Why Mark Zuckerberg Just Pledged to Give Away 99% of His Facebook Stock
If sold at today's value, the value of that stock would be $45 billion.
Fatherhood has already made Mark Zuckerberg a very generous man. While he and his wife, Priscilla Chan, announced the birth of their new daughter, Max, the Facebook CEO pledged to give away 99 percent of his own stock in Facebook. Profits from nearly all future stock sales will go to philanthropic efforts. If sold today, that would equal approximately $45 billion.
In 2010, Zuckerberg signed the Giving Pledge, a commitment by the world's wealthiest individuals to sign more than half of their fortune away for the good of humanity. Today's announcement makes good on that pledge, with Zuckerberg making his commitment in an open letter to their daughter.
The letter itself is a fascinating glimpse at what Zuckerberg may aim to do with his sizable fortune. Perhaps the most fascinating and futuristic question he poses about how future generations will benefit from science and technology is this:
Can you learn and experience 100 times more than we do today?
The aim of the letter undergirds some of Facebook's current aims, such as connecting the entire world to the Internet, bypassing wired delivery systems and beaming signals from solar-powered drones, for example. Here is an excerpt from the letter:
Giving our solar system a "slap in the face."
- A stream of galactic debris is hurtling at us, pulling dark matter along with it
- It's traveling so quickly it's been described as a hurricane of dark matter
- Scientists are excited to set their particle detectors at the onslffaught
The climate change we're witnessing is more dramatic than we might think.
A lazy buzz phrase – 'Is this the new normal?' – has been doing the rounds as extreme climate events have been piling up over the past year. To which the riposte should be: it's worse than that – we're on the road to even more frequent, more extreme events than we saw this year.
Once again, our circadian rhythm points the way.
- Seven individuals were locked inside a windowless, internetless room for 37 days.
- While at rest, they burned 130 more calories at 5 p.m. than at 5 a.m.
- Morning time again shown not to be the best time to eat.
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