Mark Zuckerberg And Wife To Give Away 99 Percent Of Their Facebook Stock, Worth $45 Billion, to Charity


mark zuckerbergFacebook chief executive Mark Zuckerberg penned an open letter Tuesday announcing both the birth of his first child — a girl named Max — and his plan to eventually donate 99 percent of the company stock owned by him and his wife Priscilla Chan, shares worth today about $45 billion.

Zuckerberg said he and his wife Priscilla Chan plan to contribute the bulk of their wealth to “advance human potential and promote equality for all children.”

A federal filing by Zuckerberg lays out the donation’s timing. The Facebook executive will give away no more than $1 billion a year for the first three years of the commitment. To help do so, Zuckerberg said he was launching the Chan Zuckerberg Initiative, an organization aimed at doing philanthropy, advocacy and “other activities for the public good.”

Zuckerberg’s announcement catapults him to the top of the list of business billionaires who have committed to donating the bulk of their fortunes to charity. Bill Gates, former head of Microsoft, already has donated almost $30 billion to the Bill and Melinda Gates Foundation, with pledges to continue giving. Warren Buffett has given billions to charity, as well. Gates and Buffett a few years ago initiated the Giving Pledge, which encourages billionaires to give the bulk of their fortunes to charity.

More than 130 billionaires have joined on, including Judy Faulkner, founder of electronic health records company Epic, who reportedly said she plans to give away 99 percent of her money. Also this year Saudi Prince Alwaleed bin Talal, one of the richest men in the world, said he plans to eventually give away his entire fortune, more than $30 billion, to philanthropic causes.

Zuckerberg’s message Tuesday doesn’t mention the Giving Pledge, but clearly his intentions are just as bold.

He wrote that he and Chan were inspired by Max’s birth to address the world’s biggest problems and did not want to wait.

“I will continue to serve as Facebook’s CEO for many, many years to come,” Zuckerberg wrote, “but these issues are too important to wait until you or we are older to begin this work.”

Dan Marcec, a spokesman at Equilar, which analyzes corporate compensation said the move “speaks to the fact that they’re looking to do more with their money than just put it in a bank.”

(c) The Washington Post

{ Newscenter}


  1. “Zuckerberg said he and his wife Priscilla Chan”. NEBACH. He married out of his faith. His child is not Jewish. His future in Kllal Yisroel is being cut off. What a tragedy.

  2. How about buying diras for young israeli kollel yungerleit in Beit Shemesh, Beitar, etc…Support these chasvhua yungerleit that learn Baser B’Chalav and Hilchos Shabbos and keep Torah from being forgotten from klal yisrael!!

  3. a person needs a zchus to be able to support torah. i doubt this guy has a remote zchus (since marring out) that any of his billions will reach 1 talmid chochom. nebach

  4. Zuckerberg according to Wikipedia is an atheist who has apparently jewish parents. Of course his non-Jewish marriage is very horrifying to any jew who knows G-ds ways.

    Time says maybe he will divorce or find a better honor. His world is not a jewish value system.

    Still, Hashem gave him Facebook. It seems like a pretty big fame.

    Scary simple misery of his own poor knowledge of Torah and Jewish life. If he has a repentance of Torah values, I hope he goes far. He will have to deal with his family issues.

    Intermarriage is the single greatest threat to any jewish community in any conversation or human value of Jewish learning and Jewish family. Hard wage on any human continuity for Israel.


  5. Don’t be jealous he’s not frum. would you rather have $$$45 BILLION dollars or shake a palm tree, schar is mamish unlimited?