Billionaire Ray Dalio backs Trump admin investment accounts for kids, joining Michael Dell

Group 1 - Billionaire investor Ray Dalio supports President Trump's initiative to create investment accounts for children, announcing a donation of approximately $75 million to fund $250 contributions for 300,000 children in Connecticut [1][6] - The initiative aims to provide children with savings accounts that compound over time, promoting financial literacy and independence [2] - The program allows parents of children born between 2025 and 2028 to receive $1,000 from the U.S. Treasury, which will be invested in index funds, with potential contributions from parents and relatives up to $5,000 annually [8][10] Group 2 - The financial head start for newborns could grow to as much as $1.9 million by the age of 28 if fully funded and left untouched, according to the Treasury Office of Tax Analysis [10] - The initiative targets children in Connecticut living in areas with a median income of less than $150,000, encouraging donations from business leaders and private organizations [7] - Dalio's donation follows a significant contribution from Michael and Susan Dell, who donated $6.25 billion to support 25 million Trump investment accounts [11]