Mark Zuckerberg and wife to give 99 percent of shares to their new foundation,

Facebook Founder Mark Zuckerberg will put 99 percent of his Facebook Inc (FB.O ) shares, currently worth about $45 billion, into a new philanthropy project focusing on human potential and equality, he and his wife said Tuesday in a letter to their newborn daughter.

The plan, which was posted on the Facebook founder and chief executive officer’s page, attracted more than 570,000 “likes,” including from singer Shakira, former California Governor Arnold Schwarzenegger and Melinda Gates, wife of Microsoft founder Bill Gates.

The Gates and other high-profile billionaires such as Warren Buffett have set up foundations of their own to dedicate their massive fortunes to philanthropic endeavors.

Zuckerberg, 31, who will control the new initiative jointly with his wife, Priscilla Chan, while remaining in charge of the world’s largest online social network, said he would sell or give up to $1 billion in shares in each of the next three years.

Full story here www.babbleforum.com/hot-topics/mark-zuckerberg-and-wife-to-give-99-percent-of-shares-to-their-new-foundation-t6477.html

Hmm e get meaning shaa

The guy is very generous.

Thats crazy.No nigerian man will do it

Those you mentioned in your post congratulated Mark and his wife on the birth of their baby girl not because of the shares they declared to donate. I don't understand how you bloggers write your stuff.

denzmark:
Mark Zuckerberg and wife to give 99 percent of shares to their new foundation,

Facebook Founder Mark Zuckerberg will put 99 percent of his Facebook Inc (FB.O ) shares, currently worth about $45 billion, into a new philanthropy project focusing on human potential and equality, he and his wife said Tuesday in a letter to their newborn daughter.

The plan, which was posted on the Facebook founder and chief executive officer’s page, attracted more than 570,000 “likes,” including from singer Shakira, former California Governor Arnold Schwarzenegger and Melinda Gates, wife of Microsoft founder Bill Gates.

The Gates and other high-profile billionaires such as Warren Buffett have set up foundations of their own to dedicate their massive fortunes to philanthropic endeavors.

Zuckerberg, 31, who will control the new initiative jointly with his wife, Priscilla Chan, while remaining in charge of the world’s largest online social network, said he would sell or give up to $1 billion in shares in each of the next three years.

Full story here www.babbleforum.com/hot-topics/mark-zuckerberg-and-wife-to-give-99-percent-of-shares-to-their-new-foundation-t6477.html