Trump Accounts are in operation and have already raised $125 million.
In an X post on Thursday evening, the White House wrote, “THIS is what investing in the future looks like.”
“In just five days since launch, American families have contributed nearly $125 million to Trump Accounts,” the White House wrote.
Trump Accounts, launched on July 4, are investment accounts for children born between 2025 and 2028. The US Treasury has pledged to deposit $1,000 into each child’s account.
The program has drawn investment from big names in business. SpaceX’s president, Gwynne Shotwell, and her husband contributed SpaceX stock to the accounts. She said in an X post on Monday that she wanted the stock to go to the accounts of children between the ages of 11 and 17 with lower average household incomes, living near her Texas home.
President Donald Trump lauded Shotwell for her donation in a Thursday Truth Social post.
“Thank you to the brilliant and highly respected Gwynne Shotwell, and her husband, Robert, for their extreme generosity in helping children to attain the ever magnificent American dream!” he wrote.
Other donors include Dell CEO Michael Dell and his wife, Susan; hedge fund manager Ray Dalio and his wife; Altimeter Capital CEO Brad Gerstner; and the rapper, Nicki Minaj.
Michael Dell wrote in an X post on July 4: “This makes every child a shareholder in the greatest prosperity-creating engine the world has ever known — American capitalism.”
Trump praised the Dells for their $6.25 billion contribution, telling reporters on Monday: “They are truly incredible people. Go out and buy a Dell computer.”
Companies like Goldman Sachs, Micron, and Bank of America have also announced contributions to their employees’ children’s Trump Accounts.
The White House did not respond to a request for comment from Business Insider.
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