Response to COVID-19
Source: Visual Capitalist

Twitter CEO Jack Dorsey: the real face of humanity

Twitter CEO Jack Dorsey is donating roughly 25% of his net worth to COVID-19 in the form of Square stock, valued at US$1 billion.

According to report from Venture Capitalist, his donation, which was placed in a donor-advised fund called Start Small LLC, is more than four times higher than any other billionaire.

“That said, after the pandemic, Dorsey also stated that this money may also go towards girl’s health and education, as well as universal basic income (UBI)”, VC reported.

It said: “Overall, 77 of the world’s billionaires have made public contributions related to the COVID-19 pandemic, just a fraction of the world’s ultra-rich”.

Read Also:Ecobank Nigeria Launches Business Banking App – Omni Lite App

“As COVID-19 continues to spread globally, will the world’s billionaires still accumulate wealth at greater speeds, or will a different picture emerge as unconventional policies around the world become increasingly commonplace”?, VC asked.

Twitter CEO Jack Dorsey: the real face of humanity

Twitter CEO Jack Dorsey: the real face of humanity

Twitter CEO Jack Dorsey is donating roughly 25% of his net worth to COVID-19 in the form of Square stock, valued at US$1 billion.

According to report from Venture Capitalist, his donation, which was placed in a donor-advised fund called Start Small LLC, is more than four times higher than any other billionaire.

“That said, after the pandemic, Dorsey also stated that this money may also go towards girl’s health and education, as well as universal basic income (UBI)”, VC reported.

It said: “Overall, 77 of the world’s billionaires have made public contributions related to the COVID-19 pandemic, just a fraction of the world’s ultra-rich”.

Read Also:Ecobank Nigeria Launches Business Banking App – Omni Lite App

“As COVID-19 continues to spread globally, will the world’s billionaires still accumulate wealth at greater speeds, or will a different picture emerge as unconventional policies around the world become increasingly commonplace”?, VC asked.

Twitter CEO Jack Dorsey: the real face of humanity

 

Previous articleRemittance inflow to Nigeria, other African countries to shrink in 2020– Analysts
Next articleUnited Capital To Raise ₦20 billion Unsecured Bond  
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.