Trump Promotes $5 Million 'Gold Card' Residency Program Aboard Air Force One
The program, which has raised $5 billion from 1,000 initial sales, offers U.S. residency to wealthy foreign investors and features Trump's personal branding.
- President Trump showcased the $5 million 'Gold Card' to reporters, highlighting its design and his personal purchase as the program's first buyer.
- The program aims to replace the EB-5 visa, simplifying immigration for wealthy individuals and generating significant revenue for the U.S. government.
- Commerce Secretary Howard Lutnick confirmed the sale of 1,000 Gold Cards in late March, raising $5 billion in a single day, though the program has not officially launched.
- Unlike the EB-5 visa, the Gold Card program removes investment preferences for rural or high-unemployment areas, raising concerns about fairness and potential corruption.
- The administration estimates that over 37 million people globally could afford the card, positioning it as a tool to address the $36.5 trillion national debt.
The Independent 
The Daily Beast 
Washington Examiner 
One America News Network 
Hindustan Times 
New York Post 
Mediaite 