Mark Zuckerberg Is Donating 99% Of His Facebook Shares

Mark Zuckerberg is donating
Image courtesy Mark Zuckerberg

Mark Zuckerberg is donating 99% of his Facebook shares to help improve the future of the world we live in. In a Facebook post, Mark and Priscilla Zuckerberg announced the birth of their daughter Max as well as an ambitious goal of donating $45 billion dollars worth of stock to help the world. Zuckerberg is currently the 7th richest person in the world and all of that wealth was accumulated through Facebook. In the couples birth announcement on Facebook Zuckerberg explained his decision and included a letter to their infant daughter, Max.

Priscilla and I are so happy to welcome our daughter Max into this world!For her birth, we wrote a letter to her about…

Posted by Mark Zuckerberg on Tuesday, December 1, 2015

Zuckerberg seems to be taking a page out of Bill Gates’ handbook and turning his accumulated fortune into a philanthropic cause. It’s refreshing to see people like Gates and Zuckerberg doing their part for the greater good and a 99% stake in his Facebook shares isn’t small potatoes. Philanthropist and billionaire Mike Bloomberg reacted to Zuckerberg’s post with this comment.

“My hat’s off to Mark for making a decision he’ll never regret and making a difference he’ll forever be remembered for. Devoting his wealth to philanthropy at such an young age will not only benefit people from around the world for decades to come, it will also set an example for everyone in his generation who has the means to give. The traditional approach to giving – leaving it to old age or death – is falling by the wayside, as it should. Mark’s decision shows that when it comes to philanthropy, 30 is the new 70. I share many of Mark’s philanthropic interests, especially around education and innovation, and his focus on long-term ideas and research will help create economic opportunities and promote social equality for generations to come. The only question now is: How many of his peers in Silicon Valley and beyond will join him?”

What do you think of the Zuckerberg’s donating 99% of their Facebook shares? Let us know in the comments below.

  Source: Forbes
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