Bill Ackman Praises Trump Accounts As Initiative Draws Mixed Reactions From Critics

Billionaire investor Bill Ackman thanked President Donald Trump on X on Wednesday for making Trump Accounts a reality.

Ackman Lauds Initiative

Ackman, in a series of X posts, lauded the Trump Accounts, which aim to provide every newborn American with a stake in capitalism.

Ackman, who endorsed Donald Trump in the 2024 U.S. presidential election, also expressed his gratitude to Trump for making the idea a reality.

“A little over five years ago, I had an idea on how to give every newborn American a stake in capitalism. Today, President @realDonaldTrump made that idea a reality with Trump Accounts. Thank you President Trump!”

Visa, Financial Firms Announce Contribution Programs

Ackman posted about the program’s momentum, citing Visa‘s (NYSE:V) announcement that it will work with U.S. financial institution partners to offer cardholders the option to direct credit card rewards into Trump Accounts.

The program, which was initially authorized by the One Big Beautiful Bill Act signed last year, provides a $1,000 Treasury contribution invested in index funds for American children born between January 1, 2025, and December 31, 2028.

According to the Department of the Treasury's Wednesday announcement, companies including  SoFi Technologies (NASDAQ:SOFI), Charles Schwab Corp. (NYSE:SCHW), Uber Technologies Inc. (NYSE:UBER), Mastercard Inc. (NYSE:MA), JPMorgan Chase & Co. (NYSE:JPM), Coinbase Global Inc. (NASDAQ:COIN) and Comcast Corp. (NASDAQ:CMCSA) have also announced matching contribution programs.

Initiative Draws Mixed Reactions

The Trump Accounts initiative has been met with mixed reactions.

Treasury Secretary Scott Bessent defended the program against critics who warn it could widen wealth gaps, while personal finance expert Dave Ramsey called it a “political stunt.”

Photo courtesy: Shutterstock/ noamgalai

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.