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 announcement in a letter to Max on his Facebook page.
He said they were donating their fortune to the Chan Zuckerberg Initiative to make the world a better place for Max to grow up in.
The donation amounts to $45bn (£30bn) at Facebook’s current value.
However the shares will not be donated to charity immediately, but over the course of the couple’s lives.
Mr Zuckerberg made the announcement in a letter to Max on his Facebook page.
He said they were donating their fortune to the Chan Zuckerberg Initiative to make the world a better place for Max to grow up in.
The donation amounts to $45bn (£30bn) at Facebook’s current value.
However the shares will not be donated to charity immediately, but over the course of the couple’s lives.
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