Twitter's Jack Dorsey pledges $1 bn for COVID-19 relief efforts

  • Wednesday 08, April 2020 02:23 AM
  • Twitter's Jack Dorsey pledges $1 bn for COVID-19 relief efforts
Sharjah 24 – AFP: Twitter co-founder and chief executive Jack Dorsey said Tuesday he was committing $1 billion of his personal fortune to coronavirus relief through his philanthropic fund.
Dorsey said in a series of tweets that he would transfer his equity in his digital payments group Square to his limited liability corporation Start Small, contributing around 28 percent of his overall wealth.

"Why now? The needs are increasingly urgent, and I want to see the impact in my lifetime," Dorsey said.

"I hope this inspires others to do something similar. Life is too short, so let's do everything we can today to help people now."

The move could be the largest from a single individual for coronavirus relief and comes with the pandemic spanning the globe and inflicting a heavy toll in lives and economic devastation on the United States.

Dorsey said that after the pandemic ends, the fund would focus on health and education for girls and "universal basic income" efforts.