Mark Zuckerberg and wife, Priscilla Chan, are giving up 99% of their Facebook shares (equivalent to $45 billion US dollars) to charity. They’ll still be insanely rich, however, with $455 million leftover.
The couple made a bold and powerful move revealing their mission to advance “human potential” and “promot[e] equality”. Yet, not long after the announcement came the criticism.
- They have not specified when, but promised to donate the money over the course of their lives.
- It seems like the money will stay in America; however, they’d get the most bang for their buck donating abroad to combat things like poverty, illnesses and lack of education.
- Is this just a business move to avoid tax? Or does he really want his daughter to grow up in a better world?
My (entirely biased) suggestions on where the Facebook creator should dump his earnings:
- Geoengineering to tackle climate change
- Biological advances and gene-editing technologies like CRISPR
- Space exploration
- And, of course, research
Finally, Zuckerberg’s donations can have profound and revolutionary implications on mankind, regardless of the skepticism, and may even encourage other millionaires and billionaires to engage in similarly bold, philanthropic acts.
Read the letter on Facebook: “A letter to our daughter”
TIME magazine reveals 5 things 99% of Zuckerberg’s fortune can buy the world