Biodun Iginla, BBC News

Biodun Iginla, BBC News

Tuesday, December 1, 2015

Facebook founder Mark Zuckerberg to give away 99% of shares


  • 22 minutes ago

Mark Zuckerberg, his wife Priscilla and their baby girl called MaxImage copyright Facebook
Image caption Mark Zuckerberg and his wife Priscilla with their baby girl called Max
Facebook's Mark Zuckerberg and his wife Priscilla Chan say they will give away 99% of their shares in the company to good causes as they announce the birth of their daughter Max.
Mr Zuckerberg made the statement on his Facebook page.
He said they are donating their fortune to the Chan Zuckerberg Initiative because they want to make the world a better place for Max to grow up in.
Mr Zuckerberg said the donation currently amounts to $45bn (£30bn).
He said the aim of the Chan Zuckerberg Initiative is "to advance human potential and promote equality for all children in the next generation".
Its initial areas of focus will be personalised learning, curing disease, connecting people and building strong communities.
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