The Wealthy People Pledging to Fund Trump Accounts | Invesloan.com

Dell CEO Michael Dell and his wife Susan have pledged to contribute $6.25 billion to the Trump Accounts of children across the country.

Specifically, the Dells are contributing $250 to 25 million children, including those who are 10 years or younger and live in a ZIP code where the median income is $150,000 or less.

Recipients also must be born before January 1, 2025, meaning the Dells’ contributions will go to children who aren’t set to receive the $1,000 contribution from the federal government.

“Together we can make possibility something that every child can count on,” Michael Dell said in a December video announcing the contribution.

Trump gave the Dells a shoutout as they joined him in the Oval Office for the big announcement on Monday.

“They are truly incredible people. Go out and buy a Dell computer,” Trump told reporters. “I have a son that loves their laptop.”

According to Bloomberg’s estimates, Michael Dell has a net worth of $210 billion as of July 5, making the tech icon one of the world’s richest people.

Hedge fund manager Ray Dalio is “adopting” the state of Connecticut.

The Bridgewater Associates founder and his wife Barbara are planning to contribute $250 to the Trump Accounts of about 300,000 children across the state.

The contributions will be initially targeted toward children under the age of 10 who live in a ZIP code where the median income is less than $150,000.

“Barbara and I believe strongly in the importance of equal opportunity and believe this initiative is an important step in that direction,” Dalio said in a statement in December. “I have lived the American Dream. At an early age, I was exposed to the stock market, and it changed my life.”

Brad Gerstner, the CEO of Altimeter Capital, is adopting the state of Indiana.

He’s planning to contribute $250 to the Trump Accounts of all children under 5 years old in the Hoosier State, adding up to a figure that a spokesperson estimated to be in the “tens of millions” of dollars.

Gerstner, the founder and CEO of the Invest America Foundation, is also widely credited with coming up with the idea for Trump Accounts.

He told Business Insider in December that he helped coordinate the Dells’ massive $6.25 billion contribution, and that his phone was “blowing up” when the news broke.

Harold Hamm, the founder and chairman of the petroleum company Continental Resources, plans to “adopt” the state of Oklahoma, according to the Treasury Department.

The details of Hamm’s planned contributions have not yet been made public, and spokespeople for Continental Resources did not respond to requests for comment.

Hamm, a billionaire, contributed hundreds of thousands of dollars to President Donald Trump’s campaign in 2024.

Even Nicki Minaj says she’s contributing to Trump Accounts.

Minaj has indicated that the contributions will go to her fans, but it’s not clear how much money she’s pouring in.

The New York Post reported in January that it could be “between $150,000 and $300,000,” but that the number was still in flux. A representative did not respond to a request for comment.

Minaj said on an episode of The Katie Miller Podcast that she became interested when she saw President Trump speaking about the accounts alongside Michael Dell.

“I was just like, wow. Like, I love this idea,” Minaj said.

“My big thing is financial literacy,” she added. “You could teach a person everything in the world, but if they don’t know how to manage money, if they don’t know what the financial world really entails, then they’ll get it and lose it.”

Gwynne Shotwell, SpaceX’s president and chief operating officer, announced on July 6 that she and her husband would donate a portion of their SpaceX shares to Trump accounts.

“We have been fortunate in our careers and hope this gift encourages the next generation to continue the journey of enabling humanity to live and fly amongst the stars,” Shotwell wrote on X.

Shotwell said the donation would be “a share of our SpaceX stock to a Trump Account for each of more than two million children across our great nation.”

Like other large donors, she said the donation would “specifically” go to the accounts of children living in areas with lower average household incomes.

“With a bit more emphasis for those that live near our central Texas home,” she wrote.

SpaceX’s stock has fluctuated since the company went public in June, but as of the morning of Shotwell’s announcement, it was trading at around $160 a share, meaning a gift of 2 million shares would be worth around $320 million at current prices.

Trump has also said that SpaceX CEO Elon Musk will be donating to the program, but the details of the world’s richest person’s gift are not yet clear.