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Billionaire Michael Dell Pledges $250 to First 25 Million Children Joining Trump Savings Program
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מאת אריה רוזן
Economy12:50 · Jul 5

Billionaire Michael Dell Pledges $250 to First 25 Million Children Joining Trump Savings Program

Kikar HaShabbatReligious
Translated & summarized from Kikar HaShabbat by baba
The story · English

American billionaire Michael Dell, founder of Dell Technologies, and his wife Susan have announced a $250 donation for each of the first 25 million American children enrolled in the new "Trump Accounts" savings program. This initiative, launched on U.S. Independence Day, is a collaboration with the Trump administration aimed at encouraging savings and investments among the younger generation.

The program provides a $1,000 government-funded investment for every American child born between January 1, 2025, and December 31, 2028. Parents can register their children when filing tax returns and manage the accounts until the children turn 18. In addition to the government grant, the Dells will contribute $250 per child for the first 25 million participants. Parents may also add up to $5,000 annually, with funds invested in American company stocks.

President Donald Trump stated the program is expected to channel between $3 trillion and $4 trillion in capital to young Americans over the next 15 years, describing it as an initiative that will provide children with a "financial foothold for their future." Forbes estimated Michael Dell's net worth in May 2026 at over $245.8 billion. Dell emphasized the goal of giving every child a real opportunity to build economic security through education, homeownership, entrepreneurship, and wealth accumulation over time.

Read the original at Kikar HaShabbat
Full coverage · 1 outlets
First: Kikar HaShabbat · Jul 5

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