White House launches ‘Trump accounts’ backed by $6.2B Dell investment

president Donald Trump He unveiled a comprehensive new savings initiative for children, dubbed “Trump Accounts,” and welcomed a multibillion-dollar pledge from Michael and Susan Dell, the first major infusion of private funding for the program.

Trump called the Dell family’s investment “a great job” and said he would also donate to the savings program.

Michael and Susan Dell donate $6.25 billion to fund Trump’s accounts

Michael Dell, founder and CEO of Dell Technologies, and his wife, Susan, announced Tuesday that they will invest $6.25 billion. The couple, who attended a party at the White House with Trump, said the decision was easy.

“These investment accounts are simple, safe, and structured to grow in value through market returns over time. By age 18, these young Americans can have a financial foundation for continuing education, job training, home ownership, or future savings. It’s a simple but incredibly powerful idea,” the couple wrote in a statement.

Trump’s “accounts” for newborns could reach $1.9 million, according to the Treasury Department

“Trump’s calculations of the Big Beautiful Bill are a revolutionary investment by the federal government in the next generation of American children,” White House spokesman Khush Desai told Fox News Digital.

“It’s also President Trump’s call on American businesses and philanthropists to do their part as well – Michael and Susan Dell’s $6 billion investment in America’s Children is the first of many announcements to come for America’s Children.”

How the ‘Big, Beautiful Bill’ is giving American children a strong financial start

The new savings program, included in the One Big Beautiful Bill Act that Trump signed into law on July 4, provides every child born between January 1, 2025 and December 31, 2028, with a one-time $1,000 government deposit at birth. Families are eligible to open an account once their child has a Social Security number, and the funds must remain untouched until the child turns 18.

Parents and other relatives can contribute up to $5,000 each year, subject to a limit Economic inflation Amendments after 2027

The “Trump Accounts” were included in President Donald Trump’s landmark tax bill that was signed into law on July 4, 2025. (Tim Clayton/Corbis/Getty Images/Getty Images)

These contributions can add up quickly.

Treasury estimates that “Trump Accounts” could accumulate to a seven-figure balance by early adulthood if families maximize their contributions and allow the money to grow.

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A fully funded account can reach $1.9 million by age 28, according to the Treasury Department’s Office of Tax Analysis. Even at the minimum expected returns, Savings account It could still generate nearly $600,000 over the same period.

Even without additional contributions beyond the federal government’s initial $1,000 DepositThe Treasury Department estimates the account could grow to between $3,000 and $13,800 over 18 years.