Mark Zuckerberg, the mastermind behind Facebook, is deeply committed to making a positive impact on the world and is backing up his words with actions.
Let’s delve into how the tech mogul intends to utilize his vast fortune during his lifetime.
With a staggering net worth of $93.3 billion, as reported by Forbes, Zuckerberg’s wealth predominantly stems from his stakes in Facebook, the globally renowned social media giant valued at a whopping $725 billion, where he serves as the founder and CEO.
Despite being ranked as the fifth wealthiest individual globally, Zuckerberg has made it clear that his offspring will not be inheriting his immense wealth.
Together with his wife, Priscilla Chan, he plans to allocate 99% of their Facebook shares towards initiatives aimed at enhancing the lives of individuals, particularly those facing significant challenges.
In a heartfelt letter addressed to their newborn daughter, Max, back in 2015, Zuckerberg and Chan outlined their vision to support endeavors that empower individuals worldwide, emphasizing a commitment to nurturing human potential and fostering equality for all generations.
Their aspirations revolve around key pillars such as education, healthcare advancements, fostering social connections, and bolstering community welfare, with the objective of creating a more equitable and thriving society for everyone.
To fulfill their philanthropic goals, the couple intends to contribute 99% of their Facebook shares – valued at $45 billion at the time – over the course of their lives, acknowledging that while their contribution may seem modest in comparison to the vast resources available, they are keen on collaborating with numerous like-minded individuals and organizations dedicated to similar causes.
Prior to this declaration, reports from Bloomberg highlighted Zuckerberg’s substantial donations, including a noteworthy $100 million allocation of Facebook shares to enhance the public school system in Newark, New Jersey, along with a generous donation of 36 million shares to the Silicon Valley Community Foundation.
Zuckerberg and Chan are part of a growing cohort of billionaires who have pledged to channel their wealth towards meaningful initiatives.
Laurene Powell-Jobs, widow of the late Steve Jobs, has affirmed her commitment to directing their accumulated wealth towards various charitable ventures, echoing sentiments shared by Bill Gates, who has also expressed his intention not to pass on his vast fortune to his children.
Facebook, which originated as a college project for Zuckerberg
