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View all search resultsInvestor Ray Dalio to help fund 'Trump accounts'
They join tech boss Michael Dell and his wife Susan in contributing to the so-called "Trump accounts," part of the "One Big Beautiful Bill" that the Republican president pushed through Congress in July.
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Ray Dalio speaks onstage during the 2025 TIME100 Summit at Jazz at Lincoln Center on April 23, 2025 in New York City. (AFP/Jemal Countess)
B
illionaire hedge fund manager Ray Dalio and his wife, alongside investment firm BlackRock, are expected to help fund the Trump administration's investment accounts for children, both parties said in separate statements Wednesday.
They join tech boss Michael Dell and his wife Susan in contributing to the so-called "Trump accounts," part of the "One Big Beautiful Bill" that the Republican president pushed through Congress in July.
The accounts contain a $1,000 deposit for children born in 2025 through 2028, funded by the government. Treasury Secretary Scott Bessent said Wednesday that his department is looking to rally further private donors to sweeten the deal.
"Thus far, 20 states are considering topping up the accounts," Bessent noted at an event in Washington.
Dalio said in a post on social media that he would donate around $75 million -- matching Dell's $250 contribution per child -- for around 300,000 children in the state of Connecticut.
Dell made his $6.25 billion pledge to the initiative on December 2.
Separately, BlackRock said in a statement that it will "offer an employee match to the US government contribution of $1,000" for eligible US staff.
The initiative was created this year under President Donald Trump's One Big Beautiful Bill Act and has sparked a scramble by financial firms looking to participate. The US Treasury will deposit $1,000 into investment accounts for all children born between 2025 and 2028.
The "Trump accounts" for babies were part of the tax and spending bill Trump pushed Republicans to get through a reluctant Congress and cement his second term agenda.
The bill also included massive new funding for Trump's migrant deportation drive, while gutting health and welfare support and sparking concerns that it would balloon the US national debt.
The Invest America accounts are expected to open on July 4, 2026, but details about how they will work are still unknown. It's also unclear how they could help boost savings for lower-income Americans.
The funds—required to be invested in an index fund that mirrors the performance of the broader stock market—become available at the age of 18 for education, job training, a first home or starting a business.
Internal Revenue Service Chief Executive Officer Frank Bisignano said more details about the accounts are expected soon.
