Close
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Menu
Search
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Cloud
    • Cloud

    Zuckerberg, Chan Pledge 99 Percent of Fortune to Charity

    By
    Chris Preimesberger
    -
    December 1, 2015
    Share
    Facebook
    Twitter
    Linkedin
      Zuckerberg

      Mark Zuckerberg has been around a mere 31 years, yet he’s already made billions of dollars as co-founder, CEO and chairman of Facebook. Now he’s planning to give away virtually all of that money to charity by the end of his time on Earth, however long that may be.

      Like they say, it’s only money—albeit a lot of money.

      That was the announcement he made Dec. 1 following the birth of his first child — a daughter, Maxima — to he and his wife, Priscilla Chan, last week. In a letter posted on the social network to the newborn, Zuckerberg said the couple will see to it that 99 percent of their fortune will go to the benefit of others.

      Go here to read Zuckerberg’s entire letter.

      Zuckerberg has a current net worth of about $46.8 billion, according to Forbes. He’s a self-made billionaire whose fortune rose by about $13 billion in the past 12 months alone.

      Here’s an excerpt from the letter:

      “As you begin the next generation of the Chan Zuckerberg family, we also begin the Chan Zuckerberg Initiative to join people across the world to advance human potential and promote equality for all children in the next generation. Our initial areas of focus will be personalized learning, curing disease, connecting people and building strong communities.

      “We will give 99 percent of our Facebook shares — currently about $45 billion — during our lives to advance this mission. We know this is a small contribution compared to all the resources and talents of those already working on these issues. But we want to do what we can, working alongside many others.”

      Melinda Gates, wife of Microsoft co-founder Bill Gates, wrote on the comments section of the letter that “We’re thrilled for both of you! Raising children is a great adventure and the best thing we have ever done together. You will be fantastic parents.

      “As for your decision to give back so generously, and to deepen your commitment now, the first word that comes to mind is: Wow. The example you’re setting today is an inspiration to us and the world.

      “We can be confident of this: Max and every child born today will grow up in a world that is better than the one we know now. As you say, ‘seeds planted now will grow.’ Your work will bear fruit for many decades to come.”

      The Gateses spend most of their time doing what Chan and Zuckerberg soon will be doing — giving away billions of dollars — as principals of the Seattle-based Bill and Melinda Gates Foundation.

      Pop singer Shakira wrote: “Your commitment to making the world a better place than you found it, and to empowering everyone to help make that a reality through all the tools you’ve listed here, education for all being one of them, show that success, when shared, has a multiplier effect. It’s not about leaving anyone behind. It’s about helping pull everyone, and humanity in general, forward.

      “Thanks to your generosity, many will have the keys to unlock all of that untapped potential that has been there all along, waiting to be discovered.”

      More information on the new Chan Zuckerberg Initiative fund is forthcoming, Facebook said.

      Avatar
      Chris Preimesberger
      https://www.eweek.com/author/cpreimesberger/
      Chris J. Preimesberger is Editor-in-Chief of eWEEK and responsible for all the publication's coverage. In his 16 years and more than 5,000 articles at eWEEK, he has distinguished himself in reporting and analysis of the business use of new-gen IT in a variety of sectors, including cloud computing, data center systems, storage, edge systems, security and others. In February 2017 and September 2018, Chris was named among the 250 most influential business journalists in the world (https://richtopia.com/inspirational-people/top-250-business-journalists/) by Richtopia, a UK research firm that used analytics to compile the ranking. He has won several national and regional awards for his work, including a 2011 Folio Award for a profile (https://www.eweek.com/cloud/marc-benioff-trend-seer-and-business-socialist/) of Salesforce founder/CEO Marc Benioff--the only time he has entered the competition. Previously, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. He has been a stringer for the Associated Press since 1983 and resides in Silicon Valley.

      MOST POPULAR ARTICLES

      Android

      Samsung Galaxy XCover Pro: Durability for Tough...

      Chris Preimesberger - December 5, 2020 0
      Have you ever dropped your phone, winced and felt the pain as it hit the sidewalk? Either the screen splintered like a windshield being...
      Read more
      Cloud

      Why Data Security Will Face Even Harsher...

      Chris Preimesberger - December 1, 2020 0
      Who would know more about details of the hacking process than an actual former career hacker? And who wants to understand all they can...
      Read more
      Cybersecurity

      How Veritas Is Shining a Light Into...

      eWEEK EDITORS - September 25, 2020 0
      Protecting data has always been one of the most important tasks in all of IT, yet as more companies become data companies at the...
      Read more
      Big Data and Analytics

      How NVIDIA A100 Station Brings Data Center...

      Zeus Kerravala - November 18, 2020 0
      There’s little debate that graphics processor unit manufacturer NVIDIA is the de facto standard when it comes to providing silicon to power machine learning...
      Read more
      Apple

      Why iPhone 12 Pro Makes Sense for...

      Wayne Rash - November 26, 2020 0
      If you’ve been watching the Apple commercials for the past three weeks, you already know what the company thinks will happen if you buy...
      Read more
      eWeek


      Contact Us | About | Sitemap

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Property of TechnologyAdvice.
      Terms of Service | Privacy Notice | Advertise | California - Do Not Sell My Information

      © 2021 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×