Twitter CEO Dorsey to Donate $1 Billion to Fund COVID–19 Relief

Jack Dorsey Pledges 1 Billion to Coronavirus Relief Meidas Touch

PARIS, FRANCE - MAY 15: Chief executive officer of Twitter Inc. and Square Inc. Jack Dorsey arrives to attend the "Tech for Good" Summit at Hotel de Marigny on May 15, 2019 in Paris, France. The second edition of the "Tech for Good Summit " launched by French President Emmanuel Macron in 2018 brings together more than 80 leaders of large companies, startups and players in the global digital ecosystem to discuss the contribution of technology to the common good and the collective fight against digital threats. (Photo by Chesnot/Getty Images)

Jack Dorsey, the CEO of Twitter and mobile payments company square, announced via Tweet Tuesday (because where else?) that he will be moving a whopping $1B dollars of his Square equity to a fund named Start Small LLC to fund global COVID-19 relief and other causes.

The investment represents a whopping 28% of the tech entrepreneur’s total wealth.

Dorsey says he will first focus the money towards “disarming” the pandemic. After that, he will shift the focus to girl’s health and education, and UBI (Universal Basic Income).

Dorsey says he picked these two causes because “they represent the best long-term solutions to the existential problems facing the world.”

With his announcement, Dorsey hopes to instill a sense of urgency in fellow billionaires and entrepreneurs.

As noted by journalist Yashar Ali on Twitter, there are 167 billionaires in America with more money than Dorsey.

Now, we’ll sit back and see if any of them follow Dorsey’s lead.

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