San Francisco: The internet giant, Facebook CEO Mark Zuckerberg and his wife announced on Tuesday that they will give away 99% of their Facebook shares which is currently worth about $45 billion to a new charity in a letter addressed to their daughter, Max, who was born last week.
Zuckerberg posted a picture of himself, his wife Dr Priscilla Chan and their one week old daughter Max, on his Facebook page along with a post entitled ‘A letter to our daughter.’
The letter comprised 2,220-words, the couple mainly focused on health issues, education, internet access and learning before announcing Chan Zuckerberg Initiative, which aims towards “advance human potential and promote equality.”
Zuckerberg and Chan said they planned to give away 99% of their Facebook shares over their lifetimes to advance the initiative,which was formed as a limited liability company controlled by the two. It will begin by focusing on personalized learning, curing disease, Internet connectivity and community building.
