From playing golf with the president to speaking at Trump’s Madison Square Garden Rally, Grant Cardone is a vocal supporter of the Trump Administration. One particular initiative Cardone has rallied behind is Trump’s gold card initiative. The new card, known as Trump Gold, allows foreigners to buy U.S. citizenship and tax breaks for $1 million to $5 million.
According to Cardone, the program will attract the best of society. In a post on X, he explained further: “Smart way to attract money & bring in more conservative voters. These people bring with them purchasing power and investments and spend money and create jobs.”
Through his eyes, the Trump Gold Card will have a significant impact on the U.S. economy and strengthen the country. Here are a few reasons why Cardone could be right.
Quick Take: What Is Trump’s Gold Card?
Trump’s Gold Card is a new U.S. immigration program floated at the beginning of 2025 and officially launched in December 2025, offering wealthy foreigners a fast-tracked path to U.S. residency through making a significant financial contribution to the U.S. Treasury. It comes with a steep price tag with contributions starting at $1 million in exchange for lawful permanent status, bypassing traditional requirements.
Here is a breakdown of the tiers for Trump’s Gold Card:
- Trump Gold Card (Individual): Pay a $15,000 processing fee, pass vetting and make a $1 million contribution to get U.S. residency.
- Trump Corporate Gold Card: Companies pay $2 million to sponsor an employee for residency, with options to transfer the card to other employees for a fee.
- Trump Platinum Card: A future option requiring a $5 million contribution for special tax breaks
Read Next: When Trump Says He Has ‘Solved’ Inflation, This Is What It Means for You
Learn More: How Middle-Class Earners Are Quietly Becoming Millionaires — and How You Can, Too
1. Investing in the United States
A primary benefit of the Trump Gold Card is that businesses will seemingly be investing in America. Instead of taxpayers footing the bill through corporate tax credits, the companies that come into America have to invest their own capital. Having other companies create the facilities and set up shop in America creates more jobs without costing taxpayers additional money.
The U.S. economy could end up with a lower unemployment rate as international companies boost their exposure to the United States. Some companies may set up facilities in the United States in order to avoid tariffs, just as Taiwan Semiconductor Manufacturing did earlier this year.
2. Chipping Away at the National Debt
The Trump Gold Card could also make it easier to chip away at the national debt. Cardone noted that with each Gold Card bringing in up to $5 million into the U.S., one million passes could generate $5 trillion. The government can then immediately put those proceeds toward the debt, which would ultimately result in lower inflation and lower interest rates.
Caitlyn Moorhead contributed to the reporting for this article.
Editor’s note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com.
More From GOBankingRates
- Trump's $2K Dividend: Who Qualifies and How You'll Get It
- Elon Musk Predicts 'Universal High Income' Will Pay For Everything -- How Much Would You Get?
- How Middle-Class Earners Are Quietly Becoming Millionaires -- and How You Can, Too
- 5 Things You Must Do When Your Savings Reach $50,000
This article originally appeared on GOBankingRates.com: 2 Reasons Why Grant Cardone Is a Fan of Trump’s Gold Card Initiative
