Mark Zuckerberg to donate $45 billion worth of shares to charity

Facebook CEO Mark Zuckerberg announced he is taking two months of paternity leave once his baby is born. We wish you a life filled with the same love, hope and joy you give us.

In the letter, the Silicon Valley power couple and Haute 100 listers shared they will donate 99 percent of Zuckerberg’s Facebook shares, valued at $45 billion.

In a letter to the baby, Maxima, posted on his Facebook page, Zuckerberg said: “We’re so happy to welcome our daughter Max into this world”.

In hopes to do what they can to make the world better for the next generation, the Zuckerbergs will launch the Chan Zuckerberg Initiative.

“We believe all lives have equal value, and that includes the many more people who will live in future generations than live today”, Zuckerberg and Chan said in their letter to Max.

Filings made with the US Securities and Exchange Commission, said that Zuckerberg “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”. We can’t wait to see what you bring to this world.

And for personalizing learning, they are partnering with San Francisco Bay Area schools to implement new technology and practices that will help more students to achieve their full potential.

To put this announcement into perspective, the staggering amount of resources Zuckerberg and Chan plan to donate exceeds that of the Bill and Melinda Gates Foundation, which has an endowment of just over $41 billion (including wealth donated by Warren Buffett). The new initiative will join people across the world to advance human potential and promote equality for all children in the upcoming generation. They announced their pregnancy back in July, revealing they’d suffered miscarriages in the past.