I PROMISSE TO GIVE ANYONE WHO COMMENTS I
LOVEYOU
MACK ZUKERBERG ON THIS SITE $10,000 USD
Zuckerberg is a member of the Giving Pledge, joining Bill Gates, Warren Buffett, and over 100 other billionaires vowing to donate the majority their wealth to philanthropy. He plans to sell 99% of his Facebook shares during his lifetime.
Zuckerberg has complete control over Facebook's future, thanks to his majority votin
g rights.
Facebook's stock price
rose over 50% from April 2016 to September 2017, and Zuckerberg said he plans
to accelerate selling shares to fund The Chan Zuckerberg Initiative.
Zuckerberg said in September 2017 that he
planned to sell 35 to 75 million shares over the next 18 months, totaling
between $6 billion and $12 billion.
Some of his Facebook shares will go toward
the Chan Zuckerberg Initiative, a philanthropic organization he founded with
his wife in 2015 focused on "personalized learning, curing disease,
connecting people, and building strong communities."
The Chan Zuckerberg Initiative is tackling
both local and global issues. In 2016 Zuckerberg and Chan invested $3 billion
into research focused on curing the world's diseases by the end of the century.
In an in-depth interview with the The New
Yorker, Zuckerberg said people in Silicon Valley react to his pledge to cure
all diseases in one of two ways...
"A bunch of people have the reaction of
'Oh, that's obviously going to happen on its own — why don't you just spend
your time doing something else?' And then a bunch of people have the reaction
of 'Oh, that seems almost impossible — why are you setting your sights so
high?'"
In 2017, the Chan Zuckerberg Initiative
partnered with housing startup Landed, giving $5 million to help at least 60
teachers in Redwood City and East Palo Alto, California, purchase real estate.
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