Jack Dorsey Moves More Than $600 Million Of Square Stock After HIs Promise To Donate $1 Billion To Coronavirus Relief

Jack Dorsey Moves More Than $600 Million Of Square Stock After HIs Promise To Donate $1 Billion To Coronavirus Relief

Jack Dorsey. Fairfax Media via Getty Images On April 7, Twitter and Square’s billionaire CEO Jack Dorsey publicly pledged in a tweet that he would transfer $1 billion worth of Square shares, or nearly a third of his net worth to an entity that would fund COVID-19 relief efforts and other philanthropic endeavors. New documents filed with the Securities Exchange Commission, made public on Tuesday afternoon, show Dorsey is moving forward with his plan.

The Twitter and Square cofounder — who is worth an estimated $3.9 billion, according to Forbes Real-Time Billionaires List — transferred over 12 million shares of […]

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