Jack Dorsey sets aside $1 billion for charity. His initial focus: coronavirus relief efforts

Jack Dorsey sets aside $1 billion for charity. His initial focus: coronavirus relief efforts

Twitter CEO Jack Dorsey arrives at the Elysee Palace to meet French President Emmanuel Macron Friday, June 7, 2019 in Paris. Twitter co-founder and CEO Jack Dorsey says he’s dedicating more than a quarter of his wealth to a new fund for charitable causes, with the immediate focus on coronavirus relief efforts.

Dorsey will transfer $1 billion of his equity in Square — the digital payments company he also co-founded — to a limited liability company called Start Small, he said in a series of tweets on Tuesday. Dorsey said that amount accounts for around 28% of his wealth.

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