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Estimates of how many millionaires could afford to buy Trump's proposed visa range from 1.5 to 3.3 million people, according to recent reports.

President Trump is floating the idea of a new "gold card" visa that would be sold to wealthy foreigners for $5 million.

The administration says the new “gold card” will launch in two weeks, replacing the US's current EB-5 visa program.

Former US President Donald Trump unveiled the USD 5 million 'Gold Card' visa, replacing the EB-5 investor green card program. The plan aims to attract wealthy immigrants and boost the economy.

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"The total number of applicants, if the golden visa is going to replace the EB5, will drop significantly," Hu told Reuters, adding global tax liabilities were always a concern for rich people. Trump ...