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Twitter founder Jack Dorsey Donates $1bn To Fight Coronavirus
Twitter founder and chief executive Jack Dorsey set aside $1bn (£800m), to help fund relief efforts aimed initially at fighting the COVID-19 pandemic.
The 43-year-old announced the new venture, called Start Small, in a series of tweets, and said the contribution amounts to 28 per cent of his fortune
Dorsey, who for some years has kept details of his charitable works private, said all donations to and from the fund would now be visible to the public at all times through a public document, on a Google Doc spreadsheet.
Dorsey, however, said that the new venture Start Small will not be limited to fighting the pandemic.
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“Once we have disarmed this pandemic,” he wrote, the organisation will shift its focus to girls’ health and research into universal basic income, the idea that governments should guarantee a minimum income for all citizens.
Dorsey, whose net worth is estimated at $3.3bn (£2.7bn) 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.
He also said that he would pace the sale of the pledged shares over
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