Wednesday, 2 December 2015

Mark Zuckerberg to give 99% of his shares to charity

Mark Zuckerberg, 31, the co-founder and chief executive of Facebook, announced on Tuesday that he and his wife would give 99 percent of their Facebook shares holdings currently worth more than $45 billion — to charitable purposes.

The pledge was made in an open letter to their newborn daughter, Max, who was born about a week ago.

Mr. Zuckerberg and his wife, Dr. Priscilla Chan, said they were forming a new organization, the Chan Zuckerberg Initiative, to manage the money, through an unusual limited liability corporate structure. “Our initial areas of focus will be personalized learning, curing disease, connecting people and building strong communities,” they wrote.

In a statement, Bill Gates and his wife, Melinda, congratulated Mr. Zuckerberg and Dr. Chan.

“The example you’re setting today is an inspiration to us and the world,” they said. “We can be confident of this: Max and every child born today will grow up in a world that is better than the one we know now. As you say, ‘Seeds planted now will grow.’ Your work will bear fruit for many decades to come.”

Wow! He has laid a very good example for everyone, especially wealthy young people to follow. We should not work to gain wealth for vain reasons only, we ought to remember that the money we make should also make a difference in our world.

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