Susan Dell and Michael Dell are just an American couple who have been making headlines in recent days after donating $6.25 billion to the child investment initiative known as “Trump Accounts.” This is a couple made up of the former fashion entrepreneur and co-founder of the Michael & Susan Dell Foundation, and her husband, founder and CEO of Dell Technologies. Together, they have a total net worth that makes them two of the richest people in the world.
Data from The Economic Times reports that Susan Dell’s net worth is approximately $2.5 billion, and her husband Michael Dell’s is about $120 billion. Their donation will enable 25 million children to receive $250 in their designated accounts, making this one of the largest private capital injections into a government-backed children’s savings initiative in the United States.
Million-dollar donation
U.S. media headlines have echoed one of the largest private capital injections into a children’s savings initiative, supported by the country’s government. This is the donation made by Susan Dell and Michael Dell, one of the richest and most influential couples in the United States. The donation amounted to $6.25 billion and was directed to the children’s investment initiative known as “Trump Accounts.” Through this gesture, the couple becomes the protagonist of the largest charitable commitment any American family has undertaken in recent years. With this donation, 25 million children will receive $250 in their designated accounts, according to information from The Economic Times.
Who are Susan and Michael Dell?
Susan Lynn Lieberman, born in Dallas, Texas, is the co-founder and chairwoman of the board of the Michael and Susan Dell Foundation, created in 1999. Although she gained prominence for her behavior at the White House during the announcement of the donation she made with her husband, the truth is that she is also a successful businesswoman in the fashion world and the founder of three fashion brands, including the luxury brand Phi.
According to information published by The Economic Times, her wealth is approximately 2.5 billion dollars, although her personal net worth is not publicly detailed. In addition to her prominence in the financial and philanthropic world, she is also a member of the President’s Council on Physical Fitness and Sports, a competitor in triathlons, marathons, and even the Ironman World Championship, a representative in health and wellness initiatives, and has participated in public campaigns on nutrition, exercise, and healthy living.
On the other hand, Michael Dell was born in Houston, Texas, in 1965. He is the founder, chairman, and CEO of Dell Technologies. He achieved his position in the technology market by transforming information technology and safeguarding critical information. According to The Economic Times, Michael Dell’s net worth currently amounts to about 120 billion dollars, placing him among the richest individuals in the world.
Together, they created the Michael & Susan Dell Foundation, through which they use the proceeds from the sale of Dell Inc. shares, investing them in private causes for American children. It is a foundation whose goal is to transform the lives of children living in urban poverty through improvements in their health, education, and family economic stability.
Largest donation in years
Without knowing the motivation behind this kind of million-dollar donation, it is certain that the impact it will have on American families will be beneficial. His donation alone constitutes one of the largest injections of private capital into a government-supported savings initiative for children.