Source: Fortune
Summary
President Donald Trump praised SpaceX president Gwynne Shotwell for her undisclosed donation of SpaceX stock to Trump Accounts, which Trump valued at $325 million. Shotwell’s gift is intended for children between 11 and 17 from low-income households. The donation follows a $6.25 billion contribution from Michael Dell and his wife Susan to Trump Accounts. Trump Accounts are individual retirement accounts for children, seeded with a one-time $1,000 federal contribution.
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The numbers tell one story.
Gwynne Shotwell’s donation is a significant contribution to Trump Accounts, but the exact amount remains undisclosed. Trump’s praise for Shotwell comes after he suggested Elon Musk might contribute SpaceX stock to Trump Accounts. The accounts, available for children who have not turned 18, have seen over 6 million sign-ups since enrollment opened. The Dells’ $6.25 billion contribution gave $250 each to the first 25 million qualifying American children.
The generosity of billionaires is being rebranded as a catalyst for the “American dream.”
Author: Evan Null
