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President Donald Trump is once again making waves—this time with a high-stakes visa program called the Gold Card. The initiative offers permanent U.S. residency to ultra-rich global citizens who are willing to pay $5 million—that’s about ₹41.5 crores in Indian currency.
This ground-breaking visa program has captured the attention of billionaires and businesspeople around the world. According to Commerce Secretary Howard Lutnick, the program has already sparked global buzz. He claimed that 1,000 Gold Cards were sold in a single day, bringing in $5 billion (₹41,500 crore) in revenue.
Lutnick also said, that there are around 37 million people globally who can afford the Gold Card. He said on the All-In Podcast that Trump believes the U.S. can eventually sell up to a million of these visas. The idea came during a discussion between Trump and billionaire investor John Paulson, after which Lutnick joined the planning team. Interestingly, Elon Musk is said to be helping build the software system for this program.
Lutnick explained that if he weren’t already an American, he would buy six Gold Cards, one each for himself, his wife, and his family. He believes it’s a smart backup option in case of emergencies like war or crisis, allowing people to move to the U.S. and start a new life or business.
However, the program has sparked debate. Many critics argue that $5 million or ₹41.5 crore is an extremely high amount, making U.S. residency a luxury only the ultra-rich can afford. By comparison, the current EB-5 visa program allows immigrants to get a green card by investing just $1 million (₹8.3 crore) in a U.S. business—or $800,000 (₹6.6 crore) that employs at least 10 people in targeted low-income areas
The Gold Card would replace this older EB-5 system by offering a faster route to permanent residency. However, it does not guarantee U.S. citizenship. Lutnick said most buyers would probably choose not to become citizens to avoid U.S. global taxation laws. Instead, they’ll gain the right to live in the U.S. permanently, without giving up their current citizenship.
In 2024, over 4,500 EB-5 visas were issued. Trump now plans to make the Gold Card visa unlimited, meaning there will be no cap on how many can be sold—if buyers can pay.
The new visa has already raised billions of dollars and attracted interest from wealthy families worldwide. While some say it’s a smart move to raise funds and attract talent, others feel it sets a dangerous example—where now only the riches can live the American dream.
With Elon Musk involved, Trump’s vision taking shape, and global interest growing, the Gold Card visa is quickly becoming one of the most controversial and talked-about immigration policies in the world
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