Skip to main content

Basking in the glow of new parenthood, Zuck says he’ll give his fortune away

basking glow new parenthood zuck says hell give fortune away zuckerberg chan max
Basking in the glow of new parenthood, Facebook CEO Mark Zuckerberg and wife Priscilla Chan said Tuesday they plan to give away 99 percent of their fortune to good causes over their lifetime.

Yes, that’s a lot of money – the value of their Facebook shares currently stands at around $45 billion. However, the plan to transfer the shares over time won’t affect Zuckerberg’s status as controlling shareholder of the company.

Giving birth not only to a baby daughter called Max, but also to a new charitable organization called the Chan Zuckerberg Initiative, the Facebook boss wrote in an open letter to their newborn that they want to do what they can to make the world a better place “because we have a moral responsibility to all our children in the next generation.”

Highlighting health issues, the man behind the world’s biggest social networking service said that with advancing technology, the world has “a real shot preventing, curing or managing all or most [diseases] in the next 100 years,” adding, “Once we recognize that your generation and your children’s generation may not have to suffer from disease, we collectively have a responsibility to tilt our investments a bit more towards the future to make this reality. Your mother and I want to do our part.”

That “part” involves using their fortune to invest in projects aimed at helping to improve the lives of others. He described the mission of the new charity as “advancing human potential and promoting equality,” with initial efforts likely to be geared toward areas such as curing disease, personalised learning, building strong communities, and, of course, connecting people.

The Giving Pledge

Zuckerberg signed up to the Giving Pledge – otherwise known as the billionaire philanthropists’ club – back in 2010. The organization seeks to convince the super-wealthy that passing their fortune to good causes rather than relatives is a more constructive use of their riches. Founded by Warren Buffett and Bill Gates, others who’ve signed up include Tim Cook, Elon Musk, Michael Bloomberg, and Richard Branson.

Max was born last week, though the couple only announced her birth on Tuesday. Zuckerberg recently said he intends to take two months’ paternity leave, while Facebook announced last week that all employees at the company will now be offered up to four months of parental leave.

Editors' Recommendations

Trevor Mogg
Contributing Editor
Not so many moons ago, Trevor moved from one tea-loving island nation that drives on the left (Britain) to another (Japan)…
How to go live on TikTok (and can you with under 1,000 followers?)
Tik Tok

It only takes a few steps to go live on TikTok and broadcast yourself to the world:

Touch the + button at the bottom of the screen.
Press the Live option under the record button.
Come up with a title for your live stream. 
Click Go Live to begin.

Read more
Bluesky barrels toward 1 million new sign-ups in a day
Bluesky social media app logo.

Social media app Bluesky has picked nearly a million new users just a day after exiting its invitation-only beta and opening to everyone.

In a post on its main rival -- X (formerly Twitter) -- Bluesky shared a chart showing a sudden boost in usage on the app, which can now be downloaded for free for iPhone and Android devices.

Read more
How to make a GIF from a YouTube video
woman sitting and using laptop

Sometimes, whether you're chatting with friends or posting on social media, words just aren't enough -- you need a GIF to fully convey your feelings. If there's a moment from a YouTube video that you want to snip into a GIF, the good news is that you don't need complex software to so it. There are now a bunch of ways to make a GIF from a YouTube video right in your browser.

If you want to use desktop software like Photoshop to make a GIF, then you'll need to download the YouTube video first before you can start making a GIF. However, if you don't want to go through that bother then there are several ways you can make a GIF right in your browser, without the need to download anything. That's ideal if you're working with a low-specced laptop or on a phone, as all the processing to make the GIF is done in the cloud rather than on your machine. With these options you can make quick and fun GIFs from YouTube videos in just a few minutes.
Use for great customization
Step 1: Find the YouTube video that you want to turn into a GIF (perhaps a NASA archive?) and copy its URL.

Read more