Facebook founder to give away 99% of fortune

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Facebook founder Mark Zuckerberg and his wife, Priscilla Chan, have just announced the birth of their first daughter, named Max.

And …… to celebrate they also announced the news he will give away 99 per cent of his shares in Facebook.

Unsurprisingly, the announcements were both posted on Facebook this morning.

The shares he will give away are currently worth about $45 billion.

“Priscilla and I are so happy to welcome our daughter, Max, into this world! For her birth, we wrote a letter to her about the world we hope she grows up in.”

The letter the couple wrote said they hoped their daughter’s generation would advance human potential and promote equality.

“We are committed to doing our small part to help create this world for all children.

We will give 99 per cent of our Facebook shares – currently about $45 billion – during our lives to join many others in improving this world for the next generation.”

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