Michael and Susan Dell Donate $6.25 Billion to Support ‘Trump Accounts’ for Kids
Michael and Susan Dell have announced a remarkable donation of $6.25 billion aimed at establishing investment accounts for American children. This initiative will support at least 25 million kids through what are known as “Trump Accounts.”
The Purpose of the Donation
The funds are designated for creating accounts that parents can manage for their children. These investment accounts are part of a broader proposal termed “One Big Beautiful Bill Act,” introduced by former President Donald Trump.
Key Features of the Trump Accounts
- Launch Year: 2026
- Initial Funding: $1,000 provided by the U.S. Treasury for each account
- Eligibility: All U.S. citizen children born between January 2025 and January 2029
- Target Group: Children ages 10 and under at the time of the donation
The Dells’ contribution will specifically fund $250 deposits for these investment accounts, addressing a significant number of children who fall outside the initial Treasury funding period. The Dells stated, “If there’s one investment that never stops growing, it’s investing in children. They are our future.”
The Impact of the Donation
According to the Michael & Susan Dell Foundation, the Dells have made $2.9 billion in previous donations. This latest pledge more than doubles their previous contributions, emphasizing their commitment to supporting youth.
Michael Dell, CEO of Dell Technologies, ranks as the 11th richest person globally, with a net worth of $148 billion according to the Bloomberg Billionaires Index. He has actively supported the “Trump Accounts” initiative, appearing at the White House in June alongside other corporate leaders.
This donation signifies a significant investment in the future of young Americans, providing them with more than just a savings account. It aims to equip them with confidence, opportunity, and the momentum needed to thrive.
This is an evolving story and will continue to develop as more details emerge.
