According to Forbes, Jack Dorsey, CEO of Twitter and Square has donated $1 billion of his Square equity to help fund the COVID-19 relief efforts.
In a tweet, 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.”
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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
He also provided a link for transparency that will track the efforts of the “Start Small” company.
As of now, this is the biggest pledge from one of the world’s richest people, as it relates to the relief efforts of this viral pandemic. The 43-year-old Twitter CEO has a net worth of $3.9 billion, according to Bloomberg Billionaires Index.
Amazon owner, Jeff Bezos, will donate $100 million to Feed America, according to deadline.com. In addition, Michael and Susan Dell. of Dell Technologies have committed $100 million to the relief effort. Steve Ballmer, owner of the LA Clippers, donated $25 million.
Rihanna, DJ Khaled, Drew Brees, Meek Mill, & Jay Z have also made monetary and/or essential products donations.
Companies around the world are also helping to provide some relief. With insurance, as well as internet and phone providers waving fees and refunding money to their customers, it’s a good time to see everyone come together.
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Source: https://www.forbes.com/sites/abrambrown/2020/04/07/jack-dorsey-pledges-1-billion-to-fight-coronavirus/
