Hedge fund billionaire Ray Dalio and his wife Barbara have donated around $75 million to “Trump Accounts” for children in Connecticut.
The philanthropist’s donation was announced on Dec. 17 at a press briefing about the donation and the new 50 State Challenge issued by the Trump administration.
The Connecticut donor is the first to take the 50 State Challenge, which asks for funding for the soon-to-open kids’ investment accounts.
According to Treasury Secretary Scott Bessent, the 50 State Challenge, launched on Dec. 17, is set up to invite “every philanthropist, and every state across the country to partner with us in building generational wealth for America’s children.”…