Nicki Minaj to pledge money for Trump Accounts as she appears at the president’s event

WASHINGTON — Rapper Nicki Minaj is pledging money to support President Donald Trump’s “Trump Accounts.”

The “Anaconda” rapper made an appearance at the president’s event Wednesday about child investment accounts. Trump invited Minaj to the stage, where she made brief remarks and doubled down on her support for the president. 

“The hate or what people have to say, it does not affect me at all. It actually motivates me to support him more,” she said. 

Minaj did not talk about “Trump Accounts,” the subject of the event.

Once she finished, she stood back as “Shark Tank” judge Kevin O’Leary spoke briefly, and Minaj and Trump held hands.

At the event, the Trump administration urged families to sign up for so-called “Trump Accounts” while filing taxes this year. The federal government created the new investment accounts for all children born between 2025 and 2028, administration officials said on the program’s website. Each account will start with $1,000 from the federal government, and will allow families to contribute $5,000 annually and employers to contribute $2,500 per year per employee. 

The program got a $6.25 billion boost from billionaires Michael and Susan Dell in December. The Dells’ gift will use the “Trump Accounts” infrastructure to give $250 to each qualified child under 11.

According to CNBC, Minaj is pledging between $150,000 and $300,000 to fund her fans’ “Trump Accounts.” The rapper did not specify who would be eligible for her contribution. 

Minaj shared a statement to the New York Post, which first broke the news of her contribution. 

“I absolutely love my Barbz,” Minaj told the outlet on Wednesday. “I want to see them bring healthy, and successful children into the world. Becoming a mother was the greatest thing that’s ever happened to me, and I want others to experience the same joy my son has brought into my life.”

In an X post on Jan. 24, Minaj also referenced Wednesday’s summit. 

“The true meaning of paying it forward.  Early financial literacy & financial support for our children will give them a major head start in life,” Minaj said. “In some cases, they will end up teaching their very own parents how to invest & what to invest in. This makes me very happy. “

Parents must fill out an IRS Form 4547 to make the election to establish an initial Trump Account for eligible children. The form will also allow parents to elect the $1,000 contribution from the U.S. Treasury, if applicable to the child. 

Beginning in May 2026, after the election is made, the Treasury or its agent will send information to activate the account through an authentication process and complete the opening of the initial Trump account.

As part of the initiative’s launch, parents of older children are also encouraged to open accounts, but they won’t get the $1,000 bonus. That money is reserved for babies born during the calendar years of the Trump administration.

To qualify for the $1,000 seed money, a baby must be a U.S. citizen, have a Social Security number and be born between Jan. 1, 2025, and Dec. 31, 2028. Any parent can open an account for a qualifying child, regardless of the parent’s immigration status.

The child won’t be able to access the money until they turn 18, except in rare circumstances, so it can’t help with immediate expenses. And disbursements from the accounts will be subject to taxes.

The Associated Press contributed to this report.