Mark Zuckerberg and Wife Priscilla Chan Announces Birth of Daughter and New Initiative

Check here Mark Zuckerberg and Wife Priscilla Chan New Initiate, Mark Zuckerberg New Initiate, Mark Zuckerberg Daughter Name Max and Mark Zuckerberg Wife

Facebook CEO Mark Zuckerberg and his wife has announced on Tuesday in a Facebook post that they are planning to  donate  99% of their Facebook shares for charitable purposes. They announced this news on the birth of their baby daughter named Max.

Mark Zuckerberg and Wife Priscilla Chan Announces New Initiate on Birth of their Daughter:

According to Zuckerberg, the share of Facebook currently value at $45. The organization is structured as a limited-liability corporation (LLC) but as a charity but  with ordinarily charitable aims.

Zuckerberg announced the move on Facebook in the form of a letter to his baby:

Dear Max,Your mother and I don’t yet have the words to describe the hope you give us for the future. Your new life is full of promise, and we hope you will be happy and healthy so you can explore it fully. You’ve already given us a reason to reflect on the world we hope you live in.Like all parents, we want you to grow up in a world better than ours today.While headlines often focus on what’s wrong, in many ways the world is getting better. Health is improving. Poverty is shrinking. Knowledge is growing. People are connecting. Technological progress in every field means your life should be dramatically better than ours today.We will do our part to make this happen, not only because we love you, but also because we have a moral responsibility to all children in the next generation.We believe all lives have equal value, and that includes the many more people who will live in future generations than live today. Our society has an obligation to invest now to improve the lives of all those coming into this world, not just those already here.

New York manager Michael Bloomberg said “Mark’s decision shows that once it involves financial aid, 30 is that the new 70″.

Mr. Zuckerberg, 31 years recent, owns regarding 4 million shares of class A shares in Facebook and around 419 million category B shares. Every class B share is value 10 votes to each one, which provides Mr. Zuckerberg majority selection power and management over Facebook’s strategic direction.

Mr. Zuckerberg get inspired from the Bill and Melinda Gates Foundation charitable work . He has contributed to several projects of Mr. Gates’s, and Gates Foundation Chief Executive Susan Desmond-Hellmann is on Facebook’s board of administrators. On Nov. 29, Mr. Zuckerberg said  he would be a part of Mr. Gates in launching the Breakthrough Energy Coalition, geared toward investment in new clean energy technology.

The Facebook CEO recently created headlines once he declared he would take 2 months of paternity leave once his daughter’s birth. the corporate offers workers worldwide up to four months of paid maternity or paternity leave.