BREAKING: President Trump Creates First-Ever US Sovereign Wealth Fund!

This is absolutely historic!

So many things President Trump is doing right now seem so obvious, but no one has ever thought of them before or tried to do them.

But President Trump is.

Many other countries all have “sovereign wealth funds”.

Basically, it’s a way for the US Taxpayer (soon to just be the US Citizen?) to share in the wealth of the country instead of just constantly being a doormat.

Brilliant!

So why have we never had one before?  That’s a great question.

In any event, we do now thanks to this:

🚨 WATCH: President Donald J. Trump signs an Executive Order creating America's first Sovereign Wealth Fund. pic.twitter.com/FuD4mGDMm0

— Rapid Response 47 (@RapidResponse47) February 3, 2025

FULL TEXT TRANSCRIPT HERE:

President Trump:
This is an executive order. This charges your Secretary of the Treasury, Scott Besant, and your Secretary of Commerce, Howard Lutnick, to begin a process that will hopefully result in the creation of an American sovereign wealth fund. It’s a very exciting event.

We’re going to have a sovereign wealth fund which we’ve never had. We have a lot of things that create wealth and you’ve seen that over the last two weeks—I think we’ve created more wealth. Other people have created de-wealth, the people, my predecessors. We’re creating a lot of wealth.

Scott, maybe you’d like to say something about it, and I’d ask also Howard to say something about it.

Scott:
Yes, sir. This is very exciting. We’re going to stand this thing up. Within the next 12 months, we’re going to monetize the asset side of the U.S. balance sheet for the American people. We’re going to put the assets to work, and I think it’s going to be very exciting.

We’re going to study best practices that’s been done around the world. It’ll be a combination of liquid assets—assets that we have in this country—as we work to bring them out for the American people. The extraordinary size and scale of the U.S. government and the business it does with companies should create value for American citizens. If we are going to buy two billion COVID vaccines, maybe we should have some warrants and some equity in these companies and have that grow for the help of the American people.

President Trump:
So, bringing all these things together, I think will create—Scott and I will create—an amazing sovereign wealth fund for you, sir. So, other countries have sovereign wealth funds and they’re much smaller countries and they’re not the United States. We have tremendous potential in this country. Tremendous. You’re seeing that what’s happened just in a short period of time.

And as an example, TikTok—we’re going to be doing something perhaps with TikTok and perhaps not. If we make the right deal, we’ll do it; otherwise, we won’t. But I have the right to do that, and we might put that in the sovereign wealth fund—whatever we make, or if we do a partnership with very wealthy people, a lot of options. But we could put that as an example in the… and we have a lot of other things that we could put in the fund.

And I think in a short period of time we’d have one of the biggest funds. And you know, some of them are pretty large—I must tell you, some of the, like the Saudi Arabia fund, is on the large side. But eventually, we’ll catch it. But we’re going to create a lot of wealth for the fund, and I think it’s about time that this country had a sovereign wealth fund. And these two gentlemen and some others are going to work with them very closely, and they’ll be heading it up and they’re going to do it.

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Great job—two highly respected people that have done unbelievably well in the world, in the real world. So that’s a big deal, huh?

Howard:
Yes, sir. I think it’s going to create value and be of great strategic importance.

BREAKING: President Trump announces the new US sovereign wealth fund!

The first ever! pic.twitter.com/uwQ91rTwGQ

— Noah Christopher (@DailyNoahNews) February 3, 2025

So what is it and how will it work?  The NY Post explains more:

President Trump signed an executive order Monday to create a sovereign US wealth fund — saying that TikTok may become one of its first acquisitions.

The world’s largest and wealthiest sovereign funds are owned by China and resource-rich countries like Norway and Middle Eastern emirates.

It was not immediately specified how the US endowment — whose creation was first reported last month by The Post’s Charles Gasparino — would be capitalized, but Trump previously floated using tariff proceeds.

It’s unclear if adding a stake in TikTok would require up-front investment, or if Beijing would offload it without charge to avoid looming 10% levies that Trump announced Friday.

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“It’s a very exciting event. We’re going to have a sovereign wealth fund, which we’ve never had,” Trump said in the Oval Office — as News Corp founder Rupert Murdoch and Oracle billionaire Larry Ellison sat nearby.

“Other countries have sovereign wealth funds, and they’re much smaller countries, and they’re not the United States,” Trump said.

“As an example, TikTok, we’re going to be doing something perhaps … and we might put that in the sovereign wealth fund, whatever we make, or if we do a partnership with very wealthy people — a lot of options, but we could put that as an example in the fund.

“We have a lot of other things that we can put in the fund.”

Chinese divestment from TikTok, which has about 170 million US users, is a potential path to avoid a 10% tariff that Trump announced Friday — with the president presenting the levy as a way to stop fentanyl exports that killed at least 281,000 Americans over the past four years.

Trump predicted that “in a short period of time, we’ll have one of the biggest funds … The Saudi Arabia fund is on the large side, but eventually we’ll catch it. But we’re going to create a lot of wealth for the fund.”

The first of its kind:

BREAKING: Trump signed an Executive Order establishing a first-of-its-kind "Sovereign Wealth Fund," which will invest vast amounts of money into national development projects like highways, new airports, etc.

THIS IS BEAUTIFUL!!!
pic.twitter.com/FbVE0HA0Sg

— George (@BehizyTweets) February 3, 2025

Here’s more, from CBS News:

President Trump on Monday took the first steps toward his administration creating a government-owned investment fund, tasking the heads of the Treasury Department and Commerce Department with beginning the process to create an American sovereign wealth fund.

Mr. Trump signed an executive order that charges Treasury Secretary Scott Bessent and Howard Lutnick, Mr. Trump’s nominee to lead the Commerce Department, with beginning a process “that will hopefully result in the creation of an American sovereign wealth fund,” announced Will Scharf, Mr. Trump’s staff secretary.

“We’re going to create a lot of wealth for the fund, and I think it’s about time this country had a sovereign wealth fund,” the president told reporters in the Oval Office Monday, calling the news “very exciting.”

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The president said the U.S. may somehow put TikTok in the sovereign wealth fund. A law that took effect in January was meant to ban the app in the U.S. unless its Chinese parent company sold it, but Mr. Trump has delayed enforcement of the law, keeping it alive for now.

Bessent said the creation of the fund will “monetize the asset side of the U.S. balance sheet for the American people.” He said the sovereign wealth fund will be up and running within 12 months, putting U.S. assets to work for Americans. The treasury secretary said the Trump administration will study best practices around the world to develop the fund.

Sovereign wealth funds generally use a nation’s reserves and invest the funds to generate returns, which can be used to address deficits, pay down debts or bolster savings. It’s unclear what types of safeguards would be placed around a U.S.-owned investment fund to ensure it has transparent reporting obligations and that the investments aren’t benefiting political allies.