U.S President Donald Trump is all set to announce details about "Trump accounts" today. Ahead of President Trump's big announcement this afternoon, Michael Dell and his wife Susan Dell declared that billionaire couple will deposit $250 each in the investment accounts of 25 million American children, in a $6.25 billion philanthropic pledge as part of the Trump administration's Invest America initiative.
The initiative, known as "Trump accounts", was created this year under President Donald Trump's One Big Beautiful Bill Act. The U.S. Treasury will deposit $1,000 into investment accounts for all children born between 2025 and 2028. The funds - required to be invested in an index fund that mirrors the performance of the broader stock market - become available at age 18 for education, job training, a first home or starting a business.
According to Forbes Real Time Net Worth list, Chairman and CEO of Dell Technologies Michael Dell has a net worth of $150.5 billion. As per the Bloomberg Billionaires Index, Michael Dell has a net worth of $148 billion. He was the youngest CEO to feature in the Fortune 500.
Susan Dell, who is married to Michael Dell, is the co-founder of the Michael & Susan Dell Foundation in 1999. Susan Dell's net worth is estimated at $2.5 billion, as per The City Celeb news outlet.
"We believe this effort will expand opportunity, strengthen communities, and help more children take ownership of their future," the Dells said in a statement.
They said the funds are mainly aimed at children up to the age 10, but kids above that age may benefit if funds remain available after initial sign-ups.
The Invest America accounts are expected to open on July 4 next year, but details about how they will work are still unknown.
Earlier U.S. Treasury Secretary Scott Bessent had come under fire after he described these accounts as a "backdoor for privatizing Social Security".
However, he later clarified his remarks in a post on X. "Trump Baby Accounts are an additive benefit for future generations, which will supplement the sanctity of Social Security's guaranteed payments," Bessent said.
Q1. Who have donated in 'Trump Accounts'?
A1. Michael Dell and his wife Susan Dell declared that billionaire couple will deposit $250 each in the investment accounts of 25 million American children, in a $6.25 billion philanthropic pledge as part of the Trump administration's Invest America initiative.
Q2. When will Donald Trump make 'Trump Accounts' announcement?
A2. U.S. President Donald Trump will make 'Trump Accounts' announcement at 2 pm (ET) on Tuesday.
The initiative, known as "Trump accounts", was created this year under President Donald Trump's One Big Beautiful Bill Act. The U.S. Treasury will deposit $1,000 into investment accounts for all children born between 2025 and 2028. The funds - required to be invested in an index fund that mirrors the performance of the broader stock market - become available at age 18 for education, job training, a first home or starting a business.
Michael Dell Net Worth
According to Forbes Real Time Net Worth list, Chairman and CEO of Dell Technologies Michael Dell has a net worth of $150.5 billion. As per the Bloomberg Billionaires Index, Michael Dell has a net worth of $148 billion. He was the youngest CEO to feature in the Fortune 500.
Susan Dell Net Worth
Susan Dell, who is married to Michael Dell, is the co-founder of the Michael & Susan Dell Foundation in 1999. Susan Dell's net worth is estimated at $2.5 billion, as per The City Celeb news outlet.
Michael Dell-Susan Dell Investment in Trump Accounts
"We believe this effort will expand opportunity, strengthen communities, and help more children take ownership of their future," the Dells said in a statement.
They said the funds are mainly aimed at children up to the age 10, but kids above that age may benefit if funds remain available after initial sign-ups.
The Invest America accounts are expected to open on July 4 next year, but details about how they will work are still unknown.
Earlier U.S. Treasury Secretary Scott Bessent had come under fire after he described these accounts as a "backdoor for privatizing Social Security".
However, he later clarified his remarks in a post on X. "Trump Baby Accounts are an additive benefit for future generations, which will supplement the sanctity of Social Security's guaranteed payments," Bessent said.
FAQs
Q1. Who have donated in 'Trump Accounts'?
A1. Michael Dell and his wife Susan Dell declared that billionaire couple will deposit $250 each in the investment accounts of 25 million American children, in a $6.25 billion philanthropic pledge as part of the Trump administration's Invest America initiative.
Q2. When will Donald Trump make 'Trump Accounts' announcement?
A2. U.S. President Donald Trump will make 'Trump Accounts' announcement at 2 pm (ET) on Tuesday.
