Jack Dorsey, CEO of Square, Chairman of Twitter and founder of both, holds an event in London. File
Gulf Today Report
Twitter CEO Jack Dorsey announced to set aside $1 billion or just under a third of his total wealth to fight the pandemic.
In a series of tweets, he said it's important to show his work so others can learn.
Dorsey said he would put 28 percent of his wealth, in the form of shares in his mobile payments company Square, into a limited liability company that he had created, called Start Small. Start Small would make grants to beneficiaries, he said, with the expenditures to be recorded in a publicly accessible Google document.
"I'm moving $1B of my Square equity (28 per cent 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," Dorsey said.
Dorsey also tweeted a link to a public Google Doc where people can track which organisations the fund's money will go to.
He said the needs are increasingly urgent, and he wants to see the impact in his lifetime.
"I hope this inspires others to do something similar. Life is too short, so let's do everything we can today to help people now," he noted.
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Jack said he has funded $40 million in grants to many organisations with proven impact and efficiency in the past, mostly anonymously.
Dorsey, 43, joins a growing list of celebrities, world leaders and technologists who are earmarking some portion of their wealth to fighting the spread of the coronavirus and its effects.
Oprah Winfrey has donated more than $10 million of her personal wealth to Covid-19 relief efforts, while other Hollywood personalities — including Justin Timberlake, Dolly Parton and Rihanna — have also made contributions.
Arjun Kapoor is joining hands with international stars Jason Derulo, Dua Lipa, Maluma, Nicky Jam, Becky G, among others, to raise funds for those affected by coronavirus globally.
Anna Wintour has shared the emotional response she experienced after finding out Ralph Lauren donated $10m to fighting coronavirus.
A year into the pandemic, infection rates are falling. Hospitals are quieter; morgues are emptier. Emboldened by vaccines, we’re dropping our masks and stepping closer. Slowly we’re reopening indoor dining, theaters, museums and schools.
The decision include between new construction, completion and purchase of ready housing, maintenance and addition to a home. The move was implemented on the orders of the UAE President His Highness Sheikh Mohamed Bin Zayed Al Nahyan.
The Ministry of Foreign Affairs and International Cooperation affirmed the UAE's permanent rejection of all practices that aim to destabilize security and stability and contradict human and moral values and principles.
Organised by the Centre and supported by the Sharjah Chamber of Commerce and Industry (SCCI), the event will run from April 5 to 21, featuring over 10,000 products from prominent brands and retailers with discounts of up to 75%.