Mark Zuckerberg to Give Most of $6 Billion Fortune to Charity
source: http://www.theblogismine.com/2010/12/10/mark-zuckerberg-to-give-most-of-6-billion-fortune-to...
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Facebook founder Mark Zuckerberg has joined the ranks of America’s celebrity philanthropists by agreeing to give most of his multi-billion dollar fortune away to charity. According to Forbes, the 26-year-old’s fortune is worth $6.9 billion.
Mr. Zuckerberg, along with junk bond pioneer Michael Milken and AOL co-founder Steve Case, are among 17of the U.S. richest people who have signed the Giving Pledge, a promissory group founded by Warren Buffett and Bill Gates which seeks to get billionaires to publicly pledge large chunks of their fortunes to charity and not their heirs.
Dustin Moskovitz, a co-founder of Facebook and former Harvard roommate of Mr. Zuckerberg’s, has also signed the pledge. According to Forbes, Mr. Moskovitz, who is also 26, has a fortune of about $1.4 billion.
In a release on the Pledge’s website, Zuckerberg explained why, among other things, he pledged $100 million to the Newark, N.J., public school system earlier this year. “People wait until late in their career to give back. But why wait when there is so much to be done?” Zuckerberg said.
“With a generation of younger folks who have thrived on the success of their companies, there is a big opportunity for many of us to give back earlier in our lifetime and see the impact of our philanthropic efforts,” he added.
More: http://www.theblogismine.com/2010/12/10/mark-zuckerberg-to-give-most-of-6-billio...
Mr. Zuckerberg, along with junk bond pioneer Michael Milken and AOL co-founder Steve Case, are among 17of the U.S. richest people who have signed the Giving Pledge, a promissory group founded by Warren Buffett and Bill Gates which seeks to get billionaires to publicly pledge large chunks of their fortunes to charity and not their heirs.
Dustin Moskovitz, a co-founder of Facebook and former Harvard roommate of Mr. Zuckerberg’s, has also signed the pledge. According to Forbes, Mr. Moskovitz, who is also 26, has a fortune of about $1.4 billion.
In a release on the Pledge’s website, Zuckerberg explained why, among other things, he pledged $100 million to the Newark, N.J., public school system earlier this year. “People wait until late in their career to give back. But why wait when there is so much to be done?” Zuckerberg said.
“With a generation of younger folks who have thrived on the success of their companies, there is a big opportunity for many of us to give back earlier in our lifetime and see the impact of our philanthropic efforts,” he added.
More: http://www.theblogismine.com/2010/12/10/mark-zuckerberg-to-give-most-of-6-billio...
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