Zuckerberg to give away 99% of shares

Mark Zuckerberg, his wife Priscilla and their baby girl called MaxImage copyright
Getty Images

Image caption

Mark Zuckerberg and his wife Priscilla with their baby girl called Max

Facebook’s 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 statement 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 (£30bn).

He 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 strong communities.

“Your mother and I don’t yet have the words to describe the hope you give us for the future,” Mr Zuckerberg said at the start of his letter to Max.

Image copyright

Image caption

Both Ms Chan and Mr Zuckerberg are taking parental leave

Zuckerberg to take two months’ paternity leave

Facebook hits one billion users in a day

Facebook paid £4,327 UK corporation tax in 2014

“You’ve already given us a reason to reflect on the world we hope you live in,” it added.

The letter highlighted the important role of technology in achieving the couple’s goals of advancing human potential and equality.

“Many of the greatest opportunities for your generation will come from giving everyone access to the internet,” Mr Zuckerberg wrote to his daughter.

He said more details about the donation will be released once he and Ms Chan return from paternity and maternity leave.

Article source: http://www.bbc.co.uk/news/world-us-canada-34978249#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa

Other Related posts:

  1. Zuckerberg defends Internet.org Facebook’s Mark Zuckerberg believes Internet.org is not a threat to...
  2. Facebook claimant in fraud charge 26 October 2012 Last updated at 16:32 GMT Facebook is...
  3. Facebook in refugee internet pledge Facebook founder Mark Zuckerberg has announced plans to help bring...
  4. TV recognition app to give Facebook the social TV edge The newly launched Facebook TV recognition mobile app represents a...
  5. HP shares tumble on Autonomy bid 19 August 2011 Last updated at 20:16 GMT Continue reading...