...
By Suzanne Blake
Reporter
0
Share
Newsweek is a Trust Project member
See more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.
Michael and Susan Dell, the billionaire couple behind Dell Technologies, have pledged to give $6.25 billion to help millions of American children open new investment accounts.
Michael Dell founded Dell Technologies in 1984 with just $1,000, but the couple now has billions in net worth.
Why It Matters
The Dell family’s pledge to donate $6.25 billion to fund Trump’s $1,000 checks has sparked interest in their net worth.
Read More on News
From real estate to business ventures, the billionaires have amassed considerable fortunes.
...
What To Know
The Dells' Net Worth
Michael and Susan Dell own a home in Austin, Texas, according to records reviewed by Newsweek.
Zillow estimates it's worth more than $13.7 million and features a 20-acre lot.
While Michael founded Dell Technologies with just $1,000 at the age of 19, he was ranked the youngest CEO ever to appear on the Fortune 500 and privatized Dell Technologies before it merged with EMC and VMware in 2016.
Michael also founded MSD Capital, now known as DFO Management, to manage the family’s capital, as well as the Michael & Susan Dell Foundation.
Forbes considers Michael to be the 10th richest American, with a net worth of $129 billion.
Newest Donation
The couple’s donation is considered one of the largest direct philanthropic investments in America and will expand “Trump accounts” to include $250 in investment accounts for children ages 10 and younger. This is estimated to impact 25 million children.
Babies born between January 1, 2025, and December 31, 2028, will already receive the $1,000 made available by the Treasury Department under the Trump administration.
But now, the Dell gift will enable all eligible children 10 and under to get $250 as well.
Children older than 10 could also receive some of the funds if funds remain after younger children initially sign up.
The money operates differently from a stimulus check, as only children and their families can use the money to invest in an index fund. Once a child turns 18, they can then use the money they've earned toward their education, start a business or even buy a home.
Parents are able to open these accounts beginning on July 4, 2026.
What People Are Saying
The Dell family said in a statement: “These investment accounts are simple, secure, and structured to grow in value through market returns over time. At age 18, these young Americans can have a financial foundation for continued education, job training, home ownership, or future savings. It’s a simple yet very powerful idea.”
White House spokesman Kush Desai said in a statement to The Hill: “The One Big Beautiful Bill’s Trump Accounts are a revolutionary investment by the federal government into the next generation of American children. It’s also President Trump’s call to action for American businesses and philanthropists to do their part, too – Michael and Susan Dell’s $6 billion investment into America’s children is the first of many announcements to come for America’s children.”
Trump wrote on Truth Social: “TWO GREAT PEOPLE. I LOVE DELL!!!”
What Happens Next
Roughly 80 percent of children across 75 percent of ZIP codes in America could benefit from the Dell donation.
To qualify, children must live in a ZIP code where the median household income is below $150,000.
View 0 Comments
Submit Correction
View Editorial & AI Guidelines