Jack Dorsey, the chief executive of Twitter and Square, has just donated $1 billion (28% of his wealth) to fight the coronavirus.
His donation is one of the more significant efforts by a tech billionaire to fight the pandemic.
Taking to Twitter to announce this, he said he would put 28% of his wealth, in the form of shares in his mobile payments company Square, into a limited liability company that he had created, called Start Small. Start Small would make grants to beneficiaries, he said, with the expenditures to be recorded in a publicly accessible Google document.
“Why now? The needs are increasingly urgent, and I want to see the impact in my lifetime,” Mr. Dorsey said in a series of tweets announcing his plans. “I hope this inspires others to do something similar.”
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
The 43-year-old joins a growing list of celebrities, world leaders and technologists who are earmarking some portion of their wealth to fighting the spread of the coronavirus and its effects.