The CEO and founder of Twitter and digital payments platform Square Jack Dorsey announced that he will be donating $1billion worth of equity in Square to his Start Small LLC to fund COVID-19 relief around the world.
Jack Dorsey, whose net worth is currently valued at $3.9 billion made the announcement via a tweet where he revealed that he is donating $1bn of Square Shares to a charitable fund, titled Start Small, to “fund global COVID-19 relief”
The 43-year-old said the donation was equivalent to about “28% of my wealth”.
He wrote: 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.
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
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