In daughter’s birth announcement, Zuck shares plans to donate 99% of stock
Facebook Chief Executive Officer Mark Zuckerberg, whose wife just gave birth to a baby girl the couple have named Max, announced plans to give away 99 percent of his stock in the social network during his lifetime to advance philanthropic causes. The current value of the planned donation is $45 billion, Zuckerberg and his wife, Priscilla Chan, said in a letter posted on Facebook on Tuesday. The co-founder will still maintain voting control of Facebook for the foreseeable future. Zuckerberg outlined his philanthropic mission, focused on “advancing human potential and promoting equality,” in a letter to his newborn daughter.
Our society has an obligation to invest now to improve the lives of all those coming into this world, not just those already here.
Mark Zuckerberg via Facebook
Dec 1st, 2015