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Keep in mind that it is of the Facebook shares value, not net worth. Although admirable, it is not apart of the Bill and Melinda Gates pledge that many billion

Keep in mind that it is of the Facebook shares value, not net worth. Although admirable, it is not apart of the Bill and Melinda Gates pledge that many billionaires (notably, Buffet) have taken of giving away half of their new worth before they die. Anyway though, it's still a lot. And I hope they follow what other billionaires have been doing; not just throwing it at charities, but putting it into research and even funding entirely new projects. Funding startups and research labs that have no economic goal or an economic return to shareholders is something that is very needed. I see much of the funding coming from this.

nugget 11y ago
How much does he have outside of Facebook shares? A billion or two? So it's still >90% of net worth.
hkmurakami 11y ago
>Anyway though, it's still a lot. And I hope they follow what other billionaires have been doing; not just throwing it at charities, but putting it into research and even funding entirely new projects. You might be interested in reading about Chuck Feeney (the founder of Duty Free Stores), who was the original guy advocating for such hands-on charitable work.
Arjuna 11y ago
"Although admirable, it is not apart of the Bill and Melinda Gates pledge that many billionaires (notably, Buffet) have taken of giving away half of their new worth before they die." Are you referring to The Giving Pledge [1]? Both Mark and Priscilla have signed it [2]: "We salute the Giving Pledge movement, and are proud to be part of its declaration that those who have been fortunate should give back at least half of their wealth during their lifetimes." [1] https://en.wikipedia.org/wiki/The_Giving_Pledge https://en.wikipedia.org/wiki/The_Giving_Pledge [2] http://givingpledge.org/pdf/pledge-letters/Zuckerberg_Letter.pdf http://givingpledge.org/pdf/pledge-letters/Zuckerberg_Letter...

nugget 11y ago

How much does he have outside of Facebook shares? A billion or two? So it's still >90% of net worth.

hkmurakami 11y ago

>Anyway though, it's still a lot. And I hope they follow what other billionaires have been doing; not just throwing it at charities, but putting it into research and even funding entirely new projects. You might be interested in reading about Chuck Feeney (the founder of Duty Free Stores), who was the original guy advocating for such hands-on charitable work.

Arjuna 11y ago

"Although admirable, it is not apart of the Bill and Melinda Gates pledge that many billionaires (notably, Buffet) have taken of giving away half of their new worth before they die." Are you referring to The Giving Pledge [1]? Both Mark and Priscilla have signed it [2]: "We salute the Giving Pledge movement, and are proud to be part of its declaration that those who have been fortunate should give back at least half of their wealth during their lifetimes." [1] https://en.wikipedia.org/wiki/The_Giving_Pledge https://en.wikipedia.org/wiki/The_Giving_Pledge [2] http://givingpledge.org/pdf/pledge-letters/Zuckerberg_Letter.pdf http://givingpledge.org/pdf/pledge-letters/Zuckerberg_Letter...