Billionaire Michael Dell Donates $6.25 Billion To ‘Trump Accounts’ For 25 Million Kids
Topline
Billionaire Michael Dell and his wife, Susan, announced Tuesday they committed $6.25 billion to fund new investment accounts for roughly 25 million U.S. children with “Trump accounts,” a Trump administration program unveiled earlier this year to grant funding to newborn Americans.
The Dell CEO unveiled the savings accounts with President Donald Trump earlier this year, with plans to fund $1,000 in investment accounts for U.S. children.
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Key Facts
The Dells will seed Trump accounts with $250 for children who are 10 or under who were born before Jan. 1, 2025, according to the nonprofit advocacy group Invest America.
This is a developing story.