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Jack Dorsey
Twitter CEO Jack Dorsey Donating $1 Billion of His Equity in Square to COVID-19 Relief Efforts
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variety.com
variety.comBy Todd Spangler NY Digital Editor Jack Dorsey, CEO of Twitter and payments company Square, said he is moving $1 billion of his equity in Square to fund COVID-19 relief efforts.
Dorsey, who has a net worth of about $3.3 billion according to Forbes, announced the plan Tuesday on Twitter. He said the $1 billion represents 28% of his net wealth.
The funds will be distributed through the Start Small Foundation, a donor-advised fund through the Silicon Valley Community Foundation. “Why now?
The needs are increasingly urgent, and I want to see the impact in my lifetime,” Dorsey wrote on Twitter. “I hope this inspires others to do something similar.
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