What is Donald Trump’s sovereign wealth fund? Will this buy TikTok?
February 3, 2025
President Donald Trump signed an executive order to create the United States’ first sovereign wealth fund, which could be used to purchase TikTok. This fund aims to monetize American assets for public investment. Trump’s decision follows his previous election promise to fund major national projects. TikTok was briefly taken down as the law requires its Chinese owner ByteDance to either sell it to an American owner or face a ban.
