Facebook founder Mark Zuckerberg and his wife Priscilla Chan have welcomed their first child - a baby girl called Max into the world, and used her arrival to announce plans to give away most of their $45 billion fortune. The billionaire and his wife shared the news of the baby's birth in a Facebook post entitled, 'A letter to our daughter'. Included in the lengthy post was the couple's pledge to donate the vast majority of their fortune to future generations.
According to their letter ,they will donate 99% of their Facebook shares currently valued at $45 billion - to the work of their charitable foundation, That would leave them with $450 million for themselves and their new child - based on Facebook's current valuation.Part of their letter to their daughter reads...
'As you begin the next generation of the Chan Zuckerberg family, we also begin the Chan Zuckerberg Initiative to join people across the world to advance human potential and promote equality for all children in the next generation. Our initial areas of focus will be personalized learning, curing disease, connecting people and building strong communities.
'We will give 99% of our Facebook shares -- currently about $45 billion -- during our lives to advance this mission,' 'We know this is a small contribution compared to all the resources and talents of those already working on these issues. But we want to do what we can, working alongside many others.We'll share more details in the coming months once we settle into our new family rhythm and return from our maternity and paternity leaves. We understand you'll have many questions about why and how we're doing this.'
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