Billionaire Ray Dalio Will Fund ‘Trump Accounts’ For Children In Connecticut, Bessent Says
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BreakingBusinessBreaking NewsBillionaire Ray Dalio Will Fund ‘Trump Accounts’ For Children In Connecticut, Bessent SaysByZachary Folk,Forbes Staff. I cover breaking news.Follow AuthorDec 17, 2025, 11:07am ESTDec 17, 2025, 12:13pm ESTToplineRay Dalio, the billionaire founder of Bridgewater Associates will donate funds to the “Trump accounts” for newborn children, Treasury Secretary Scott Bessent announced on Wednesday, contributing funds for children in Connecticut. Ray Dalio became the second billionaire to announce a contribution to the Trump accounts.Getty Images for Fortune MediaKey FactsDalio is the first contributor to what Bessent called the “50 State Challenge,” an initiative to “rally the nation’s philanthropists” in each state to provide initial donations to the accounts.In a separate press release on Wednesday, Dalio Philanthropies announced a gift of $250 per child for about 300,000 children in Connecticut. The donation will initially go toward children living in ZIP codes where the median income is less than $150,000, according to the statement.Forbes ValuationWe estimate Dalio’s net worth at $15.4 billion, making him the 168th-wealthiest person in the world as of Wednesday afternoon. Dalio’s wealth is primarily derived from his long career as an investor, founding Bridgewater Associates in 1975 and only stepping down as CEO in 2017. Read MoreGot a tip? Share confidential information with Forbes.Editorial StandardsReprints & PermissionsLOADING VIDEO PLAYER...FORBES’ FEATURED Video