Ray Dalio, the billionaire founder of Bridgewater Associates, publicly backed President Donald Trump’s new initiative to set up investment accounts for kids across the U.S. on Wednesday.
He pledged about $75 million, earmarked to fund $250 accounts for 300,000 children in Connecticut. Trump, in turn, has asked other wealthy Americans to help create similar programs nationwide.
In a social‑media post, Dalio wrote: “By providing children with savings accounts that compound over time we are providing them with early insights into financial literacy and a path towards financial independence. I applaud President Trump, Secretary Bessent, the Dell Family and many others who have spearheaded this initiative.”
He continued: “These Trump Accounts are great not just because they put money into stocks for these young people but also because they draw their attention toward how finance, stocks, companies and capitalism work to improve society and can work for them.”
Dalio joined Treasury Secretary Scott Bessent at a White House ceremony that launched a “50 State Challenge” to spur donations. The administration also rolled out a fresh website to aid fundraising efforts. Bessent told reporters that the President was “calling on our nation’s business leaders and private organizations to help us make America great again by securing the financial future of America’s children.”
The program lets parents of children born between 2025 and 2028 receive a $1,000 grant from the U.S. Treasury, which is invested in index funds. The accounts aren’t available for kids born before 2025, though those older children can still open a tax‑advantaged investment.
Parents and other relatives may contribute up to $5,000 each year, with the possibility of the limit rising with inflation after 2027. If fully funded and left untouched, the Treasury’s Office of Tax Analysis estimates the accounts could grow to roughly $1.9 million by the day the youngsters turn 28.
Dalio’s giving follows major gifts from Michael and Susan Dell, who donated $6.25 billion to fund 25 million Trump investment accounts. The Connecticut effort specifically targets neighborhoods where the median income falls below $150,000, giving those families an extra boost toward long‑term financial security.
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