Twitter CEO pledges $1 Bn for global COVID-19 relief
The amount which constitutes his 28% of his wealth, will be donated to his charity fund, Start Small LLC, which would later focus its attention to universal basic income and girls’ health and education, mentioned Dorsey.
Twitter CEO and Square founder Jack Dorsey has pledged $1 billion of his stake in Square Inc, the payments processor that he co-founded and heads, to help fund relief efforts related to the coronavirus pandemic.
The amount which constitutes his 28% of his wealth, will be donated to his charity fund, Start Small LLC, which would later focus its attention to universal basic income and girls’ health and education, mentioned Dorsey.
All donations to and from the fund would now be visible to the public at all times through a public document, added Dorsey.
Dorsey, whose net worth is estimated at $3.3 billion by Forbes, also said that he was pledging his stake in Square instead of Twitter because he owns a bigger portion of the payments processor.
