obtain Green Cards if they invest at least $800,000 in projects located in Targeted Employment Areas (TEAs) or $1.8 million elsewhere, while also creating at least ten US jobs. Trump dismissed the EB-5 system as inefficient and outdated.
Commerce Secretary Howard Lutnick previously claimed last month that more than 1,000 gold cards had been sold and that over 37 million people globally have the means of buying one, reports New York Post.
Over the past two and a half decades, there have been 135,518 EB-5 visas issued, according to data from the Invest In the USA (IIUSA) trade association of program participants.
Published By:
Satyam Singh
Published On:
Apr 4, 2025
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