Nicki Minaj speaks with Erika Kirk during AmericaFest, the first Turning Point USA summit since the death of Charlie Kirk, in Phoenix, Arizona, U.S., December 21, 2025. REUTERS/Caitlin O'Hara
(New York, New York) – Rap superstar Nicki Minaj is pledging hundreds of thousands of dollars to help fund new $1,000 tax-advantaged investment accounts for her fans’ newborn children as part of a Trump administration initiative launching this year, according to sources familiar with the plan.
Minaj is expected to join Donald Trump, Treasury Secretary Scott Bessent, and other officials at a Trump Accounts summit Wednesday promoting the program’s tax-deferred investment accounts for children.
Sources say Minaj’s contributions could total between $150,000 and $300,000, helping establish baby “Barbz” accounts. The final figure has not been set. The announcement is expected alongside Trump adviser Alex Bruesewitz, who has developed a close relationship with the artist.
“I absolutely love my Barbz,” Minaj said in a statement. “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.”
Children born between January 1, 2025, and December 31, 2028, will be eligible for a $1,000 Treasury Department contribution to open an account. Parents may contribute up to $5,000 annually, while employers can add $2,500 per year until the child turns 18. Funds cannot be accessed before adulthood.
Minaj, whose reported net worth exceeds $190 million, said the initiative could help narrow wealth gaps and boost financial literacy, particularly in underserved communities.
“This program will benefit everyone, decreasing the gap for future prosperity between children who traditionally aren’t born with a full bank account and children who are,” she said.
The initiative is part of Trump’s One Big Beautiful Bill, signed into law on Independence Day last year. The accounts will be administered through a new IRS filing, Form 4547, with enrollment opening on the Treasury Department’s website in May. Bessent said contributions will begin rolling in on July 4, 2026.
Minaj joins several high-profile donors backing the program, including Michael and Susan Dell, hedge fund manager Ray Dalio, and companies such as BlackRock, Visa, Mastercard, Uber, and Charter Communications.
