Billionaires: Twitter’s Jack Dorsey pledges $1bn of his Square stake for virus relief – The National

Billionaires: Twitter’s Jack Dorsey pledges $1bn of his Square stake for virus relief – The National

In our fortnightly roundup, the tech titan makes the largest pandemic donation and Melinda Gates says Donald Trump's WHO defunding is nonsensical. Mr Dorsey, who is also the founder and chief executive of Twitter, said the pledge represents about 28 per cent of his wealth, which Forbes estimates is $3.9bn.. The proceeds from the initial sales will fund coronavirus relief efforts.. I'm moving $1B of my Square equity (~28% of my wealth) to #startsmall LLC to fund global COVID-19 relief.. The Bill & Melinda Gates Foundation has pledged a total of $250m to develop a vaccine and pay for detection, isolation and treatment initiatives.. In 2015, shortly after Twitter cut roughly 8 per cent of its employees, Mr Dorsey said he was donating almost $200m in Twitter stock back to the employee grant pool.. Pulling funding from the World Health Organisation (WHO) is a dangerous and nonsensical move when the world is facing the health crisis brought by the Covid-19 disease pandemic, Melinda Gates said on Wednesday.. Announcing an extra $150m of funding from The Bill & Melinda Gates Foundation to help speed the development of treatments, vaccines and public health measures to tackle the new coronavirus outbreak,