• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsDonald Trump

Trump wants nations to pay $1 billion to stay on his peace board

By
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Bloomberg
Bloomberg
Down Arrow Button Icon
January 17, 2026, 5:29 PM ET
President Donald Trump speaks during the United Nations General Assembly on September 23, 2025 in New York City.
President Donald Trump speaks during the United Nations General Assembly on September 23, 2025 in New York City.Michael M. Santiago/Getty Images

The Trump administration is asking countries that want a permanent spot on his new Board of Peace to contribute at least $1 billion.

Recommended Video

According to a draft charter for the proposed group seen by Bloomberg, President Donald Trump would serve as its inaugural chairman and would decide on who is invited to be members. Decisions would be taken by a majority, with each member state present getting one vote, but all would be subject to the chairman’s approval.

“Each Member State shall serve a term of no more than three years from this Charter’s entry into force, subject to renewal by the Chairman. The three-year membership term shall not apply to Member States that contribute more than USD $1,000,000,000 in cash funds to the Board of Peace within the first year of the Charter’s entry into force,” the draft says.

Critics are worried that Trump is trying to build an alternative, or rival, to the United Nations, which he has long criticized.

The board is described in the charter as “an international organization that seeks to promote stability, restore dependable and lawful governance, and secure enduring peace in areas affected or threatened by conflict.” It would become official once three member states agree to the charter.

Trump would also be responsible for approving the group’s official seal, the document says.

Trump has invited a number of world leaders, including Argentina’s Javier Milei and Canada’s Mark Carney, to be part of a Board of Peace for Gaza, which would be formed under the broader umbrella of his new Board of Peace.

That plan attracted swift criticism from Israeli Prime Minister Benjamin Netanyahu, who said the details hadn’t been coordinated with his country.

Read More: Gaza ‘Board of Peace’ Takes Shape as Israel Raises Concern

Several European nations have been invited to join the peace board, according to people familiar with the matter. The draft appears to suggest Trump himself would control the money, something that would be considered unacceptable to most countries who could have potentially joined the board, said the people, who spoke on condition of anonymity to discuss private matters.

Several nations strongly oppose the draft of Trump’s charter and are working on collectively pushing back against the proposals, the people added.

A US official confirmed to Bloomberg News that while members would be able to join for free, the $1 billion fee would grant permanent membership. The money raised will be used directly to accomplish the Board of Peace’s mandate to rebuild Gaza, said the official who spoke on condition of anonymity. The board will ensure almost every dollar raised is used to execute its mandate, the official added.

The Board of Peace would convene voting meetings at least annually and “at such additional times and locations as the Chairman deems appropriate,” the draft charter says. The agenda would be subject to approval by the chairman. The peace board would hold regular non-voting meetings with its executive board. Such meetings would be convened on at least a quarterly basis.

Read More: Trump Pulls US From 31 Bodies in UN, Already in Fiscal Peril

Trump would also have the power to remove a member, subject to a veto by a two-thirds majority of member states. “The Chairman shall at all times designate a successor for the role of Chairman,” the charter says.

On Friday, the White House announced a first executive panel that would include Secretary of State Marco Rubio, Middle East envoy Steve Witkoff, Trump’s son-in-law Jared Kushner and former UK Prime Minister Tony Blair before the formation of the overall board.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Lists Calendar
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Lists Calendar
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

Tech leaders, Donald Trump, and Melania Trump sit at a table.
Big TechLobbying
Big Tech is spending $226,000 a day on lobbying Congress, advocacy group finds
By Jacqueline MunisApril 23, 2026
48 minutes ago
GOP senator blocking Warsh makes his stand on market stability
BankingFederal Reserve
GOP senator blocking Warsh makes his stand on market stability
By Steven T. Dennis and BloombergApril 22, 2026
12 hours ago
rep. david scott
PoliticsCongress
Georgia Democrat Rep. David Scott, ‘trailblazer’ seeking his 13th term in Congress, dies at age 80
By The Associated Press, Bill Barrow, Jeff Amy and Matt BrownApril 22, 2026
12 hours ago
kids paint at school
Politicsschools
Record numbers of kids are enrolling in state-funded preschool as Trump pushes states to cover costs amid federal funding for wars
By The Associated Press and Moriah BalingitApril 22, 2026
12 hours ago
Federal appeals court blocks California law requiring federal agents to wear badges or ID because it ‘attempts to directly regulate the U.S.’
LawCalifornia
Federal appeals court blocks California law requiring federal agents to wear badges or ID because it ‘attempts to directly regulate the U.S.’
By The Associated Press and Jaimie DingApril 22, 2026
14 hours ago
President Donald Trump
AITariffs
The AI boom is single-handedly carrying the U.S. import market—and adding $200 billion to the trade deficit, Fed study finds
By Tristan BoveApril 22, 2026
15 hours ago

Most Popular

‘Something sinister’: What we know about the FBI probe into dead and missing scientists linked to space and military industries
Economy
‘Something sinister’: What we know about the FBI probe into dead and missing scientists linked to space and military industries
By Jim EdwardsApril 22, 2026
23 hours ago
The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner
Real Estate
The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner
By Sydney LakeApril 21, 2026
2 days ago
'Something sinister could be happening': FBI looks into dead or missing nuclear and space defense scientists tied to NASA, Blue Origin, and SpaceX
Politics
'Something sinister could be happening': FBI looks into dead or missing nuclear and space defense scientists tied to NASA, Blue Origin, and SpaceX
By Catherina GioinoApril 21, 2026
2 days ago
John Ternus, the man stepping into Tim Cook and Steve Jobs' shoes, is a 25-year Apple veteran with zero LinkedIn posts
C-Suite
John Ternus, the man stepping into Tim Cook and Steve Jobs' shoes, is a 25-year Apple veteran with zero LinkedIn posts
By Kelvin Chan and The Associated PressApril 21, 2026
2 days ago
Palantir published a mini manifesto calling some cultures ‘harmful’ and ‘middling’ and said Silicon Valley has ‘a moral debt’ to the U.S.
AI
Palantir published a mini manifesto calling some cultures ‘harmful’ and ‘middling’ and said Silicon Valley has ‘a moral debt’ to the U.S.
By Marco Quiroz-GutierrezApril 22, 2026
1 day ago
$166 billion in tariff refunds just became available, but small businesses may already be at a disadvantage
Law
$166 billion in tariff refunds just became available, but small businesses may already be at a disadvantage
By Sasha RogelbergApril 20, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.