Billionaire investor Ray Dalio threw his support behind President Donald Trump's plan to create investment accounts for children across the country on Wednesday.
Dalio announced a donation of roughly $75 million aimed at contributing $250 to investment accounts for 300,000 children in Connecticut. Trump has called on wealthy Americans to contribute to similar funds across the country.
"By providing children with savings accounts that compound over time we are providing them with early insights into financial literacy and a path towards financial independence. I applaud President Trump, Secretary Bessent, the Dell Family and many others who have spearheaded this initiative," Dalio wrote in a post on social media.
