Jack Dorsey, the CEO of both Twitter and Square, announced that would donate $1 billion worth of equity in Square to his Start Small LLC to help the COVID-19.
According to The Verve, the amount accounts for about 28 percent of his current net worth.
He will still be a billionaire after making the generous donation and so far, Dorsey has contributed the largest donation in the efforts to tackle to deadly virus, which has claimed hundreds of thousands of lives across the globe.
"I'm moving $1B of my Square equity (~28% 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, all flows tracked here," he tweeted along with a link to a Google spreadsheet.
He continued, "Why the transparency? It's important to show my work so I and others can learn. I've discovered and funded ($40mm) many orgs with proven impact and efficiency in the past, mostly anonymously. Going forward, all grants will be public. Suggestions welcome. Drop your cash app ;)"