Mark Zuckerberg to give away 99% of Facebook shares
Mark Zuckerberg and his wife Priscilla Chan have announced that they will give away 99% of their shares in Facebook, following the birth of their daughter Max. The couple will be donating their fortune to the Chan Zuckerberg Initiative, with the aim of making the world a better place for their daughter to grow up in. Based on Facebook’s current value, the donation will amount to around $45bn (£30bn) and, in a letter posted on his Facebook page, Zuckerberg said that his focus would be on advancing human potential and promoting equality for children in the next generation.
The pair hopes that their donation of $45bn over their lifetime will help to deal with issues such as “curing disease, connecting people and building stronger communities.” The letter also made it clear that technology would play a big part in helping the couple to advance human potential and promote equality.
Zuckerberg’s letter on Facebook was written directly to Max as he made it clear that she had given the couple hope for the future and they couldn’t wait to see what she would bring to the world.