Mark Zuckerberg Baby News: Head of Facebook Announces Baby's Birth and Plans For Philanthropy
Facebook CEO Mark Zuckerberg has welcomed his baby girl named Max, but that's not all, he and his wife have vowed to donate 99 percent of his total Facebook stocks to charity.
Early last week, Zuckerberg and his wife, Dr. Priscilla Chan, welcomed Maxima Chan Zuckerberg, and with the announcement of their new baby came the declaration that they will be donating 99 percent of Zuckerberg's Facebook stocks to charity. That's an estimated total of about $45 billion.
In July, the CEO of the world's most popular social media network announced their pregnancy through an emotional Facebook post that revealed they've had three miscarriages. This news came as a shock to the Facebook community, and while some didn't find the news so encouraging, Zuckerberg said he shared his experiences so he can somehow help enlighten those who have gone through the pains of losing a child.
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On Tuesday, Zuckerberg realized that there is no better way to express his joy for his wife's safe delivery than to share it with people on the platform he founded. Part of his post reads, "Max, we love you and feel a great responsibility to leave the world a better place for you and all children."
According to Forbes, the charity plans were made official through a filing with the Securities and Exchange Commission. The filing not only states that Zuckerberg will decide how he will dish out his stocks throughout his lifetime but it also reveals a new organization that the couple established, wherein most of the money is expected to go.
In his post, Zuckerberg explained how the organization works. Addressing Max and telling her how he expects his daughter to live her life, he said he would like to see Max "join people across the world to advance human potential and promote equality for all children in the next generation."
The charity is called Chan Zuckerberg Initiative, and according to the Facebook CEO, it aims to build a stronger community for people that speaks of cured diseases and "personalized learning."
