Mark Zuckerberg will give away 99% of his Facebook shares

Facebook founder Mark Zuckerberg has become a father. He and his wife Priscilla Chan welcomed their daughter, Max, just yesterday. Following her arrival, the couple penned a letter on facebook addressed to their daughter, expressing their hopes for her to grow up in a better future and outlining Zuckerbergs plans to sell 99% of his shares in the social media giant. The value of those shares are approx. $45 billion USD, which Zuckerberg claims to be only a “small contribution”. The money which will come from selling the shares will be used “to help create this [better] world for all children […]” and “to join many others in improving this world for the next generation.”

In doing so Zuckerberg is going to donate more than half of his wealth to charity, which he commited to when signing the “Giving Pledge” back in 2010.