Mark Zuckerberg and his wife Priscilla Chan say they will give away 99%
of their shares in the company to good causes as they announce the birth
of their daughter Max. Mr Zuckerberg made the announcement in a letter to Max on his
Facebook page. He said they are donating their fortune to the Chan
Zuckerberg Initiative because they want to make the world a better place
for Max to grow up in.
Mr Zuckerberg said the donation currently amounts to $45bn
Max was born last week, but the couple only made the news of her
birth public on Tuesday.
In his letter Mr Zuckerberg said the aim of the Chan Zuckerberg
Initiative is "to advance human potential and promote equality for all
children in the next generation". Its initial areas of focus will be
personalised learning, curing disease, connecting people and building
Everything Mark Zuckerberg does is eyed with intense scrutiny,
not least due to the nature of Facebook’s business of making money from
But while the 31-year-old’s previous charitable efforts have been
criticised for being too focused on building Facebook’s user base, this
latest pledge appears to leave the Facebook business to one side.
The days of Mark Zuckerberg being seen as a nerdy, awkward tech
dork are well behind us. His ambition now is clearly to be a significant
figure on the global political stage.