The Wealthy People Pledging to Fund Trump Accounts

Key Points:

• Dell CEO Michael Dell and his wife Susan pledged $6.25 billion to Trump Accounts, contributing $250 each to 25 million children aged 10 or younger living in ZIP codes with median incomes of $150,000 or less, excluding children born after January 1, 2025.
• Hedge fund manager Ray Dalio and his wife are contributing $250 to Trump Accounts for approximately 300,000 children in Connecticut under age 10, focusing on lower-income ZIP codes to promote equal opportunity.
• Altimeter Capital CEO Brad Gerstner is funding $250 contributions for all children under 5 in Indiana, contributing tens of millions of dollars and credited with originating the Trump Accounts concept.
• Celebrities like Nicki Minaj and SpaceX president Gwynne Shotwell have also pledged donations to Trump Accounts, with Shotwell and her husband donating SpaceX shares to benefit over two million children, primarily in lower-income areas.
• The initiative aims to promote financial literacy and opportunity for children nationwide, with endorsements and contributions from prominent business leaders and public figures, while details on Elon Musk’s involvement remain undisclosed.