Dell announced that he and his wife will give $250 to each of the first 25 million eligible children who sign up for the program. The gift is meant to help young Americans begin building wealth from a young age.
The Trump Accounts program gives eligible children a $1,000 government-funded investment account. Parents can also add up to $5,000 per year, and the money is invested in American companies through the stock market.
Dell said the program gives children a real stake in the American economy and can help them save for future goals like education, buying a home, starting a business and building long-term wealth.
The announcement came around Independence Day as America prepares to celebrate its 250th birthday. Dell said the project represents hope and opportunity for the next generation.
President Donald Trump has said the program could create trillions of dollars in wealth for young Americans over the coming years.
Dell, the founder and CEO of Dell Technologies, has already pledged more than $6 billion to support the effort, making it one of the largest private gifts connected to the program.