The Trump Accounts are up and running and have already raised $125 million. In an X post Thursday night, the White House wrote, “THIS is what investing in the future looks like.” “In just five days since its launch, American families have contributed nearly $125 million to Trump Accounts,” the White House wrote. Trump Accounts,
The Trump Accounts are up and running and have already raised $125 million.
In an X post Thursday night, the White House wrote, “THIS is what investing in the future looks like.”
“In just five days since its launch, American families have contributed nearly $125 million to Trump Accounts,” the White House wrote.
Trump Accounts, launched on July 4, are investment accounts for children born between 2025 and 2028. The US Treasury has committed to depositing $1,000 into each child’s account.
The program has attracted investments from big names in the business sector. SpaceX President Gwynne Shotwell and her husband contributed SpaceX shares to the accounts. She said in an
President Donald Trump praised Shotwell for his donation in a Truth Social post on Thursday.
“Thank you to the brilliant and highly respected Gwynne Shotwell and her husband, Robert, for their extreme generosity in helping children achieve the always great American dream!” he wrote.
Other donors include Dell CEO Michael Dell and his wife, Susan; hedge fund manager Ray Dalio and his wife; Brad Gerstner, CEO of Altimeter Capital; and rapper Nicki Minaj.
Michael Dell wrote in a post on X on July 4: “This makes every child a shareholder in the greatest prosperity-creating engine the world has ever known: American capitalism.”
Trump praised the Dells for their $6.25 billion contribution, telling reporters Monday: “They’re really amazing people. Go out and buy a Dell computer.”
Companies such as Goldman Sachs, Micron and Bank of America have also announced contributions to the Trump accounts of their employees’ children.
The White House did not respond to a request for comment from Business Insider.