Business & Finance

Michael Dell Praises Growing Support for Trump Accounts, Highlights Major Donors

By Garvit Bhirani

The Trump Accounts program, a child investment initiative launched under President Donald Trump’s tax and spending legislation, is receiving increasing backing from wealthy donors and business leaders. Michael Dell, founder of Dell Technologies, called the program a growing movement after noting contributions from prominent Silicon Valley figures. In a post on X, Dell detailed donations from executives and philanthropists, including SpaceX President and COO Gwynne Shotwell and billionaire investor Ray Dalio, and said the initiative had reached a point where a “moment has become a movement.”

Dell highlighted several high‑profile contributions. Shotwell and her husband, Robert, are donating one share of SpaceX stock to each of more than 2 million children aged 11 to 17 in lower‑income communities, a contribution valued at approximately $325 million. Ray Dalio and his wife, Barbara, are contributing an additional $250 for children across Connecticut. Brad Gerstner, founder of Altimeter Capital, is donating $250 to Trump Accounts for more than 140,000 children in Indiana. Dell thanked Gerstner for organizing Invest America and turning the idea into reality.

The program aims to give American children an early stake in the stock market. Eligible children under 18 can open an account, and the U.S. Treasury will provide a one‑time $1,000 contribution for children born between January 1, 2025, and December 31, 2028. Dell and his wife, Susan, have pledged $6.25 billion to provide $250 contributions for 25 million children aged 10 and younger in eligible lower‑ and middle‑income communities.

According to Dell’s post, about 9 million accounts have been opened, and the program is on track to automatically create accounts for all 70 million American children using Social Security data. Dell urged parents to claim accounts for their children, arguing that private donor contributions could widen the program’s reach.

The article was written by journalist Garvit Bhirani, a Deputy Chief Content Producer at LiveMint. Bhirani has six years of journalism experience and holds bachelor’s and master’s degrees in journalism and mass communication from Guru Gobind Singh Indraprastha University and Gurugram University. He can be reached on LinkedIn or X.