Trump starts sovereign wealth fund, may use to purchase TikTok
0
Feb. 3, 2025: 8:30 p.m.:
Trump starts sovereign wealth fund, may use to purchase TikTok
President Trump has decided he’d like to start a sovereign wealth fund, and has asked the U.S. Treasury and Commerce departments to take steps to get that started. The state-owned investment fund consists of financial items such as stocks, bonds, real estate or other financial assets. One of the purchases he’s considering making with the fund is TikTok, according to Newsweek.