A billionaire is giving away a significant fraction of his money to coronavirus relief. Jack Dorsey has said he’s donating $1 billion to the cause. This is a good start — he says it’s over 25% of his net worth — with a couple of reservations: he has only said he’s going to do this, and rich people have a reputation for not following through; distributing that much money is a huge, difficult task and Dorsey is not an expert on funding biomedical institutions; and damn, he shouldn’t have that much money in the first place.
He also still has a couple of billion dollars more in his pocket. He’s not going to be hurting.
Indeed, credit where it’s due. A thousand million dollars is a big wodge of cash.
I shall be very interested to see his organisation’s financial structure.
Since his social media platform was one of the big enablers of Trump getting into power, it seems like the very least he could do. I’ll be impressed with the man when he bans the orange-painted tyrant entirely.
If it really is 25% of his wealth, then he could easily shell out another couple of billion and still have a billion or so left to live on for the rest of his life. And with smart investment and further development of the Twitter platform, he could recoup more billions in a few years.
Meanwhile, in New Zealand, where we don’t really have billionaires: https://www.stuff.co.nz/business/120912415/coronavirus-how-tindall-morgan-and-fyfe-worked-to-ready-country-for-covid19-fight