$6.25BN PHILANTHROPIC PLEDGE Michael and Susan Dell to put $250 in A/Cs of 25mn US kids

Michael Dell and his wife Susan Dell will deposit $250 each in the investment accounts of 25 million American children, in a $6.25 billion philanthropic pledge as part of the Trump administration's Invest America initiative.

- Agencies

Michael and Susan Dell

(AP)

The initiative, known as “Trump accounts”, was created this year under President Donald Trumps One Big Beautiful Bill Act.

The US Treasury will deposit $1,000 into investment accounts for all children born between 2025 and 2028.

The funds — required to be invested in an index fund that mirrors the performance of the broader stock market — become available at age 18 for education, job training, a first home or starting a business.