Which entrepreneur has been the most generous in the face of Covid-19? It’s neither Jeff Bezos, nor Mark Zuckerberg, nor Bill Gates, but. In a series of tweets, on April 7, the atypical boss of announced to give $ 1 billion (out of a personal fortune estimated at 5.7 billion) to the fight against the coronavirus, which is still raging in the United States.
For several years, the 43-year-old entrepreneur had already chosen to pay himself only a dollar of annual salary, letting his remuneration swell thanks to the shares allocated to him. This time he drew from those of his second company, the micropayment specialist Square. Why now? “The needs are more and more urgent, and I want to see the impact in my life,” he explains in a tweet. “I hope this will inspire others to do something similar. Life is too short. , so let’s do all we can “
I’m moving $1B of my Square equity (~28% of my wealth) to 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:
– jack (@jack)
Known for his hipster look with a long beard, his retreats in Burma devoted to meditation and his fleeting love stories, the iconic boss has already stood out for his generosity in times of crisis. “When Twitter was at its lowest, he had distributed bonuses to employees on his own funds, remembers a former French employee who worked with him. He is a personality apart, he is very human and money is n ‘ is not his primary source of motivation. “
He chose an original solution to counter Covid-19. Rather than donating money to a large NGO, he set up a company, called #Startsmall, which gives, on a case-by-case basis, the sum that these organizations need. He bet on transparency thanks to a “Google sheet” which details each in[…]