eFinder

eFinder

Home › Article

Trump's $1 million 'Gold Card' fails to catch on among the world's wealthy

Cnbc · · 810 words · By Robert Frank
open_in_new Read the original article: https://www.cnbc.com/2026/05/08/trump-gold-card-wealth.html

fact_checkFact-Check Results

15 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

info Single Source 6
schedule Pending 5
cancel Disputed 2
check_circle Corroborated 1
help Insufficient Evidence 1
info
“President Donald Trump launched the "Gold Card" visa program last December”
SINGLE SOURCE
One web result mentions the Gold Card was launched in December as a fast-track for wealthy immigrants, but other results only confirm Trump's presidency in 2025. There are not two independent sources confirming the specific launch date.
travel_explore
web search NEUTRAL — The incumbent president is Donald Trump, who assumed office on January 20, 2025. [5][6] Since the office was established in 1789, 45 men have served in 47 presidencies.
https://en.wikipedia.org/wiki/List_of_presidents_of_the_Unit…
travel_explore
web search NEUTRAL — Under President Donald Trump’s second administration, the United States has surged into a new era of prosperity, marked by record-setting economic growth and trillions in new private-sector...
https://www.whitehouse.gov/
travel_explore
web search NEUTRAL — Click on a president below to learn more about each presidency through an interactive timeline. The table below the graphic provides a list of presidents of the United States, their birthplaces, polit…
https://www.britannica.com/topic/Presidents-of-the-United-St…
cancel
“applicants who pay $1 million for a Gold Card won't get faster visas”
DISPUTED
One source describes the Gold Card as a 'fast-track' for wealthy immigrants, while another source (IMI Daily) discusses the need for the program to have a 'distinct advantage' to be competitive, and the claim itself suggests they won't get faster visas. The evidence is contradictory regarding whether the processing is actually expedited.
travel_explore
web search NEUTRAL — The Trump Gold Card is a visa based upon an individual’s ability to provide a substantial benefit to the United States. To apply, an applicant must pay a nonrefundable, $15,000 DHS processing fee.
https://trumpcard.gov/
travel_explore
web search NEUTRAL — The Gold Card’s success will depend partly on its advantages over existing options. According to Lesperance, if the EB-5 continues alongside the Gold Card, “then the Gold Card program must have some d…
https://www.imidaily.com/analysis/nothing-is-as-simple-as-tr…
travel_explore
web search NEUTRAL — X content may contain adverts. Trump's gold card was launched in December, as a fast-track for wealthy immigrants like Minaj to get US citizenship. They pay $1 million (£723,650) and a $15,000 (£10,85…
https://www.bbc.com/news/articles/cp87l604nx8o
info
“Commerce Secretary Howard Lutnick predicted that the government would issue 80,000 Gold Cards and raise more than $100 billion in revenue”
SINGLE SOURCE
The search results for 'Commerce Secretary Howard Lutnick' returned generic information about Commerce City, Commerce Bank, and Commerce.gov, but no mention of these specific revenue projections or card counts.
travel_explore
web search NEUTRAL — Commerce City is located north of Denver and is a part of the Denver-Aurora-Centennial, CO Metropolitan Statistical Area and the Front Range Urban Corridor. Commerce City is known for being the home o…
https://en.m.wikipedia.org/wiki/Commerce_City,_Colorado
travel_explore
web search NEUTRAL — Commerce Bank offers personal and business banking, checking, mortgages, loans, investing, credit cards & more. Visit us online or at one of our locations.
https://www.commercebank.com/
travel_explore
web search NEUTRAL — Commerce.gov
https://www.commerce.gov/
info
“the Department of Homeland Security revealed in a legal filing last week that only 338 people have so far submitted requests for a Gold Card”
SINGLE SOURCE
The search results provide general information about the Department of Homeland Security but contain no mention of a legal filing regarding 338 Gold Card requests.
travel_explore
web search NEUTRAL — Creation of DHS constitutes the most diverse merger ever of federal functions and responsibilities, incorporating 22 government agencies into a single organization. [9]
https://en.wikipedia.org/wiki/United_States_Department_of_Ho…
travel_explore
web search NEUTRAL — The Department of Homeland Security (DHS) works to improve the security of the United States. The Department's work includes customs, border, and immigration enforcement, emergency response to natural…
https://www.usa.gov/agencies/u-s-department-of-homeland-secu…
travel_explore
web search NEUTRAL — Information on DHS Budget & Performance, Contact Us, Digital Strategy, Do Business with DHS, Employee Resources, History, and more.
https://www.dhs.gov/about-dhs
info
“Only 165 people have paid the $15,000 visa processing fee”
SINGLE SOURCE
The search results for '165' returned mathematical definitions and tax codes, but no information regarding the number of people paying a visa processing fee.
travel_explore
web search NEUTRAL — 165 (number) ... 165 (one hundred [and] sixty-five) is the natural number following 164 and preceding 166.
https://en.wikipedia.org/wiki/165_(number)
travel_explore
web search NEUTRAL — There shall be allowed as a deduction any loss sustained during the taxable year and not compensated for by insurance or otherwise.
https://www.law.cornell.edu/uscode/text/26/165
travel_explore
web search NEUTRAL — Apr 5, 2026 · Learn who can claim a casualty loss deduction under IRC Section 165, how to calculate what you're owed, and what documentation you'll need to support your claim.
https://legalclarity.org/how-to-deduct-a-casualty-loss-under…
info
“The website promised visas in "record time" and "a matter of weeks."”
SINGLE SOURCE
The search results provided dictionary definitions for the word 'official' rather than the content of a Gold Card website.
travel_explore
web search NEUTRAL — The meaning of OFFICIAL is one who holds or is invested with an office : officer. How to use official in a sentence.
https://www.merriam-webster.com/dictionary/official
travel_explore
web search NEUTRAL — OFFICIAL definition: 1. relating to a position of responsibility: 2. agreed to or arranged by people in positions of…. Learn more.
https://dictionary.cambridge.org/dictionary/english/official
travel_explore
web search NEUTRAL — 1. a person appointed or elected to an office or charged with certain duties. 2. of or pertaining to an office or position of duty, trust, or authority: official powers. 3. appointed, authorized, or a…
https://www.thefreedictionary.com/official
cancel
“The court filing said Gold Card applicants will not get special treatment or more rapid approval times than applicants for traditional visas”
DISPUTED
One source explicitly states the Gold Card allows for an 'expedited path' to permanent resident status, which directly contradicts the claim that applicants will not get more rapid approval times.
travel_explore
web search NEUTRAL — The United States Gold Card allows foreign nationals who contribute $1 million to obtain permanent resident status through an expedited path.Applicants must be eligible for lawful permanent resident s…
https://www.imidaily.com/united-states-gold-card/
travel_explore
web search NEUTRAL — 03Approval. Once an applicant is approved, a Trump Gold Card will be available for use throughout all 50 states and territories.
https://trumpcard.gov/
travel_explore
web search NEUTRAL — The State Department warns applicants to take these precautions: Only use official government websites ending in .gov — specifically dvprogram.state.gov for registration and travel.state.gov for progr…
https://www.visaverge.com/greencard/dv-2027-green-card-lotte…
check_circle
“The number of millionaires expected to move to another country in 2026 reached 165,000, according to Henley & Partners”
CORROBORATED
Three independent web search results consistently report that Henley & Partners projects approximately 165,000 millionaires will relocate internationally in 2026.
travel_explore
web search NEUTRAL — In 2025, approximately 142,000 millionaires relocated internationally — a historic peak that analysts at Henley & Partners expect to climb further, with projections placing 2026's figure at roughly 16…
https://privateconcierge.sg/blog/singapore-millionaire-migra…
travel_explore
web search NEUTRAL — A Record Year for Global Millionaire Migration 2025. This year, a projected 142,000 HNWIs—individuals with at least $1 million in liquid investable assets—are set to acquire residency or citizenship i…
https://aimproperties.ae/millionaires-on-the-move-the-larges…
travel_explore
web search NEUTRAL — A record 142,000 millionaires are planning to relocate this year, rising to 165,000 in 2026. Here's what is triggering the ‘great wealth migration’
https://www.livemint.com/news/trends/worlds-wealthiest-on-th…
info
“Trump sought to raise money from the demand by creating a new program, offering residency for a $1 million nonrefundable gift to the government”
SINGLE SOURCE
One source mentions applicants pay $1 million and a $15,000 fee for residency, but there is no second independent source to corroborate the 'nonrefundable gift' terminology or the specific program structure.
help
“Trump created the Gold Card through executive order”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results regarding the legal mechanism (executive order) used to create the Gold Card.
schedule
“It uses the existing visa categories, the EB-1 and EB-2”
PENDING
schedule
“Under the Gold Card, the $1 million automatically qualifies an applicant as having a special or extraordinary ability”
PENDING
schedule
“The lawsuit from the American Association of University Professors claimed that since Congress limits number of EB-1 and EB-2 visas each year, the Gold Card program will crowd out EB-1 and EB-2 applicants”
PENDING
schedule
“DHS said the Gold Card program has no impact on EB-1 and EB-2 applicants, since there are more than enough visas and the Gold Card has its own dedicated processing staff”
PENDING
schedule
“The program [EB-5] provides U.S. residency in exchange for an investment of $800,000 to $1 million that creates at least 10 full-time jobs”
PENDING
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.