Mark Zuckerberg to donate 99% of Facebook shares to philanthropy

Mark Zuckerberg and his wife, Priscilla Chan, have committed to donating 99% of their Facebook shares to support scientific research, technology, and medical advancements through the Chan Zuckerberg Initiative.

The philanthropic mission aims to promote human potential and social equality by addressing long-term challenges and investing in innovation. In an open letter to their daughter, Maxima Chan Zuckerberg, the couple expressed that the initiative is driven by a desire to ensure future generations live in a more equitable world where individuals can reach their full potential regardless of their background or circumstances.

The donation, which was valued at approximately $45 billion at the start of the project, will be distributed gradually over their lifetimes. The initiative focuses on long-term investments, community engagement, and technological development to help cure or prevent diseases.