A surprising alliance took shape Wednesday as rap icon Nicki Minaj publicly endorsed a new financial initiative championed by President Trump. The announcement came during a summit in Washington, where Minaj appeared alongside the President and Treasury Secretary Scott Bessent.
The program, officially designated as Section 530A accounts, aims to build long-term wealth for children through tax-advantaged savings. Functioning similarly to IRAs, these accounts are specifically designed for minors, offering a potential financial head start.
Minaj revealed a significant personal investment in the program, contributing between $150,000 and $300,000 of her own funds. She expressed a sentiment rooted in personal experience, stating, “If I had access to something like this, my whole life would have been different.”
The initiative provides an initial $1,000 deposit from the U.S. Treasury for children born between 2025 and 2028, contingent on parental enrollment. A growing number of major employers are also committing to match these federal contributions for their employees’ children.
Early adoption of the program appears strong, with approximately 600,000 families already applying since the start of the 2026 tax season, according to Treasury Secretary Bessent. Details regarding the allocation of Minaj’s contribution are still emerging, with indications it may benefit her dedicated fanbase, known as the “Barbz.”
This public display of support follows a recent appearance by Minaj at the America Fest summit, where she voiced strong opinions on current political issues. She directly criticized Governor Gavin Newsom’s policies, sparking a lively reaction from the crowd.
Minaj didn’t shy away from expressing her admiration for the President, declaring herself his “number one fan” and dismissing any criticism as inconsequential. The artist’s endorsement marks a notable moment, blending the worlds of music, finance, and politics.
President Trump reciprocated the praise, hailing Minaj as the “greatest female rapper of all time” and sharing a story about his daughter’s excitement over Minaj’s attendance at the summit. The event underscored a unique partnership and a shared vision for financial empowerment.
