Trump signs an Executive Order creating America’s first Sovereign Wealth Fund. Trump orders creation of US sovereign wealth fund, says it could buy TikTok. On 2/3/2025, Trump signed an executive order ordering the creation of a sovereign wealth fund within the next year, saying it could potentially buy the short video app TikTok. “We’re going to create a lot of wealth for the fund,” Trump told reporters. “And I think it’s about time that this country had a sovereign wealth fund.” “We’re going to be doing something, perhaps with TikTok, and perhaps not,” Trump said. “If we make the right deal, we’ll do it. Otherwise, we won’t…we might put that in the sovereign wealth fund.”

Treasury Secretary Scott Bessent told reporters the fund would be set up within the next 12 months. “We’re going to monetize the asset side of the U.S. balance sheet for the American people,” Bessent said. “There’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.”

If created, the sovereign wealth fund could place the U.S. alongside numerous other countries, particularly in the Middle East and Asia, that have launched similar funds as a way to make direct investments with government dollars. As of 2025, the top five most sizeable SWFs are:

The People’s Bank of China (PBoC): China
Norges Bank Investment Management (NBIM): Norway
The Government Pension Investment Fund (GPIF): Japan
China Investment Corporation (CIC): China
European System of Central Banks (ECB): European Union

https://www.facebook.com/HygoNewsUSA/videos/2641805469339296
Trump signs EO creating America’s first Sovereign Wealth Fund, says it could buy TikTok; Other SWFs: China, EU