Another billionaire to fund Trump’s kid investment accounts as new site is unveiled
What to know about Trump’s kid investment accounts as site is unveiled
- Billionaire investor Ray Dalio is committing funds to the new "Invest America" accounts for children in Connecticut, as confirmed by Treasury Secretary Scott Bessent.
- The initiative, established under President Donald Trump's One Big Beautiful Bill Act, aims to deposit $1,000 into investment accounts for all children born between 2025 and 2028.
- Major firms, including BlackRock, Charter Communications, and Uber, are supporting the scheme, with BlackRock pledging to match employee contributions.
- Entrepreneur Michael Dell and his wife, Susan, have committed a significant $6.25 billion to the individual accounts of 25 million American children.
- The "Invest America" accounts are scheduled to open on July 4 2026, allowing recipients to access funds at age 18 for education, job training, or purchasing a first home.