Billionaire investor Ray Dalio, with the aim of supporting the creation of Trump Accounts by the president under the One Big Beautiful Bill law, pledged an investment of $250,000 for 300,000 children in Connecticut who could open an account. He also announced a donation of approximately $75 million to the Trump Accounts project, reflected his support for the president’s initiatives on social media, and praised the participation in donations from other figures such as Secretary Bessents and the Dell family.
With his investment, eligible individuals will receive automatic checks of $250. This type of account is only available to children born between 2025 and 2028, although those born earlier can open an account with certain tax advantages. In addition to the ideas received, Trump has continued to encourage and ask wealthy figures in the country to keep donating to his project, thus initiating the “50 State Challenge”.
Trump Accounts
With the One Big Beautiful Bill project signed by Donald Trump last July, one of the initiatives the Republican boasts about the most came into effect: Trump Accounts. These involve the federal government paying an amount of $1,000 to eligible newborns born between 2025 and 2028, who must have a valid Social Security number. The opening of these accounts is reserved for the mentioned dates, so children born beforehand cannot enjoy these benefits, but they can have an account with tax advantages.
Annually, parents and relatives can contribute up to $5,000, a figure subject to inflation. Recently, Ray Dalio, a billionaire investor, announced a donation of $250,000 for 300,000 children in Connecticut whose median income is below $150,000, adding a total of $75 million to Trump’s project. According to Dalio, “By providing children with savings accounts that grow over time, we give them early education on financial literacy and a path to financial independence.
I applaud President Trump, Secretary Bessent, the Dell family, and many others who have led this initiative. These Trump accounts are great not only because they put money into stocks for these young people but also because they draw their attention to how finance, stocks, businesses, and capitalism work to improve society and can work for them”.
Trump asks for more money
Dalio’s donation has not been the only one the project has received, as the couple Susan and Michael Dell also pledged $6.25 billion to fund 25 million Trump investment accounts. According to the Treasury Office of Tax Analysis, a child’s Trump account could grow to $1.9 million by age 28. Under this dynamic, the president announced the ’50 State Challenge,’ through which he urges the rest of wealthy Americans to make donations, even creating a website for it. Secretary Bessent also encouraged companies to participate, stating, “The president is calling on business leaders and private organizations in our nation to help us make America great again by securing the financial future of the children of the United States”.
Frequently asked questions
What does the Trump Accounts project consist of?
Under the “One Big Beautiful Bill” law, the government grants $1,000 to babies born between 2025 and 2028 with Social Security to create an investment fund to promote their financial independence.
What was Ray Dalio’s contribution and who benefits?
He donated $75 million to issue $250 checks to 300,000 children in Connecticut whose families earn less than $150,000, thus supporting financial education.
What is the “50 State Challenge” and who else has donated?
It is a Trump initiative for millionaires to fund the project; figures like the Dell family have already committed $6.25 billion to open 25 million accounts.