Jack Dorsey pledges $1 bln of his Square equity for COVID-19 relief efforts

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FILE PHOTO: Jack Dorsey, CEO and co-founder of Twitter and founder and CEO of Square, speaks at the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. REUTERS/Mike Segar/File Photo

(Reuters) – Square Inc and Twitter Inc (TWTR.N) chief executive officer Jack Dorsey said on Tuesday that he pledged $1 billion of his equity in the payments processor toward efforts aimed at fighting the coronavirus outbreak.

In a series of tweets, Dorsey said the amount, representing about 28% of his wealth, will be donated to a charitable fund, Start Small LLC, which would later focus its attention to girls’ health and education.

Reporting by Shariq Khan in Bengaluru; Editing by Anil D’Silva

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