Mark Zuckerberg Just Announced He’s Pledging a Massive Portion of His Wealth to Charity


In a Facebook post announcing the birth of their first child, Mark Zuckerberg and Priscilla Chan revealed on Tuesday the couple will be giving away 99 percent of their Facebook shares—a current estimate of $45 billion—to a wide range of charities to “join many others in improving this world for the next generation.”

 Here is a portion of the Facebook post that they addressed to their newborn daughter Max: 

We will give 99% of our Facebook shares — currently about $45 billion — during our lives to advance this mission. We know this is a small contribution compared to all the resources and talents of those already working on these issues. But we want to do what we can, working alongside many others.

We’ll share more details in the coming months once we settle into our new family rhythm and return from our maternity and paternity leaves. We understand you’ll have many questions about why and how we’re doing this.

This contribution is much larger than any of the previous charitable pledges the Facebook CEO and his wife have made in the past. In June, the couple donated $5 million to helping undocumented teenagers receive higher education. Last year, the Facebook CEO donated $25 million to fighting Ebola. 

Read Zuckerberg’s post in its entirety here. And Mazel Tov to the new parents!

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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