In a move that stunned his 4.4 million followers, Twitter CEO Jack Dorsey made a surprising announcement on Tuesday (April 7). The social media mogul—who is estimated to have a net worth of over $3 billion<a href="https://www.hotnewhiphop.com/jack-dorsey-shares-update-on-twitters-possible-edit-button-news.71128.html" target="_blank" rel="nofollow noopener">, shared on Twitter that he was donating $1 billion</a> of his equity in Square to help with COVID-19 relief efforts.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editor.urbanlinx.net/wp-content/uploads/userfiles/70/16/731670_e0c99668ba61674537dc192c14db3ba5.jpg" alt="Twitter CEO Jack Dorsey Donates $1 Billion In Square Equity To COVID-19 Relief Efforts"><figcaption>Scott Olson / Staff / Getty Images</figcaption></figure>
&#8220;I’m moving $1B of my Square equity (~28% of my wealth) to #startsmall LLC to fund global COVID-19 relief,&#8221; he tweeted. &#8220;After we disarm this pandemic, the focus will shift to girl’s health and education, and UBI.<a href="https://www.hotnewhiphop.com/twitter-ceo-jack-dorsey-says-he-s-moving-to-africa-next-year-news.96905.html" target="_blank" rel="nofollow noopener">&#8221; Dorsey added a link to a Google Doc</a> where he is openly tracking when and where he donates the money in an effort to be transparent with the public.
“Why now? The needs are increasingly urgent, and I want to see the impact in my lifetime,” the 43-year-old wrote. “I hope this inspires others to do something similar. Life is too short, so <a href="https://www.hotnewhiphop.com/lil-nas-x-fires-jack-dorsey-as-twitter-ceo-for-day-turns-hq-into-a-party-news.86913.html" target="_blank" rel="nofollow noopener">let’s do everything we can today</a> to help people now.” Dorsey also stated that he decided to sell off Square instead of Twitter because he owns more in that company. Check out a few of his tweets below.
<a target="_blank" href="https://twitter.com/_/status/1247616214769086465" rel="nofollow noopener">https://twitter.com/_/status/1247616214769086465</a>
 <a target="_blank" href="https://twitter.com/_/status/1247616216887255042" rel="nofollow noopener">https://twitter.com/_/status/1247616216887255042</a>
 <a target="_blank" href="https://twitter.com/_/status/1247616217512198145" rel="nofollow noopener">https://twitter.com/_/status/1247616217512198145</a>