To fight Twitter CEO Jack Dorsey representations about a quarter of his wealth coronavirus
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Twitter CEO Jack Dorsey on Tuesday announced he will donate $would help 1 billion of his equity in the Square-about a quarter of his wealth — support COVID-19 measures.
The 43-year-old billionaire made the announcement on Twitter in a series of posts outlining where the money will go.
“I’m $1B from my seat equity (28% of my wealth) #start small, LLC, fund global COVID-19 moves-relief,” Dorsey wrote.
He said that as soon as the pandemic had been raised, the Fund “– managed ” by the Start-Small-Foundation — be used for other causes such as Universal Basic Income (UBI) and girls education and health.
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Dorsey said he would the transfer of shares by Square instead of Twitter, because he owns more shares in a square. All transfers, sales, and granted to the Foundation is made transparent, with a public tracking sheet, he said.
Dorsey said he pledged the money because “the needs are more urgent”, and he wants you to see the impact in his life.
“I hope this inspires others to do something similar. Life is to short, so we do everything we can today to help people,” he said.
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Dorsey’s commitment to Bill Gates’ charity, follow vows, to devote to fight up to $100 million to the pandemic. The promise of the Bill & Melinda Gates Foundation up to $20 million, which will go in the direction of the detection, isolation and treatment of the virus with the goal that they contain.
Released on Tue, 07 Apr 2020 21:54:53 +0000