Congratulations: Facebook founder Mark Zuckerberg for becoming a dad and he has announced the arrival of his baby Max, Zuckerberg has also said that he would be giving away 99% of his shares in the social network. Currently, the Zuckerberg’s Facebook shares are worth around $45 billion in total. Great!
In the post Zuckerberg states that he and his wife would give the shares away in order to help “advance human potential and promote equality for all children in the next generation.” Certainly, if we had a spare $45 billion, we think we would probably want to do that same!
The new organization is all set to be formed as a limited liability company that is controlled by the founder and Preiscilla Chan. Named the Chan Zuckerberg Initiative, with Zuckerber still actually in control of his existing shares and also participating in policy debates according to a statement from Facebook. Said that any profits gained would be pumped back into the initiative.
Thia is what a letter posted on Facebook, Zuckerber speaks directly to his new born daughter, oulining exactly why he feels he needs to help not just the current generation, but those that are being born today.
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.
No denying here, and why should we? People with the kind of wealth Zuckerber has assumed can obviously do whatever they want with their cash, but when they choose to try and make the world a better place for the rest of us, and more importantly, our children – we find ourselves simply wanting to applaud the thought. Well done, and once again congratulations for the third member which you have received with best wishes.