Home News Twitter CEO, Jack Dorsey pledges $1 billion in Square stake for coronavirus relief

Twitter CEO, Jack Dorsey pledges $1 billion in Square stake for coronavirus relief

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Jack Dorsey, the CEO of Twitter and digital payments platform Square has announced he will donate $1 billion worth of equity in Square to his Start Small LLC to fund COVID-19 relief around the world. Dorsey, who has a net worth of about $3.9 billion made the announcement in a tweet, disclosing that he is donating $1bn of Square shares to a charitable fund, called Start Small, to “fund global COVID-19 relief”.

The 43-year-old said the donation was equivalent to about “28% of my wealth”.

He wrote: 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.

 

jack

@jack

I’m moving $1B of my Square equity (~28% of my wealth) to 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://docs.google.com/spreadsheets/d/1-eGxq2mMoEGwgSpNVL5j2sa6ToojZUZ-Zun8h2oBAR4 

Start Small tracking

Donations Current Value, $ 1,000,000,028.00 ,*40M past donations Current Price, $ 50.42 Number of Shares in LLC,19,833,400 Total Remaining: , $ 1,000,000,028.00 Total Dispersed:, $ 1,000,000.00…

docs.google.com

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