Michael Dell, the founder of Dell Technologies Inc. (NYSE:DELL), who, with his wife Susan, pledged $6.25 billion to the ‘Trump accounts’ initiative, revealed a childhood anecdote that inspired him to do so.

Dell’s Push For Financial Literacy

Dell, whose current net worth is about $148 billion, in an interview with Fortune on Tuesday, recalled opening a small passbook savings account as a child at the age of six or seven, where he had $6 or $7, which sparked an early fascination with saving, compound interest, and investing, an interest further fueled by having a stockbroker mother. He hopes similar accounts will inspire today's children to learn about the fundamentals of finance, compound interest, the companies in the S&P 500, and investing and saving. 

He also said the initiative would ...