Facebook CEO Mark Zuckerberg and wife Priscilla Chan just had a baby, and to honor the beautiful occasion he's giving away a massive portion of his wealth.
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The billionaire shared the news in a Facebook post titled, 'A Letter To Our Daughter'. Included in this post, he pledges to donate a large portion of their fortune to the future generations of this world. He will donate a whopping 99% of their Facebook shares (currently valued at $45 Billion) to his new charitable foundation. That would leave them a total of $450 million to themselves.
"For your generation to live in a better world, there is so much more our generation can do," Zuckerberg wrote. "Today your mother and I are committing to spend our lives doing our small part to help solve these challenges."
Full post after cut..................................
The billionaire shared the news in a Facebook post titled, 'A Letter To Our Daughter'. Included in this post, he pledges to donate a large portion of their fortune to the future generations of this world. He will donate a whopping 99% of their Facebook shares (currently valued at $45 Billion) to his new charitable foundation. That would leave them a total of $450 million to themselves.
"For your generation to live in a better world, there is so much more our generation can do," Zuckerberg wrote. "Today your mother and I are committing to spend our lives doing our small part to help solve these challenges."
According to the Facebook head, the Chan Zuckerberg Initiative will focus on "personalized learning, curing disease, connecting people and building strong communities."
In the letter, he writes:
You can read the rest of the lengthy post here:
In the letter, he writes:
"Dear Max, Your mother and I don't yet have the words to describe the hope you give us for the future. Your new life is full of promise, and we hope you will be happy and healthy so you can explore it fully. You've already given us a reason to reflect on the world we hope you live in."
You can read the rest of the lengthy post here:
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