- Billionaire hedge fund manager Ray Dalio of Bridgewater Associates and his wife Barbara committed to seed Trump accounts for approximately 300,000 children in Connecticut.
- Following the Dells’ pledge, the funds will be aimed at kids who live in a Connecticut ZIP code where the median income is less than $150,000.
- “Ray has joined what we are calling the 50-state challenge,” Treasury Secretary Scott Bessent said in a press conference on Wednesday.
- A growing number of companies have announced they would match contributions to Trump accounts for their employees, including BNY and BlackRock.
Billionaire hedge fund manager Ray Dalio and his wife, Barbara, have committed to seed Trump accounts, a type of investment account for kids.
“Ray has joined what we are calling the 50-state challenge,” Treasury Secretary Scott Bessent said in a press conference on Wednesday. “We are inviting every philanthropist in every state across the country to partner with us in building generational wealth for America’s children through Trump accounts.”
The Dalio grant will fund $250 per child for approximately 300,000 children in Connecticut. This applies to children who live in a ZIP code where the median income is less than $150,000. About 87% of Connecticut ZIP codes meet that criteria, according to a CNBC analysis of Census Bureau data.
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https://www.cnbc.com/2025/12/17/ray-dalio-trump-child-savings-accounts.html