Jack Dorsey, the boss-founder of Twitter, explains that this sum represents 28% of his fortune.
The founder and patron saint of Twitter, Jack Dorsey, announced Tuesday that he would give $ 1 billion to participate in the fight against the pandemic of sars coronavirus. In a series of tweets, he explained that this sum represents 28% of his fortune. To reach this amount, it will gradually sell shares of his other company, Square, which specializes in digital payment. “When we have defused this pandemic, the money will be redirected to the health and education of girls, as well as the universal income,” says the billionaire, whose fortune is estimated at $ 3.3 billion by Forbes.
Jack Dorsey sees in these two areas of potential solutions to the “problems facing the world”. The universal income is a renewed interest of many politicians and businessmen, the economic crisis linked to the Covid-19 has put millions of people to unemployment. “This is a brilliant idea that needs to be tested”, he continues.
“I want to see the effects in my life”
The funds will be allocated through his foundation Start Small, in a transparent way. A spreadsheet that he shared online shows an initial $ 100,000 grant to the “fund american food”. “It is important (that is transparent) so that others and myself can learn lessons from it,” explains the one who had given a third of his shares in Twitter to its employees in 2016.
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“Why now ? Because the needs are urgent and I want to see the effects during my life,” says Jack Dorsey. “I hope that it will inspire others. Life is too short, so let’s do all we can to help people now”.
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Jeff Bezos, boss of Amazon, and the richest man in the world, announced on Instagram five days ago he gave $ 100 million to food banks in the united states. Mark Zuckerberg, founder of Facebook and his wife Priscilla Chan have donated $ 25 million to the search for treatments against the sars coronavirus.
