MANY people take to social media to share major life events. On December 1st, Facebook’s boss, Mark Zuckerberg joined in the tradition he helped create, when he and his wife, Priscilla Chan, announced the birth of their daughter on the social-networking site, along with news that will they give away the majority of their fortune during their lifetime. Around 99% of the shares they own in Facebook will go into the Chan Zuckerberg Initiative, a sum worth around $45 billion today. Their aim, they wrote, is to improve the world for their daughter, Max, and future generations.
Mr Zuckerberg and Ms Chan, who are 31 and 30, respectively, bring a touch of youth to what has been an elderly tradition of giving to charity. Warren Buffett made a similarly large pledge in 2006, when he was 84. Bill Gates, the founder of Microsoft, started his foundation with his wife in 2000, when he was 45. Seeing young tech titans involve themselves in philanthropy earlier could inspire other wealthy youngsters to donate to good causes before they grey.
Successful tech entrepreneurs, who have made fortunes designing solutions to change the status...Continue reading
Source: United States http://ift.tt/1YHQi2D
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