Twitter co-founder and chief executive officer Jack Dorsey has said he is committing $1 billion (N367 trillion) of his personal fortune for coronavirus relief through his philanthropic fund.
Dorsey, took to his official Twitter page on Tuesday, April 7, to make the disclosure, said the fund would focus on health and education for girls and ‘universal basic income’ efforts after the pandemic.
He tweeted: “Why now? The needs are increasingly urgent, and I want to see the impact in my lifetime “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.”
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