Co-founder and CEO of Twitter, Jack Dorsey has donated one billion American dollars for charity. The chief executive officer noted that he would be dedicating more than a quarter of his wealth to a new fund for charitable causes. Jack said part of the fund will immediately focus on coronavirus pandemic the world is battling with. The world currently have over 1.3 million cases worldwide with death toll close to 80,000
Dorsey announced it on his Twitter feed on Tuesday. According to him, the amount of around 28% of his wealth will be used for this cours. He noted that the first part of this find, which is $100,000 will be channelled to America’s Food Fund, to provide meals for those infected with coronavirus.
He however did not reveal how much of the $1 billion will be directed towards covid-19 as opposed to other charitable after the crisis ends.
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
“After we disarm this pandemic, the focus will be shift to girls health and education and UBI. I believe they represent the best long term solutions to the existential problems facing the world” Jack said
His announcement came after other giant tech companies like Amazon’s CEO Jeff Bezos and Microsoft’s Co founder, Bill Gates announced similar donations.
Both have pledged $100 million for coronavirus relief. Google, another tech giant is also donating $800 million amids coronavirus to help those affected worldwide.
Kelvin M. Ashong Twitter @Mawunya_