Mark Zuckerberg's Daughter Comes With $45 Billion Donation

Posted: Dec 2 2015, 5:16am CST | by , Updated: Dec 3 2015, 8:25pm CST, in News | Latest Celebrity News

Mark Zuckerberg's Daughter Comes with $45 Billion Donation
Credit: Facebook

The founder of Facebook, Mark Zuckerberg and his spouse Priscilla Chan are to donate almost all of their fortune as charity.

Mark Zuckerberg and his wife Priscilla Chan announced a monumental decision today. The pair are going to donate 99% of their wealth for the sake of a better society. Humanitarian causes are the watchword here.

The amount is a whopping $45 billion and it will all go towards the scientific, social and moral advancement of humanity. This happens to be the largest sum ever donated for a just and noble cause. It just goes to show you that the rich include in their ranks those who have a heart and soul despite the common cliché of them being callous and cold.

The humongous grant will go on to fund the Chan Zuckerberg Initiative which is a company set up by both the husband and wife pair. Its mission statement says that non-profit organizations will be funded and private investments will be made. Policy talks will also take place as part of the overall agenda. A positive effect will be generated that will create transformations in regions that require immediate attention.

The entire $45 billion will be pledged in parts over the entire life span of Mark Zuckerberg. He will have full voting rights as to where and on when the financial assets are spent. This is his prerogative.

For now, three major donations are most likely to occur from the selling off of much of the Facebook stock in the market. The rate of sales will be no more than one billion dollars per annum. This sounds reasonable enough. Any profits made by the Initiative will drive its lofty goals to their logical conclusion.

The announcement was made in the form of a letter addressed to Zuckerberg and Chan’s newborn child by mom and dad. One of the main objectives is ending inequality and the other one is providing a helping hand whether it is in the villages or the slums.

The very task has been set in motion for the sake of human progress over the next hundred years or so. Human quality of life is paramount. Medical assistance, information access and pecuniary means of living a more wholesome life are not to be ignored in the drive to alleviate the misery of society.

Zuckerberg and his wife have already initiated several other charitable projects. These plans include the struggle against HIV and educational evolution. Furthermore, the provision of Internet in all the poverty-stricken countries at no costs whatsoever is also another laudable goal.

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
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