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Jack Dorsey is devoting $1 billion of his stake in Square Inc., the payments firm he co-founded, to help fund the coronavirus relief effort, Time reports.

“After we disarm this pandemic, the focus will shift to girl’s health and education, and UBI,” Dorsey said Tuesday in a tweet, referring to universal basic income. The pledge represents about 28% of his wealth, he said.

Dorsey, also the co-founder of Twitter Inc., has a net worth of about $3.9 billion, according to the Bloomberg Billionaires Index.

While other billionaires have announced significant donations to combat the pandemic and the anticipated economic turmoil, Dorsey’s pledge is by far the biggest announced so far. Amazon.com Inc.’s Jeff Bezos, the world’s richest person, will donate $100 million to Feeding America.