Jack Dorsey, co-founder and CEO of Twitter, an American microblogging platform, says he is donating $1 billion of his equity in Square to fund COVID-19 relief efforts.
Dorsey, who has a net worth of about $3.3 billion, according to Forbes, took to his personal Twitter page on Tuesday to announce the staggering amount.
The 43-year-old said the money, representing about 28% of his wealth, will be donated to the Start Small Foundation, a donor-advised fund through the Silicon Valley Community Foundation.
He added that should the money go beyond COVID-19, he’ll spend the rest on girls’ education and universal basic income (UBI).
“I’m moving $1B of my Square equity (~28% of my wealth) to #startsmall LLC to fund global COVID-19 relief. After we disarm this pandemic, the focus will shift to girl’s health and education, and UBI,” he wrote.
“It will operate transparently, all flows tracked here:
I’m moving $1B of my Square equity (~28% of my wealth) to #startsmall LLC to fund global COVID-19 relief. After we disarm this pandemic, the focus will shift to girl’s health and education, and UBI. It will operate transparently, all flows tracked here: https://t.co/hVkUczDQmz
— jack (@jack) April 7, 2020
