Dell Technologies, headquartered in Texas, is donating over $6 billion towards new “Trump Accounts,” private investment accounts established through legislation authored by U.S. Sen. Ted Cruz (R-TX) for newborn American children — each seeded by a $1,000 investment from the federal government.
Dell CEO Michael Dell and his wife Susan announced on Tuesday that they’d be giving $6.25 billion from their charity fund to 25 million American children through these new investment accounts, planting $250 into each of the 25 million accounts, in addition to the initial $1,000 investment.
