April 9, 2020
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: https://t.co/hVkUczDQmz
— jack (@jack) April 7, 2020
Jack Dorsey is throwing one billion at people scared of the flu and black females because apparently, the flu is very dangerous and females need to be educated, for some reason.
Twitter co-founder and chief executive Jack Dorsey said Tuesday he was committing $1 billion of his personal fortune to coronavirus relief through his philanthropic fund.
Dorsey, 43, revealed in a series of tweets that he would transfer his equity in his digital payments group Square to his limited liability corporation Start Small, contributing around 28 percent of his overall wealth.
Dorsey’s first pledge went to an initiative co-founded by actor Leonardo DiCaprio.
The move could be the largest from a single individual for coronavirus relief and comes with the pandemic spanning the globe and inflicting a heavy toll in lives and economic devastation on the United States.
Coronavirus deaths in the United States soared over 12,800 on Tuesday.
Dorsey said that after the pandemic ends, the fund would focus on health and education for girls and ‘universal basic income’ efforts.
Dorsey, who is CEO of both Twitter and Square, has created a foundation as well as the Start Small LLC.
The model is similar to that established by Facebook founder Mark Zuckerberg in his Chan-Zuckerberg Initiative, allowing for flexibility in funding startups and efforts a foundation may be ineligible to fund.
Why UBI and girl’s health and education? I believe they represent the best long-term solutions to the existential problems facing the world. UBI is a great idea needing experimentation. Girl’s health and education is critical to balance: https://t.co/dC3dU6hvxB
— jack (@jack) April 7, 2020
A document link tweeted by Dorsey showed the new fund had already pledged $100,000 to a new initiative called America’s Food Fund launched by Laurene Powell Jobs, the widow of Steve Jobs, and actor Leonardo DiCaprio.
Dorsey’s net worth is estimated at about $3.3 billion by Forbes, including his stake in Twitter and Square.
Laurene Powell Jobs is a vegan, Steve Jobs was some kind of vegetarian and on-and-off vegan (now dead at an early age), and Leonardo DiCaprio is one of those climate change cultists, so chances are that America’s Food Fund will promote veganism or at the very least, shun animal foods.
Dorsey, who for years has kept details of his charitable efforts private, said all donations to and from the fund would now be visible to the public at all times through a public document.
Other technology entrepreneurs have pledged relief efforts in varying amounts.
Amazon founder Jeff Bezos has pledged $100 million to help food relief efforts during the pandemic, and Zuckerberg has offered more than $25 million to help research through the Bill & Melinda Gates Foundation.
The Gates Foundation last month pledged $125 million for research but is believed to be investing more in a variety of projects.
Most of that money will end up in the hands of blacks and browns, because they’re the real victims of coronavirus.
Instead of using that money for something that will benefit his people and his future, Jack Dorsey chose to fuel the flu hysteria with it in order to feel like a really good boy.
All of these philanthropists have mommy issues.