Coronavirus Gives Billionaires Jitters; Bill Gates, Jack Ma Pledge Millions

ET Bureau|
Coronavirus Scare
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Coronavirus Scare

As the spread of coronavirus continued unabated across China, claiming at last count, 490 lives, philanthropic celebrities and billionaire CEOs have helped authorities fight back. Here’s a look at the donations that have poured in.

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Bill And Melinda Gates Foundation
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Bill And Melinda Gates Foundation

The foundation started by the Microsoft co-founder and his wife committed $10 million in emergency funds and corresponding support.

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Jack Ma Pledges $14.5 million
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Jack Ma Pledges $14.5 million

Alibaba co-founder and China’s richest man Jack Ma pledged $14.5 million to help fight the coronavirus outbreak. In addition, his Alibaba Group Holding Ltd has also offered to establish a 1 billion yuan ($145 million) fund and share its artificial intelligence expertise with researchers.

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Tencent Founder's Heartfelt Gesture
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Tencent Founder's Heartfelt Gesture

Ma Huateng, also known as Pony Ma, the founder of Chinese tech giant Tencent that created WeChat and TikTok, donated 300 million yuan (about $42 million) to help ease the coronavirus situation in the worst-hit areas. WeChat is also working on maps that show locations of hospitals that are receiving patients in over 300 Chinese cities.

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François-Henri Pinault
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François-Henri Pinault

The Kering Group, the parent company of brands like Gucci, Alexander McQueen, Ulysse Nardin among others, will donate 7.5 million yuan ($1.08 million). Pinault is the chairman of the Kering Group. The funds are to be donated to the Red Cross Foundation in Hubei, and will be used to care for medical staff and patients at hospitals.

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