Donald Trump’s Gold Card: What ₹43 crore can buy you in India – Luxury cars, properties, and more | Mint

Donald Trump’s Gold Card: What  ₹43 crore can buy you in India – Luxury cars, properties, and more | Mint

Source: Live Mint

US President Donald Trump on Tuesday announced the idea of launching a “gold card”, which could replace the EB-5 visa program and the green card issued through it for immigrants.

Talking to reporters at the Oval Office, Donald Trump said that the gold card visa will allow foreign investors to invest large sums of money and create or preserve US jobs to become permanent residents.

“We are going to be selling a gold card… We are going to be putting a price on that card of about $5 million,” Trump said.

“It’s going to give you green card privileges plus it’s going to be a route to (American) citizenship, and wealthy people would be coming into our country by buying this card,” he added.

In terms of Indian rupees, currently $5 million is equivalent to around 43 crore. A net worth of 43 crore is considered huge in India, and you can do a number of things with the money in your country.

Here is what 43 crore can get you in India.

Buy luxury properties

Some luxury properties in places like Mumbai can cost more than 43 crore, but you can still get apartments at around the same price in posh areas of the city. In cities like Delhi, Gurugram, Noida and Bengaluru, you can buy multiple luxury apartments. In cities like Kolkata, you will be able to afford ultra luxury properties at this price.

Also Read | US Gold Card Visa: Will Trump’s proposed alternative to EB-5 give citizenship?

Invest and earn passive income

According to a trending post on X, if you invest 43 crore in a fixed deposit, considered one of the most low-risk, low-return investments, it will give you a passive income of around 3 crore per year, without taxes.

Investing in the stock market, or in gold, can get you more return, subject to risks.

Buy multiple Rolls Royce cars

If you are a car lover, your Rolls Royce dream can come true with 43 crore. The Rolls-Royce Phantom VIII EWB, one of the most luxurious cars of the company, starts at around 12 crore in India as per reports. This means that you can buy three of those cars and still have 7 crore left.

Also Read | Trump Gold Card: Will the new visa replace EB-5 programme and green cards?

Feed children

According to latest updates from the government, the price of one meal for the mid-day meal scheme or PM-POSHAN has been hiked to 9.29 for children in the upper primary classes. With 43 crore, you can sponsor 4.68 meals for children in India.

Tour around the world

For all the travel lovers out there, embarking on your dream world tour will become easier than ever if you have 43 crore in hand. If you have a budget of 20 lakh, you can tour around the world over 217 times.

Also Read | Mint Quick Edit | Trump’s $5 million price tag on a US visa is no big shock

Buy hundreds of iPhone 16 Pro phones

An iPhone 16 Pro, the latest and the most luxurious version of the Apple smartphones, cost 1,20,000 in India. With 43 crore, you can buy over 3,629 iPhone 16 Pro phones in India.

Not only these, you can overall lead a life of luxury if you have 43 crore in India, since the cost of living is lower than many countries.

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