The boss of the social network explains that this sum represents 28% of his fortune.
To great ills, great means. Twitter founder and boss Jack Dorsey announced Tuesday April 7 that he is donating $ 1 billion in shares from his other company, Square, to help fight the pandemic. coronavirus. In a series of tweets he explains that this sum represents 28% of his fortune. To reach this amount, he will gradually sell shares in his other company, Square, specializing in digital payment.
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
“When we defuse this pandemic, the money will be redirected to girls' health and education, as well as universal income”, specifies the billionaire, whose fortune is estimated at 3.3 billion dollars by Forbes. Jack Dorsey sees potential solutions to these two areas. “problems the world faces”.
Universal income has sparked renewed interest from many politicians and businessmen, while the economic crisis linked to Covid-19 has put millions of people out of work. “It's a great idea that needs to be tested”, he continues. The funds will be allocated via its Start Small foundation, transparently. A spreadsheet he shared online indicates a first grant of $ 100,000 for the “American food fund”.
“It is important [que ce soit transparent] so that others and I can learn from it “, justifies the one who had given a third of his Twitter actions to his employees in 2016. “Why now? Because the needs are urgent and I want to see the effects during my life”says Jack Dorsey. “I hope this will inspire others. Life is too short, so let's do everything we can to help people now.”
Jeff Bezos, the boss of Amazon and the richest man in the world, announced on Instagram five days ago that he was donating $ 100 million to American food banks. Mark Zuckerberg, the founder of Facebook, and his wife Priscilla Chan donated $ 25 million for research into treatments for the coronavirus.