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

(Reuters) – Square Inc and Twitter Inc 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)