Who Offers The Largest Donations To Fight COVID-19?
21 May, 2020
The world is facing an unprecedented challenge with communities and economies everywhere affected by the growing COVID-19 pandemic.
The world is coming together to combat the COVID-19 pandemic bringing individuals, governments, and organizations from different industries and sectors, together to help respond to this global outbreak. Some of the biggest names in the world of business have donated to fund research, pay for personal protective equipment for hospitals, and help victims suffering during the COVID-19 crisis.
The biggest donation came from Twitter and Square CEO Jack Dorsey. He is donating $1 billion – one quarter of his fortune. If any of the money was left over, it should go towards causes helping girls worldwide and those dealing with basic income, Dorsey has reportedly said.
Russian billionaire Vladimir Potanin has made the second-highest private COVID-19 donation. Potanin owns just over a third of nickel and palladium producer Norilsk Nickel, which has pledged more than $150 million on relief efforts. The funds will be used to purchase medical equipment, medicine, and PPE for healthcare institutions, and for Norilsk Nickel’s employees and businesses.
Azim Premji, Indian tech magnate, Chairman of Wipro Limited, committed $134 million through his philanthropic arm, the Azim Premji Foundation. The money will be used for humanitarian aid and for beefing up healthcare support targeted at containment and treatment of the disease.
Bill and Melinda Gates have been very involved in the crisis through their charitable foundation. They have contributed $100 million through the foundation to aid global detection, isolation, and treatment of the virus.
Michael Dell, founder of Dell Technologies, and his wife, Susan Dell, are donating $100 million through their charitable foundation to combat the effects of COVID-19.
More well-known philanthropists have pledged to the coronavirus cause, among them Jeff Bezos, CEO of Amazon, Steve Ballmer, former CEO of Microsoft, Mark Zuckerberg and Priscilla Chan, founders of the Chan Zuckerberg Initiative, Michael Bloomberg, majority owner and co-founder of Bloomberg L.P. Bloomberg Philanthropies, Jack Ma, co-founder and former executive chairman of Alibaba Group, and many others.
The outpouring of global solidarity and support sparked by this shared challenge has been phenomenal.