Mark Zuckerberg Will Give Away 99-Percent of His Facebook Shares

Approximately $45 billion USD.

By
Tech
12,971 Hypes 0 Comments

Facebook CEO Mark Zuckerberg and wife Priscilla Chan welcomed a new baby girl, Max, into the world this past Tuesday. To announce her birth, the couple penned a letter on Facebook addressed to their daughter, describing a better future for her to grow up in. In order to realize their aspirations, the new parents introduced the Chan Zuckerberg Initiative with plans to donate 99 percent of their Facebook shares, currently valued at approximately $45 billion USD. As Zuckerberg wrote in the message, “We believe all lives have equal value, and that includes the many more people who will live in future generations than live today. Our society has an obligation to invest now to improve the lives of all those coming into this world, not just those already here.”

The technology mogul continues to outline the two core concepts at the crux of the Initiative: advancing human potential and promoting equality. “Advancing human potential is about pushing the boundaries on how great a human life can be,” while “Promoting equality is about making sure everyone has access to these opportunities — regardless of the nation, families or circumstances they are born into.” Following the recent communiqué regarding Zuckerberg’s collaborative effort with Bill Gates to invest in clean energy technology, the Facebook founder’s philanthropic streak is making serious strides forward since he signed the “Giving Pledge” back in 2010, which means a billionaire agrees to donate more than half of his or her wealth to charity. You can read the full letter through the link below.

Read Full Article

What to Read Next

CXSHXNLY's Josh Pan Drops "The Levitation Stone" Mix
Music 

CXSHXNLY's Josh Pan Drops "The Levitation Stone" Mix

Just in time for our Keith Ape and Playboy Carti show.

NxWorries (Anderson .Paak & Knxwledge) - Link Up
Music 

NxWorries (Anderson .Paak & Knxwledge) - Link Up

Anderson .Paak & Knxwledge’s new project is coming soon.

Jeremih's Releases New Single "Pass Dat"
Music 

Jeremih's Releases New Single "Pass Dat"

Jeremih’s anticipated new album comes this week.


Nike's Lunar Force 1 Duckboot in White Is up Next
Footwear

Nike's Lunar Force 1 Duckboot in White Is up Next

Matching the snow you trek through.

Spotify's Most Streamed Artist of 2015: Drake
Music 

Spotify's Most Streamed Artist of 2015: Drake

2015 has been another banner year for the OVO superstar.

Russell Westbrook's Air Jordan 29 PE Is Coming Soon
Footwear

Russell Westbrook's Air Jordan 29 PE Is Coming Soon

Westbrook approved.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.

Help Support Us

We need ads to keep the lights on and to continue providing free news to our readers. We’d appreciate your support by whitelisting HYPEBEAST on your ad blocker. That way you can keep reading all the great stories for free.

If you have already whitelisted us, simply refresh this page. To find out how to whitelist us, click the button below.

Back

Add Us to Whitelist

We appreciate your support in allowing HYPEBEAST ads. Most ad blockers have similar whitelisting steps and settings. If you need assistance, please contact us.

Adblock Plus

  1. Click on the red ABP icon in the upper right corner of your browser.
  2. Click “Enabled on this site” to disable ad blocking for the current site. In Firefox click “disable on HYPEBEAST”.
  3. Refresh the HYPEBEAST page that you were viewing.

Adblock

  1. Click the AdBlock hand icon.
  2. Click “Don’t run on pages on this domain”.
  3. A new “Don’t run AdBlock on…” dialog may be displayed in the middle of the screen.
  4. Move the “Site” slider to the right. After that, click “Exclude”.
  5. Refresh the HYPEBEAST page that you were viewing.

uBlock

  1. Click the uBlock icon.
  2. Click the large blue “power” button in the menu that appears to whitelist the current website.
  3. Reload the HYPEBEAST page that you were viewing.

Firefox Browser

Firefox Tracking Protection may activate our whitelist notice, which can be disabled temporarily for a browsing session by clicking the shield icon in the URL bar and following the instructions.

Disconnect

  1. Click the Disconnect icon.
  2. Click “Whitelist site”.
  3. Refresh the HYPEBEAST page that you were viewing.