Mark Zuckerberg and wife has just announced that they
will be donating 99% of their Facebook shares to charity over the course of their
life as they introduce their new born baby girl named Max.
“On December 1, 2015, our Founder, Chairman and CEO, Mark Zuckerberg, announced that, during his lifetime, he will gift or otherwise direct substantially all of his shares of Facebook stock, or the net after-tax proceeds from sales of such shares, to further the mission of advancing human potential and promoting equality by means of philanthropic, public advocacy, and other activities for the public good. For this purpose,
Mr. Zuckerberg has established a new entity, the Chan Zuckerberg Initiative, LLC, and he will control the voting and disposition of any shares held by such entity. He has informed us that he plans to sell or gift no more than $1 billion of Facebook stock each year for the next three years and that he intends to retain his majority voting position in our stock for the foreseeable future.
They shared the news of the baby's
birth in a Facebook post entitled, 'A letter to our daughter'. It reads
'Dear Max, Your mother and I don't yet have the words to describe the hope you give us for the future. Your new life is full of promise, and we hope you will be happy and healthy so you can explore it fully. You've already given us a reason to reflect on the world we hope you live in.'
The post did not reveal when little
Max was born or her full name.
The couple announced Priscilla's
pregnancy on Facebook earlier this year - acknowledging their long struggle
with fertility issues and revealing they had suffered several miscarriages
before conceiving their healthy little girl.
They used the open letter as an
opportunity to describe 'the world we hope she grows up in'.
'Like all parents, we want you to
grow up in a world better than ours today,' it says. 'While headlines often
focus on what's wrong, in many ways the world is getting better. Health is
improving. Poverty is shrinking. Knowledge is growing. People are connecting.
Technological progress in every field means your life should be dramatically
better than ours today.
'We will do our part to make this
happen, not only because we love you, but also because we have a moral
responsibility to all children in the next generation.
'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.'
We can only wish Mark, Priscilla and
little Max a happy life.
