Priscilla Chan and Mark Zuckerberg pledge to donate 99% of Facebook Shares

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On Tuesday, 30 year-old Dr. Priscilla Chan and 31 year-old Mark Zuckerberg announced the birth of their newborn baby girl, Max in an open letter about She is said to have been born sometime last week.

The open letter on Mr. Zuckerberg’s Facebook page was addressed to their daughter and shares their hopes and dreams about advancing human potential and promoting equality. In order to help with these changes they couple have said they will be donating 99% of Facebook shares to good causes which currently would amount to £30bn.

They have started the Chan Zuckerberg Initiative which is similar to that of the Bill and Melinda Gates Foundation. Because it is not an NGO, they will have more room and opportunity to be influential in other areas such as investing in companies and potentially influencing public policy debates.

While Mark is well-known as being the Co-Founder and Chief Executive of Facebook, his wife is the co-founder and CEO of a new non-profit private school, The Primary School, in East Pablo and is also a pediatrician. Together they are planning on donating the £30bn over the course of their life.

Zuckerberg and Chan stated in the letter that they are planning “to sell or gift no more than $1 billion of Facebook stock each for the next three years” and that “Our initial areas of focus will be personalized learning, curing disease, connecting people and building strong communities.”

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