Jack Dorsey, CEO of Twitter, says he is making $1bn of equity in his company Square available to help in the fight against Covid-19.

In a Twitter thread on Tuesday, Mr Dorsey pledged 28 per cent of his estimated net worth to the pandemic recovery and relief efforts. Once the threat has been "disarmed", the fund would focus on universal basic income and girls' health and education.

The 43-year-old's 19,833,400 shares in Square, at a $50.31 value, were transferred into the LLC Start Small.

Download the new Independent Premium app

Sharing the full story, not just the headlines

According to a public tracking document shared by Mr Dorsey, the first donation of $100,000 was made on 2 April to America's Food Fund to "fund meals to people impacted by Covid".

More follows…

Please be respectful when making a comment and adhere to our Community Guidelines.

You can find our Community Guidelines in full here.

Please be respectful when making a comment and adhere to our Community Guidelines.

You can find our Community Guidelines in full here.