Facebook founder Mark Zuckerberg and his wife Priscilla Chan have welcomed the new addition to their family into the world – their baby daughter, “Max”.
In an open letter written to his new daughter, Mr Zuckerberg, the mastermind behind Facebook has pledged to give away 99% of his Facebook earned fortune to a new initiative based LLC.
Whilst it’s not entirely clear what the new initiative will be doing, Zuckerberg hinted at some possible uses in his letter to Max, saying
“Our initial areas of focus will be personalised learning, curing disease, connecting people and building strong communities”. The letter itself was over 2000 words long and already has over 1.1million likes. You can read the full open letter here: https://www.facebook.com/notes/mark-zuckerberg/a-letter-to-our-daughter/10153375081581634
We believe that Zuckerberg and Chan will be targetting areas which personally interest them, such as Zuckerbergs recent “bring coding to schools” scheme, and the fight against ebola.
Zuckerberg won’t be giving away his majority stake in Facebook any time soon, nor will he be giving away his full fortune in 1 go – the first 3 years will see the new initiative be gifted 1 billion dollars worth of shares per year, with the rest of the money being drip fed over the lifetime of Mark and Priscilla.
This isn’t the first time Zuckerberg has invested in projects which are beneficial to the world, with the internet.org initiative bringing together the world’s tech giants in a bid to provide internet to even the remotest parts of the world, along with plans to launch a satellite into space in order to provide internet to much of Africa. The satellite launch is expected to take place some time in 2016, and if it is a success, could see some very interesting projects in the future.