Ray Dalio joined Michael Dell in supporting the Trump administration’s proposed Trump accounts for children, with Treasury Secretary Scott Bessent saying Dalio would help fund accounts in Connecticut as states and private donors nationwide provide support. Ray Dalio will help fund the bills in Connecticut, Treasury Secretary Scott Bessent said, as more US states consider adding support. Photographer: Ore Huiying/Bloomberg(Bloomberg) Billionaire investor Ray Dalio has joined Michael Dell in supporting the Trump administration’s proposed investment accounts for children, known as Trump Accounts, Treasury Secretary Scott Bessent said Wednesday (Dec. 17). At an event promoting the initiative, Bessent said Dalio will help fund the accounts for eligible children in Connecticut as the administration works to line up private donors for each U.S. state. State-Level Funding Bessent said the administration is encouraging states and private philanthropists to supplement the federally backed accounts, describing the effort as a public-private partnership aimed at promoting long-term wealth creation for American families. “Twenty other US states are considering adding funds to the Trump accounts,” Bessent said, indicating growing interest after the initial federal contribution. What are Trump accounts? Trump accounts are government-backed, tax-advantaged investment accounts for American children born between 2025 and 2028. Each eligible child will receive an initial $1,000 seed deposit from the federal government, with families able to make additional voluntary contributions. Funds will be invested in US companies, with the aim of allowing the accounts to grow over time and be accessed once the child turns 18 for purposes such as education, housing or continued investment. Growing list of supporters Dalio’s support adds to a growing list of high-profile supporters, including Dell and other corporate and philanthropic supporters. Bessent said the administration is actively seeking commitments statewide to ensure broad geographic participation. The program is positioned by the Treasury as a pro-family, long-term savings initiative, which aims to give children an early financial foundation and reduce wealth gaps over time.