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[k1976]

Trump’s $5M ‘Gold Card’ visa was pitched as a debt solution for $39T debt — but only 1 has been sold so far​

Jessica Wong
Thu, 30 April 2026 at 12:05 AM SGT
4 min read
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With the U.S. sitting on nearly $39 trillion in national debt and more than $1 trillion a year just going to interest payments, Washington has been entertaining an unconventional way to bring in cash.

The $5 million “Gold Card” would let wealthy foreigners essentially buy their way into U.S. residency, and President Donald Trump floated it as a potential multitrillion-dollar revenue fix.

 

[k1976]

Singapore ultra-wealthy population to grow 46% in next five years; buying power fell for luxury homes
By Ashley Lo and Fiona Lam | April 23, 2026

The amount of square footage that a US$1 million budget could secure shrank across many markets. In Singapore, this buying power declined by 22%. (Image: Unsplash)
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As the Asia Pacific (Apac) continues to cement its place as a dominant global wealth hub — nearly 31% of the global ultra-high-net-worth individual (UHNWI) population now sits within the region — Singapore helms an important chapter.

The number of UHNWIs in Singapore has increased by 55% in the past five years, from 4,642 in 2021 to 7,171 in 2026, and is forecast to climb a further 46% in the next five years.

Global property consultancy Knight Frank expects the city-state’s ultra-wealthy population — those with US$30 million ($38.29 million) or more — to reach 10,497 by 2031, according to the global property consultancy’s latest edition of The Wealth Report released on April 23.

 

[k1976]

Global UHNW (at least US$30 million) population

Source: Knight Frank Research, Forbes
Meanwhile, the number of billionaires in Singapore has gone up from 28 in 2021 to 63 this year, and could further increase by 35% to reach 85 by 2031, Knight Frank notes.

That said, the spending power of US$1 million has also fallen sharply in many prime locations around the globe, with overall prices of luxury homes increasing worldwide and in Apac.

Between 2020 and 2025, the amount of square footage that a US$1 million budget could secure shrank across many markets, with the steepest contractions in Dubai (–66%), Tokyo (–41%), Miami (–40%) and Los Angeles (–28%). That is according to Knight Frank’s Prime International Residential Index 100, which is included in the wealth report. It reflects intense appreciation in global prime residential markets, the consultancy says.

In Singapore, this buying power declined by 22% over the same five-year period. Back in 4Q2020, US$1 million could have purchased 36 sq m of prime residential space in the country. That fell to 28 sq m as at 4Q2025.

Spending power of US$1 million (4Q2020 to 4Q2025)

Source: Knight Frank Research, Macrobond

 

[syed putra]

Any new home grown billionaires or most are airlifted into the island?