Michael and Susan Dell Pledge $6.25 Billion to Fund Investment Accounts for 25 Million Children
By
Nicholas Kulish
A good honest bake. Not flashy, but you'll finish the whole bagel.
Summary
Michael and Susan Dell have pledged $6.25 billion to deposit $250 into individual investment accounts for 25 million children, in what appears to be a philanthropic initiative tied to newly created "Trump accounts." The tech billionaire and his wife hope this massive donation will encourage other philanthropists to follow suit and expand the reach of these accounts. Dell compared the direct-giving approach to his early business model of selling computers directly to customers.
Key quotes
· 3 pulledMichael and Susan Dell announced on Tuesday that they would deposit $250 in individual investment accounts for 25 million children, an amount totaling $6.25 billion.
The tech billionaire and his wife hope other philanthropists follow their $6 billion lead in expanding the reach of soon-to-be-created 'Trump accounts.'
Michael Dell, the head of Dell Technologies, said that giving directly to children echoed his early business model of direct computer sales.
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