Donald Trump’s $5 million Gold Card in demand! Indian professionals from these sectors show big interest; what happens to EB-5 visa?
Trump’s Gold Card: Who Is Interested?
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Indian nationals are making enquiries regarding Trump's Gold Card, according to Prachi Shah, who established and leads her namesake legal practice. "Most of the interest so far is coming from professionals in the tech, finance, and healthcare sectors," Shah said.
Whilst initial interest from Indian High Net-worth Individuals appears substantial, it remains to be seen how many preliminary enquiries will result in actual applications, noted Keshav Singhania, who heads the private client division at Singhania & Co, a legal firm.
No Official Launch Of Gold Card
It is important to note that the Gold Card programme presently lacks legislative support. Experts suggest that the programme's publicity is primarily driven by marketing efforts rather than genuine demand.
The current online registration portal appears to collect only basic details without requiring substantial documentation, according to experts.
"Without such filters, it is difficult to ascertain whether these registrants are genuinely interested and eligible, or simply curious," Shah said.
"We are urging caution to our clients until the legislation framework is in place and full details are made available," said Singhania.
The Trump Gold Card website presently displays a notification registration system for those interested in receiving updates about the programme's launch.
Alexander Jovy, a lawyer, points out that the United States lacks both a legal structure and an official policy or executive order to initiate a Gold Card immigration programme. "While the idea is gaining traction, it remains a proposal, not a legally recognised immigration pathway," he said.
Also Read | Why have H-1B visa applications plunged? Blame it on steep fee hike & Donald Trump’s anti-immigration stance
With Gold Card, What Happens To EB-5?
Speculation suggests that the Gold Card might replace the current EB-5 visa programme, spurring an increase in EB-5 applications due to its lower investment requirements, as previously reported by ET.
According to experts, the Gold Card and EB-5 programmes can operate simultaneously as distinct schemes. Whilst people await the official introduction of the Gold Card, numerous individuals are considering well-established alternatives such as EB-5, H-1B, or National Interest Waiver programmes.
Rajneesh Pathak, who established Global North Residency and Citizenship, told ET that his firm, which specialises in immigration and investment advisory services, is receiving enquiries from clients regarding how the Gold Card might affect the EB-5 programme's future.
"We are advising our clients that at this stage EB-5 is live and kicking ...also Gold Card can be a success only if it comes with no tax on global income," Pathak said.
Donald Trump net worth: What are US President Donald Trump’s biggest investments? What makes him a billionaire? Donald Trump's actual net worth remains difficult to determine precisely, despite his self-proclaimed billionaire status. According to a New York Times report, Trump's net worth has seen a considerable rise in the early stages of his second term, largely attributed to his cryptocurrency investments, potentially surpassing $10 billion. However, a substantial portion of this wealth remains tied up in non-liquid assets.
Whilst certain components of his financial holdings, such as stock market and cryptocurrency investments, are publicly trackable, other aspects of his business dealings are less transparent. We take a look at what makes up Donald Trump’s over $10 billion net worth: (AI image)
Donald Trump’s crypto holdings, estimated at $7.1 billion, make up the biggest chunk of his net worth. Digital currencies mark a new territory for the Trump family's ventures. In a short time span, Trump has developed a diverse cryptocurrency portfolio across multiple industry segments, according to the NYT report.
Memecoin: A significant portion of Trump's holdings materialised through "$TRUMP", a digital currency launched prior to his assumption of office in January. Trump and his associates maintain control over the majority of the created $TRUMP coins. (AI image)
At the current rate of approximately $8.67, these assets are valued at approximately $6.9 billion. However, this valuation presents limited liquidity: Trump's coins have trading limitations, and large-scale sales would substantially reduce the price. The exact ownership distribution between Trump and his partners remains undisclosed.
Furthermore, Trump collects transaction fees from each memecoin transfer. According to Chainalysis, a crypto analytics firm, these fees have accumulated at least $320 million, shared amongst the Trump family and their business partners. (AI image)
World Liberty Financial: The president's cryptocurrency endeavours have been remarkably successful, going beyond his achievements with memecoins. The crypto company he helped establish during his presidential campaign last year, World Liberty Financial, has generated considerable income through sales of its digital currency, WLFI.
A Trump family business receives 75% of token sale proceeds after reaching a $30 million benchmark and accounting for expenses. (AI image)
In March, World Liberty reported $550 million in token sales, followed by additional sales of $25 million and $100 million. The Trump family's earnings likely exceeded $300 million, though the president's specific earnings will be revealed in his upcoming annual financial report.
According to his recent disclosure, the president holds over 15 billion World Liberty tokens. (AI image)
Donald Trump’s portfolio comprises at least $2.2 billion, allocated among stocks, bonds and cash instruments. Truth Social, managed via Trump Media & Technology Group, stands as the second-largest asset in the president's portfolio, surpassed only by his cryptocurrency investments. His stake of 115 million shares currently equates to roughly $2 billion at present market rates, the NYT report said.
The value remains theoretical until the shares are sold. Since taking office, the company's share price has notably decreased. At its highest point, his shareholding was valued at approximately $6 billion. (AI image)
According to Donald Trump’s 2024 financial disclosure statement, the president holds a substantial investment portfolio worth at least $236 million. The precise value remains unclear, owing to the broad ranges utilised in financial disclosure documentation.
A significant disclosure filing revealed his investment in a money-market fund exceeding $50 million, though without an upper boundary specified, preventing calculation of the total value of his investment portfolio. (AI image)
An examination by NYT of Donald Trump's prior year's financial records determined how his investments were allocated between bonds, cash and stocks.
Using the stated minimum values for each investment, bonds made up about 60% of the total portfolio, whilst cash and equivalent holdings accounted for approximately 30%, with stocks being less than 10%. Municipal bonds dominated the bond segment, representing nearly 80 per cent of bond investments based on minimum declared values.
His investment holdings across stocks, bonds and cash yielded at least $13 million in combined dividend and interest income over the previous year. (AI image)
Donald Trump’s Real estate and other business holdings: It's least $1.3 billion! Trump has an extensive real estate portfolio, which includes hotels, residential projects, golf courses and commercial buildings. Despite market variations, these assets remain central to his financial holdings.
The valuation of his property portfolio remains complex, with financial statements showing only approximate values. His current disclosure identifies 19 real estate assets valued above $50 million each, though specific maximum values are not provided. His combined property and business interests are valued at a minimum of $1.3 billion, not including Trump Media and World Liberty. (AI image)
Donald Trump royalty income: Through various consumer product licensing agreements, Donald Trump has generated significant income from royalty payments, encompassing items ranging from footwear to musical instruments. According to his financial records, these licensing contracts produced revenue of at least $11 million throughout 2024. (AI image)
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