Ray Dalio will fund Trump accounts for kids in CT

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Billionaire hedge fund manager Ray Dalio and his wife, Barbara, have committed to seed Trump accounts, a type of investment account for kids.

“Ray has joined what we are calling the 50-state challenge,” Treasury Secretary Scott Bessent said in a press conference on Wednesday. “We are inviting every philanthropist in every state across the country to partner with us in building generational wealth for America’s children through Trump accounts.”

The Dalio grant will fund $250 per child for approximately 300,000 children in Connecticut. This applies to children who live in a ZIP code where the median income is less than $150,000. About 87% of Connecticut ZIP codes meet that criteria, according to a CNBC analysis of Census Bureau data.

“Barbara and I believe strongly in the importance of equal opportunity and believe this initiative is an important step in that direction,” Ray Dalio, who is the founder of the investment firm Bridgewater Associates, said in a statement.

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