Facebook's Mark Zuckerberg pledges to donate '99% of shares' as he announces birth of daughter
Facebook CEO Mark Zuckerberg, personally worth an estimated $44 billion, has pledged to donate 99% of his Facebook shares to "advance human potential and promote equality for all children in the next generation."
Zuckerberg and his wife Priscilla Chan were welcoming the birth of their baby daughter named Max on the social media platform when they made they announcement.
Zuckerberg wrote: “Like all parents, we want you to grow up in a world better than ours today.”
“As you begin the next generation of the Chan Zuckerberg family, we also begin the Chan Zuckerberg Initiative to join people across the world to advance human potential and promote equality for all children in the next generation,” the open letter continues.
“Our initial areas of focus will be personalized learning, curing disease, connecting people and building strong communities.”
The social media tycoon, personally worth an estimated $44 billion, added while he and Chan were committed to spending their lives playing a “small part” to resolve the challenges, he would “continue to serve as Facebook’s CEO for many, many years to come”.
Zuckerberg has previously said he would follow Microsoft founder Bill Gates’ initiative The Giving Pledge, agreeing to donate half of his fortune.
The Facebook post has already been linked by tens of thousands of people – among them Gates’ own wife Melinda and Arianna Huffington, of the Huffington Post.