Twitter chief Dorsey vows quarter of his fortune for coronavirus relief fund
Jack Dorsey
Twitter's co-founder and chief executive officerJack Dorseyhas announced that he is donating $1 billion of his personal fortune to coronavirus relief fund.
According toDorsey, the donation represented approximately 28 per centof hisfortune of approximately $3.9 billion.
The 43-year-oldtook to Twitter to make the announcement and said that he was donating square shares equivalent to the sum to a charitable fund, called Start Small, to ''fund global Covid-19 relief''.
It is by far the biggest single donation to the global fight to tackle the coronavirus outbreak and comes with the pandemic spanning the globe and inflicting a heavy toll in lives and economic devastation on the United States.
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Dorsey said that after the pandemic ends, the fund would focus on health and education for girls and "universal basic income" efforts.
Facebook founder Mark Zuckerberg has committed $30 million, the bulk of which is focused on efforts to create a treatment.
Amazon's Jeff Bezos has donated $100 millionto food banks in the US to help those struggling with hunger during this period.
Apple's chief executive Tim Cook announced in March the company would donate medical supplies to Italy which has been hit hard by the virus.