Children living in ZIP codes with median incomes below $150,000 will be the first to receive the funds, the White House said.

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Houston native Michael Dell, the billionaire founder of Dell Technologies, shook hands with President Donald Trump at the White House Tuesday over a historically massive donation for U.S. children.

Michael and Susan Dell on Tuesday announced that they are donating $6.25 billion to fund investment accounts for at least 25 million American children.