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Digital Bank Founder Worth $6 Billion to Donate Most of Fortune

  • David Velez and wife join Buffett’s Giving Pledge initiative
  • Velez said to own a stake of nearly $6 billion in fintech firm
David Velez and his wife Mariel Reyes
David Velez and his wife Mariel ReyesSource: Nubank
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The founder of the world’s biggest standalone digital bank has signed the Giving Pledge, a promise to donate most of a vast fortune to help solve social issues.

Nubank’s David Velez and his wife, Mariel Reyes, committed to give most of their wealth to philanthropy, the couple said in a statement. Velez, 39, owns a stake worth about $6 billion in Nubank, according to a person with knowledge of the matter, who asked not to be identified because the figures aren’t public. Velez declined to comment on his net worth.