U.S. Treasury Launches "Trump Accounts" for Children; Nicki Minaj Pledges Up To $300,000
The U.S. Treasury Department hosted a summit on January 28, 2026, in Washington, D.C., to mark the launch and promote "Trump Accounts." This new type of tax-advantaged individual retirement account for children was introduced with significant fanfare, including an announcement from musician Nicki Minaj of a contribution ranging from $150,000 to $300,000 to fund these accounts for her fans.
Summit Highlights and Account Overview
The summit, live-streamed on X, featured key remarks from President Trump and Treasury Secretary Scott Bessent. The agenda focused on detailing the functionality of Trump Accounts, discussing their projected economic impacts, and emphasizing the administration’s stated dedication to expanding financial opportunities for American families.
"Trump Accounts," also known as Section 530A accounts, are designed to encourage early wealth building for children.
These accounts permit contributions from a variety of sources, including parents, guardians, employers, and other donors. Their establishment was mandated by the "One Big Beautiful Bill Act," which was passed last year.
Key Participants and Future Promotion Plans
A notable array of public figures attended the summit. Confirmed participants included Nicki Minaj, businessman Kevin O’Leary, actress Cheryl Hines, conservative influencer Isabel Brown, political consultant Alex Bruesewitz, Senator Ted Cruz, and Michael Dell. White House Press Secretary Karoline Leavitt was also listed among the attendees.
Secretary Bessent had previously indicated that a commercial promoting the accounts would be broadcast during the Super Bowl next month, following the national anthem.
Nicki Minaj's Philanthropic Pledge
During her attendance at the summit, Nicki Minaj made a significant announcement. She pledged between $150,000 and $300,000 to establish Trump Accounts for her fanbase.
The specific eligibility criteria for receiving a share of this contribution were not immediately clear. The New York Post reported that the grant could potentially benefit her fans, often referred to as "Barbz." Following the event, requests for comment from the White House and Minaj's representatives did not receive immediate responses.