Mark Zuckerberg Plans To Sell 13 Billion In Facebook Shares To Set Up Charity Fund
The proceeds from the sale will go to fund philanthropic activities by the Chan Zuckerberg Initiative, which he founded together with his wife, Priscilla Chan in late 2015. Zuckerberg plans to give away 99% of his Facebook shares over the course of his life, valued at around $70 billion. In a personal statement from Zuckerberg, he mentioned that this sale is part of a plan to sell more of his shares sooner, rather than later, in order to help fund science, education, and medicine through his charity organization....