Michael and Susan Dell pledge $6.25b to stock accounts for 25 million US
Dell couple pledges $6.25 billion to fund Trump Accounts for 25 million American children with company stock donations.
The couple has pledged $6.25 billion to invest $250 in Trump Accounts, new tax-advantaged savings vehicles for children in the US. More than 10 million children have already received the contribution, representing $2.6 billion invested.
SpaceX President Gwynne Shotwell pledged more than 2 million shares to benefit lower-income children ages 11 to 17. A rule change that took effect last week now allows charities to put individual company stocks into kids' accounts instead of requiring index-fund investment only.
Nearly 70 million US children under 18 now have accounts auto-enrolled. Trump Accounts can be used for education, starting a business, or retirement.
Parents can contribute up to $5,000 annually.
- $6.25 billion
- Pledged amount
- $250
- Per-child investment
- 25 million
- Children targeted
- More than 2 million
- Shares pledged by Shotwell
Why it mattersCritics worry tying children's savings to single companies could manipulate asset prices or create tax dodges for billionaires; backers say it teaches financial literacy.
AustraliaNo direct Australian effect yet. If the model spreads internationally, it could influence how other countries handle child savings accounts and billionaire philanthropy.
✓ Claims checked against the source. checked 1 h ago
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