The tech billionaire Michael and his wife Susan Dell pledged $6.25 billion to support the Invest America initiative, also known as the Trump Accounts, created as part of President Trump’s One Big Beautiful Bill Act.
As part of the initiative, Michael Dell, the founder and chief executive officer of Dell Technologies (DELL), and his wife will give $250 each to 25 million American children under 10, who were born before the qualifying date for the federal newborn contribution, to start an investment account for their futures.
“TWO GREAT PEOPLE. I LOVE DELL!!! President DJT,” President Trump posted on Truth Social.
As part of the Invest American Initiative, the government will contribute $1000 to an account for each child born between 2025 and 2028.
The government initiative is expected to begin on July 4, 2026, and any parent can open an account for their child to contribute up to $5,000 a year, Bloomberg reported.
The initiative allows employers to contribute $2,500 annually without affecting employees’ taxable income. The money, which will be invested in diversified, low-cost index funds, will not be accessible until the child turns 18. After that, the child can withdraw money for college education, home deposit, startup costs, or other similar expenses.
Assets in Trump Accounts will be allowed to grow tax-free, but recipients will pay taxes on gains at the time of withdrawal.