Thank you very much. Today we celebrate our next historic milestone, and that's what it is — a stop, to ensure that every American child has a fair shot at the American dream. Every single eligible minor child in America is now automatically enrolled in a Trump account. I signed the great Big Beautiful Bill, and that included in their approved by Republicans, and I don't know if we had any Democrat votes.
But including the Trump Accounts, and under this program, the US government is automatically creating a tax-free investment account for every child to grow over the course of their lives and be used to their benefit and for their benefit after they turn 18. If all goes well, which I think it will, they wind up being quite rich.
I want to thank Treasury Secretary Scott Bessent, Frank, and Senator Ted Cruz — they have been fantastic, the three of them. I also want to express my gratitude to an exceptional couple, truly an extraordinary couple, Michael and Susan Dell, that made one of the largest private donations — $6,250,000,000 — into the Trump Accounts to take care of thousands and thousands of children all over our country. And I want to also thank Brad, who also donated tens of millions of dollars. Thank you, Brad. Susan, thank you.
I was missing you, Mike. I didn't like that. Thank you — what a job you have done. And they started it before it was fashionable, and now everyone is saying things. I'm even hearing Democrat senators stand up and say the Trump accounts are fantastic.
Since launching in July, nearly 8 million accounts have been created in three months. With today's announcement, we are building on that success by 70 million accounts for children across America, and they will be enrolled into the Trump Accounts. Since July 4, over $4.5 billion have been deposited in Trump Accounts, and much of that has come from very generous Brad, Susan, Michael, and others. Some of the biggest companies in America are giving hundreds of millions of dollars.
Download the official Trump account app to begin managing and contributing to it today. It teaches people about entrepreneurship and watching your account grow. But simply, this money is your child's future. And when your child turns 18, they won't have any money — and now they will be potentially very rich.
Loved ones, churches, and to help get children off to a strong start at life, more than 70 companies have also committed to Trump accounts, and many for hundreds of millions of dollars, including Uber, Nvidia, Steak and Shake, many companies — too many to name. Employees all across America, I'm calling on them to follow their lead and match Trump account investments.
Before launching Trump Accounts, 38% of Americans did not own stock. Now every member of the next generation will have an investment account and will benefit from our booming economy. And we started this when I first came into office, Michael — it would've been great because... We are at an all-time high. Yesterday we hit another all-time high. I think it's 84 times since a little bit more than a year and a half.
They will benefit from this great economy, the greatest economy we've ever had. Since the election, I'm watching it all the time — the communists, but they say they're really not communists, but their policies are that of a communist, socialist. It's more work, and it's been proven over thousands of years by different names.
I would like to ask Secretary Bessent to say a few words to say how it works. And Frank, I will ask you to say a few words. Ted, Michael, Susan, and Brad — and we can go quickly because everyone knows what's happening with the Trump Accounts. It's been written about so favorably. It's been so successful, and these beautiful young children are extremely rich. They are now and will be in the future extremely rich, so they have something to look forward to.
Every child deserves to have a piece of the American dream. The Treasury will seed the accounts with $1,000 per child 18 and under. We have a full enterprise — philanthropists, Susan, Michael, and many others that are putting in substantial gifts. Many corporations and foundations beginning the ownership society. This will be a real-time financial literacy project. As the culmination of a lot of hard work for a lot of people — Senator Cruz, Brad, the president, and Kevin had been a great partner — that we are looking forward to administering at the Treasury and watching the accounts grow.
The most important person — he's been predicting this great economy. And I apologize to you, Kevin, I did not introduce you. Say a couple of words before Frank.
I just want to say that this is something that this team... These kids — we were just talking — and they are so excited to learn that each one of them owns a share. It means that they understand when the US wins, they win too, and that's something that hasn't always been noticed.
Thank you, sir, and thank you, Mr. President, for giving us the opportunity to serve here. I'm blessed and honored with the people that are around that made this happen. These are founders. Right now, to get an understanding of where we are, as we speak, more than 10 million accounts out of 70 million are already funded with four and a half billion dollars. By this weekend, you will see that moved to $7 billion with more than 25 million. That's 25 million American children who now have a piece of capitalism. What a groundbreaking startup of all time. 70 million children, and they're all receiving money. And we will communicate with every one of them.
We have access to every family in America, and we will make sure that they know the piece of capitalism that they have that many would've never seen before. Without the great work of the president, the great work of the Secretary — he has been my friend for a super long time — and I'm honored to be here with Michael Dell and Susan, that have founded this and provided seed money for this startup. Brad is an innovator here, Kevin driving it. Senator Cruz, I think it's really important for people to understand that every American child will hear from us to ensure they see their account. If you want to go look at it right now, we can go to the app store and see it there. It is right now in the app store outperforming everything. This is President Trump's innovation at work, fighting for American children as he always has, and we are winning. God bless.
The press took the biggest salary cut — Frank took the biggest salary cut of all time. He was paid like 35 million a year, and now we are paying him 175,000 a year. Is that good? But he wanted the job. He loves this country, but he may have — I don't know, maybe there's someone out there — but he took the biggest salary cut in history.
I only made like 200,000 a year. A lot of people think that's a lot. I wanted to keep it below that.
This is unquestionably going to be the best part. It's a big deal, and today is a massive day that your administration is opening a personal investment account for every single kid in America. That personal investment account — if you have a newborn baby, $1,000 has already been invested in that account that goes straight to the stock market. We also have incredibly generous philanthropists. Mike and Suzanne — they've given $250 to 25 million kids.
We have the sixth and seventh graders — each of you now has an investment account, and you are going to be owners. You know — own part of McDonald's. Next time you order a Big Mac, you should walk in and say, 'Look, I own the place.' If you start investing and keep investing, and it grows, and you keep investing as you get older, you will get hundreds of thousands, and if you keep investing, literally millions of dollars in these accounts. You are owners, which is a big deal.
And I will tell you what's cool — your administration designed the app. It's beautiful. You can download it from the Trump Accounts store, but it makes it really easy for anyone to contribute to your account. You have a QR code that, at your next birthday party, your aunt Susie might give you an ugly sweater, and you might say to aunt Susie instead of the ugly sweater, 'How about put 50 bucks in my Trump account?' And you can pull it up on your phone and see it growing. We are creating a whole new generation of capitalists. And I want to say, your team — Scott, Frank, and Kevin — have done an extraordinary job, and today is a historic moment of legacy for every kid in America.
I wanted to ride with Social Security being fully invested in the stock market in the first month of my first year, 2016. Had we done that, Social Security would be the richest entity anywhere in the world. Had we done that, I was met with tremendous criticism by the Democrats and some Republicans because they felt it was risky. Had we done that, literally, if you look back, you see... I wanted to do it so badly. I thought that the country had upward potential. Could you imagine if we did? People would be talking about Social Security. It would've been great.
Although we are doing it in a way — we are doing a version of it with young children, and they will ride the markets, and it's going to be a great thing for them. Michael and Susan?
Thank you, Mr. President. It's an honor for us to be back in the White House. I started a company with $1,000. In America, small beginnings can be extraordinary. We've become committed to children in America that we will contribute $250 to 25 million Trump Accounts for children in America. I'm pleased to let you know today that we have funded 10 million of those accounts as of this morning. By the end of this week, we will have funded 25 million of those accounts, fulfilling the promise we made to American children late last year. $250 is the beginning.
If you have a child under 18 with a Social Security number, you should claim your account. If you can add to the account, you should add to the account, and you should teach your children about compounding, about investing, and about the benefits of capitalism. These children will grow up as owners and be the generation that creates the next great companies and innovations in our country. We have 25 million children as owners. We've invested in their future and America's future, and we are so excited to see what they do. Susan?
Over the past month, as our contribution has reached millions of children's accounts, Michael and I have heard from so many parents and kids and grandparents with these beautiful letters that have truly moved us. Children have told us that they want to become entrepreneurs, nurses, doctors, engineers — they want to build their own company someday. We've heard from parents and grandparents that share what it means to them to know that there is an investment in their child's future. These things are so wonderful and so important.
It's not just the money that matters. It matters, but knowing that someone believes in you and your future — that matters just as much. Every child across the country, these accounts are for you. We believe in you, and we want you to dream big because we know that you can make your dreams come true. Parents and grandparents, please claim your child's account. These accounts are ready, they are waiting for you, and they have money in them. Claim your child's account and start adding money to their accounts and preserving a wonderful future for them.
What a good job. Michael, is she thinking about running for office?
I will endorse her immediately. She has my complete and total endorsement. Thank you very much, folks. Brad?
What an extraordinary day for the country. I don't think it's an overstatement to say that this is the biggest transformation in the social contract and social fabric of America for these kids since 1935, when Social Security was passed. Every single child in this country, forevermore — not for the next four years, forevermore — will start off life with an investment account, and they are going to compound shareholders in America.
Every Republican district, every Democrat district, every state, city block — I grew up in rural Indiana — every one of those kids that felt left out and left behind by the prosperity of America. You said to us, the Main Street agenda is that we have to get everyone into the game to share in the upside of the country. They said it couldn't be done. You can't possibly create 70 million accounts automatically for every child in the country. We persevered, and today is the day we mark the celebration: 70 million accounts and over 25 million accounts funded. $250 million, and all that money compounding in the upside of the country.
And it's not just that. Moms and dads are going wild with these QR codes. We have hundreds of millions of dollars — $5, $10, $50 at a time — being contributed. When the money goes in on a Monday, by Tuesday it's invested into the S&P 500. We have companies that want to participate — it's hard to keep up. Not just the largest companies in America. Realtors and restaurants, landscapers and contractors — they want to adopt their little leagues, schools, the Boys and Girls Clubs, like we did in Philly. Everyone wants to get involved with helping these kids compound into the next generation.
And philanthropists — and Michael and Susan set the bar for what it means to give back in this country. No foundation in the middle — a one-page donor agreement. You will wire your money to the Treasury of the United States, and they send it out to the kids. And the list of philanthropists that want to adopt ZIP codes across America, in California and Indiana, the list is long. Today is the day every child, forevermore, will be a shareholder in this country, and it would not have happened without your leadership. Thank you very much.
Thank you. Did you get a coin yet? Come on over here. This is what everyone wants. Would you like it? Thank you so much. Thank you so much. That's a gentleman. Come over here, everyone. Come on over. It's nice to see you. That's a nice one, right? Did anyone get — did anyone not get any? Just stay there, you're so good looking. Stay there. They can admire you.
Terrible. No one has ever seen anything like it. Weaponization of government. I thank you for the question because it's a disgrace. A whole group of slugs that preceded. Weaponized government. They were tracking my wife and son, who is a minor — the young minor — and a very good person. No one has ever seen anything like it. It all came out recently in the files, and it's great that it came out, so now people understand what we went through. These were bad people. Sick people, actually. Deranged. He lied before Congress — his whole life was a lie, so many others... It's a bad group of people, and he possibly didn't know what was going on, but I think he had a mean streak. Not smart, but mean. It's a shame. Thank you for the question.
Is the plague in Russia a bio weapon?
We don't think so. We're going to find out, but we don't think so. They are very sophisticated and smart. It's very much under control. We hope not.
We heard this before a couple years ago. Are you getting the same vibe from Russia that you got from China at the start of Covid?
China didn't say much, and Russia's not saying much either, but they say it is under control.
On Trump accounts, how do you expect this to have an involvement in capitalism, and do you expect it to diminish socialism, especially in our country?
What a nice and good question. It's going to be fantastic. No one has ever seen these children — you have to be careful because sometimes you call someone a child and it's about six months old. They will see what's going on. As Senator Cruz said, they will eat McDonald's and say that they own a part of the company. I think it's great, and it does have an impact. Some people will say this is the most important thing that we've done. We've done some amazing things, but this is something we are proud of. Long-term, I think it will have a huge effect on exactly what he said — socialism, communism. This is the alternative, and it's a great alternative.
Thank you. Can you talk to us about what personally motivated you in the first place, and what is your message to other entrepreneurs that might be considering putting wealth into the Trump Accounts?
Brad called me in 2021 and told me about this idea. We immediately thought of this idea, and to be clear, it's not a red idea or a blue idea — it's a red, white, and blue idea. We believe the most important investment you can make is in children. We set up a foundation focused on children back in 1999, and we heard about this idea. We thought this would be great for newborns, but a platform for families and employers and philanthropists to immediately and directly impact the futures for these children.
Brad and I and Susan — we've had many discussions with other philanthropists. I think there will be a number of additional announcements coming in the weeks and months to come. Ultimately, we couldn't be more excited about what this will become over time, as children start to understand the power of compounding and what all this means for their futures.
I want to add, I think this is clearly the most important and impactful initiative that America's children and America has ever known. This is going to affect everyone's lives, not just children's, but parents and grandparents that worry about these children and work hard to take care of these children. This is something that's going to touch everyone.
No, he was a great Attorney General. I think he will be a great senator. He was one of the best Attorney Generals in the whole country. I have no regrets at all.
They don't have a conflict. The people don't work for me. They are consultants, and I assume they have a lot of clients. I don't know who their clients are. If I thought they had a conflict here, I would terminate, but all they are is consultants. If they don't work in the White House, they're not sitting around the cabinet table or anything like that. They are consultants, and I'm sure they have other clients. I'm sure they have many clients. I would ask them — sure.
