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Facebook's Ceo And Wife To Give 99 Percent Of Shares To Their New Foundation

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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Facebook Inc. Chief Executive Mark Zuckerberg and his wife Priscilla are seen with their daughter named MaxBy Yasmeen Abutaleb SAN FRANCISCO (Reuters) - Mark Zuckerberg will put 99 percent of his Facebook Inc 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.




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