Nicki Minaj Pledges Funds to Support ‘Barbz’ Babies’ Trump Accounts

Rap artist Nicki Minaj is making headlines by pledging substantial financial support to help her fans, known as the “Barbz,” set up tax-advantaged investment accounts for their newborns. The initiative is part of a new program launched by the Trump administration, scheduled to roll out this year.

Overview of the Initiative

Under this program, children born between January 1, 2025, and December 31, 2028, will be eligible for a $1,000 grant from the Treasury Department to help kickstart their accounts. Additionally, parents can contribute up to $5,000 per year until the child turns 18, while employers can add up to $2,500 annually.

Nicki Minaj’s Involvement

Minaj is expected to announce her contributions, estimated between $150,000 and $300,000, at a summit with President Trump and key officials like Treasury Secretary Scott Bessent. Her involvement aims to support the financial literacy of the next generation.

Minaj’s Motivations

In her statement, Minaj expressed her love for her fans and emphasized the challenges of raising a child. “I know raising a child can be expensive and challenging,” she noted. Her own experiences growing up have fueled her desire to help others achieve financial stability.

Impact on Communities

Minaj believes the program has the potential to bridge socioeconomic gaps, particularly in urban communities facing financial hardships. She stated, “This program will benefit everyone, decreasing the gap for future prosperity between children who traditionally aren’t born with a full bank account and those who are.”

Additional Contributions

Minaj isn’t the only one contributing to this initiative. Other notable donors include:

• Michael and Susan Dell, who pledged $6.25 billion for the initiative.
• Hedge fund manager Ray Dalio, contributing $75 million in Connecticut.
• Corporate giants like BlackRock and Visa, which have also committed funds.

How to Participate

The accounts are part of Trump’s One Big Beautiful Bill, which was enacted on July 4, 2024. Future contributions will be accepted starting July 4, 2026, via a new IRS form, dubbed Form 4547, which will be available on the Treasury’s website.

As Minaj continues her advocacy, she highlights the importance of teaching young children about money management and investing, skills essential for future financial independence.