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| Twitter founder donates $ 1 billion to fight Corona virus |
Jack Dorsey, CEO of Twitter blogging platform and Square Digital Payments, has announced that he has invested $ 1 billion in personal assets to help tackle the new Corona virus by setting up the Start Small Charity Fund fight as a limited liability company. According to a tweet, he posted it on his official Twitter account.
$ 1 billion corresponds to approximately 28% of Jack Dorsey’s current net worth of $ 3.3 billion, including his shares on Twitter and Square. ""
The announcement is the largest charity in the career of the 43-year-old CEO. He said the fund should fund global rescue efforts against the emerging corona virus. The fund will focus on fighting the HIV epidemic and financing women's health, education and basic income. We are full (UBI).
Dorsey is far from other CEOs of large technology companies such as Facebook CEO Mark Zuckerberg, co-founder of Microsoft Bill Gates and Amazon CEO Jeff Jeff Bezos. With his stock market performance on Square and Twitter, he's still a billionaire.
Twitter CEO said that women's health, education and full basic income are the best long-term solutions to the world's survival problems. "The demand is getting more urgent," Dorsey said. "I hope to see the effect in life. I hope it inspires us to do something similar to others. Life is too short, so let's do it." The best we have to help people today. "
He also explained why Start Small became a limited company instead of using traditional charities like nonprofits. My course explains: "This model can flexibly fund startups and fund the efforts of organizations that may not be eligible."