Jack Dorsey

Jack Dorsey, co-founder of Twitter and fin-tech firm Square, sits for a portrait during an interview with Reuters in London, Britain, June 11, 2019. REUTERS/Toby MelvilleToby Melville—Reuters
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Dorsey seized the pandemic moment to make his first major foray into philanthropy, announcing that he would devote $1 billion of his equity in payment startup Square—or about 28% of his wealth—to a COVID-19 relief fund. He’s disbursing the money transparently, going so far as to tweet out a public Google spreadsheet tracking the process. About $5.2 million had been doled out as of mid-April; one of the first recipients was the joint $4.2 million grant he and Rihanna (No. 16) set up to benefit victims of domestic violence affected by L.A.’s stay-at-home order. Dorsey is also thinking beyond the epidemic, earmarking any leftover money to support girls’ education and universal basic income, which he calls “the best long-term solutions to the existential problems facing the world.”