Billionaire Ray Dalio joins push to fund Trump Accounts, pledging $75 million to Connecticut kids [Los Angeles Times (CA)]
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Source: Los Angeles Times
Bessent called a “50 State Challenge” to raise funds for the Trump Accounts program. “The president is calling on our nation's business leaders and philanthropic organizations to help us make America great again by securing the financial future of America's children,” Bessent said in an address. The billionaire hedge fund founder Ray Dalio, along with his wife Barbara, announced they would commit $250 to 300,000 children under 10 in Connecticut who live in ZIP Codes where the median income is less than $150,000. Dalio founded the investment firm Bridgewater Associates and lives in Connecticut. “I have been fortunate to live the American Dream. At an early age I was exposed to the stock market, and it changed my life,” Ray Dalio said in a statement, adding that he sees the accounts as putting children on a path toward financial independence. The Dalios' $75-million commitment follows the $6.25-billion pledge from billionaires Michael and Susan Dell earlier in December. The Dell
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