Reactions To Twitter CEO Jack Dorsey Committing $1 Billion To Fund Pandemic Relief, Other Initiatives

Twitter CEO Jack Dorsey Pledges 1 Billion To Humanitarian Efforts

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Ever since the world was turned upside down by the current pandemic, we have seen numerous famous people step up with big donations, using their wealth to assist in relief efforts. (We have also seen the opposite, but let’s try to stay positive here.)

Ryan Reynolds and Blake Lively donated $1 million to relief efforts. Conor McGregor has donated over $1 million worth of protective equipment to hospitals. J.J. Watt and his Kealia donated $350,000 to a Houston food bank to provide 1 million meals. Russell Wilson and Ciara made a similar donation in the Seattle area. Angelina Jolie donated $1 million to fight child hunger.

All amazing examples of what the wealthy can do to help out the world in a crisis.

On Tuesday, Twitter and Square CEO Jack Dorsey took those tremendous charitable contributions and raised the bar even higher. MUCH higher.

Dorsey announced in a series of tweets (natch) that he will be committing $1 billion to fund several charitable and humanitarian causes, including relief efforts working to end the current pandemic.

The Wall Street Journal reports…

Mr. Dorsey said he would move around 19.8 million shares of Square to an entity called Start Small LLC, which would disburse the money. After focusing on dealing with the Covid-19 outbreak, Mr. Dorsey said, his money will go toward supporting other causes such as girls’ health and education and universal basic income.

Mr. Dorsey’s pledge is one of the largest individual financial commitments a chief executive has announced during the coronavirus pandemic and comes as many companies also have pledged funds to help deal with the fallout from the Covid-19 crisis.

The $1 billion pledge represents about 28% of Dorsey’s wealth.

“Why now? The needs are increasingly urgent, and I want to see the impact in my 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,” Dorsey wrote.

Whether Dorsey’s incredible charity inspires others in situations similar to his remains to be seen, but many celebrities and leaders of industry were certainly impressed.

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Before settling down at BroBible, Douglas Charles, a graduate of the University of Iowa (Go Hawks), owned and operated a wide assortment of websites. He is also one of the few White Sox fans out there and thinks Michael Jordan is, hands down, the GOAT.