Facebook CEO and Wife Priscilla Chan Announce Birth of Daughter

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In a Facebook post to newborn child Max, the Facebook CEO says he will administer the initiative himself using 99% of shares in company’s stock

The Zuckerbergs announced two births on Tuesday: a baby girl, and to one of the world’s biggest charities.

facebook CEO-Baby
facebook CEO-Baby

That sterling spoon you might have been considering for Mark Zuckerberg’s new baby may no longer be the most exciting gift to the Facebook billionaire’s daughter: after revealing his wife, Priscilla Chan, had given birth to their first child, Max, Zuckerberg announced the creation of a charity organization called the Chan Zuckerberg Initiative.

The couple have pledged to give away 99% of their Facebook shares in their lifetime, currently worth about $45bn.

The charity, which has “the mission of advancing human potential and promoting equality”, will be administered by the CEO himself and is already on track to be worth a potential $3bn by 2018.

 

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