Trump Announces Michael Dell Donating $6 Billion Into Trump Accounts' For Newborns
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Trump Announces Michael Dell Donating $6 Billion Into Trump Accounts' For Newborns
"But that is why he has been so successful and they have been so successful in life and in business, because they're unique. He continued by explaining, Trump Accounts will be the first, I guess you could say, real trust funds for every American child, allowing family members, employers, corporations, generous donors to contribute money that will be invested and grow over the course of a child's life, to be used for their benefit after they turn 18."
"President Donald Trump on Tuesday announced tech kingpin Michael Dell the man behind Dell Computers and other electronics donated $6.25 billion to fund Trump Accounts, the new investment accounts created for babies and toddlers. The president announced the donation from Dell, as well as his wife, Susan Dell, during a press conference at the White House. Dell's funding will jumpstart the new accounts that were included in the One Big Beautiful Bill, with 25 million kids receiving $250 in their fresh Trump Accounts,"
"The Dell donation, the Associated Press reported, builds on the Trump Accounts infrastructure, making it possible for Americans with kids 11 and under to claim their $250 slice. Basic Trump Accounts will be funded with $1,000 from the U.S. Department of the Treasury; Children born between the start of 2025 and December 31, 2028 will be eligible for those accounts."
President Donald Trump announced a $6.25 billion donation from Michael and Susan Dell to fund Trump Accounts, new investment accounts for babies and toddlers. Dell's funding will jumpstart accounts included in the One Big Beautiful Bill, delivering $250 to 25 million children and enabling Americans with kids 11 and under to claim that amount. Basic Trump Accounts will be seeded with $1,000 from the U.S. Treasury for children born between 2025 and December 31, 2028. The accounts are private property controlled by parents or guardians, track the stock market, accept contributions, and are intended for use after age 18.
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