However, it seems like Twitter CEO Jack Dorsey might just be setting the example for other billionaires and a big part of the reason why that is the case has to do with the fact that he has just donated a billion dollars to Covid-19 relief efforts. The way this works is that a billion dollars worth of equity in Dorsey’s second company, Square, will be donated to an LLC that he owns by the name of Start Small.
While Start Small is not a charity in the strictest sense and its investments are usually kept private, Dorsey has decided to make it possible for people to publicly track the investments that are being made so that there is a certain level of accountability there. These are things that matter quite a bit due to the reason that they will make it so that you can legitimately end up making sure that he is not trying to enrich himself by channeling money from one of his organizations to another. Dorsey is worth under 4 billion dollars which means that he just donated 25% of his personal wealth if all of the money actually does end up going to charity all in all.
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
Featured Photo: Matt Crossick/PA Images via Getty Images
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