Bridgewater Associates founder Ray Dalio lauded President Trump’s savers accounts for young Americans, announcing he and his wife Barbara will be making a $250 contribution into the accounts of some 300,000 children.
Trump Accounts are a pilot program pitched in the “One Big, Beautiful Bill Act,” which gives children born between January 1, 2025, and December 31, 2028, a savings account in their name funded with a $1,000 government contribution. The initiative is open to households of any income; the children must be U.S. citizens.
The total of Dalio’s contribution is not confirmed, but some simple math puts the likely figure north of $70 million. The funds will initially be targeted at children living in the zip codes of Connecticut where the median income is less than $150,000, the pair said in a statement.
Dalio is following the lead of tech billionaire Michael Dell and his wife, Susan, after the couple pledged $6.25 billion toward Trump Accounts weeks ago. Dalio, 76, said that compounding savings accounts offer young people “early insights into financial literacy and a path towards financial independence.”
