Jack Dorsey to donate $1 billion to fund COVID-19 relief and other charities

Jack Dorsey, the CEO of both Twitter and digital payments platform Square, said on Tuesday that he will donate $1 billion worth of equity in Square to his Start Small Foundation to fund COVID-19 relief around the world. Dorsey made the announcement in a tweet, revealing that the sum equates to roughly 28 percent of his current net worth, or about $3.6 billion. The announcement marks the most significant philanthropic effort from the 43-year-old tech executive in his career.

Dorsey is far from as wealthy as tech moguls like Facebook CEO Mark Zuckerberg, Microsoft co-founder Bill Gates, and Amazon CEO Jeff Bezos. Yet, thanks to the performance of the shares he owns in both Square and Twitter, he is still a billionaire and until last year...

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