St. Louis Native and Twitter Founder Jack Dorsey Giving $1 Billion for COVID-19 Relief

The message was simple and came in a series of tweets. Twitter founder Jack Dorsey today announced that he is allocating $1 billion of his Square equity toward a fund for COVID-19 relief.

Dorsey said the needs are increasingly urgent, and he wants to see the impact in his lifetime. He also hopes his donation inspires others to do something similar, adding that, “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

Why pull just from Square and not Twitter? Simply: I own a lot more Square. And I’ll need to pace the sales over some time. The impact this money will have should benefit both companies over the long-term because it’s helping the people we want to serve.

— jack (@jack) April 7, 2020