Facebook founder Mark Zuckerberg celebrated the birth of his daughter on Tuesday by announcing the creation of one of the world’s biggest charities.
Announcing the birth of their daughter Max, the social media billionaire and his wife Priscilla Chan, said in an open letter to the child: “we want you to grow up in a world better than ours today.”
To do this, the couple have pledged to give away 99% of their Facebook shares in their lifetime, currently worth about $45bn, as part of their charity the Chan Zuckerberg Initiative.
The mission of charity, which will be administered by Zuckerberg himself, is to “advance[ing] human potential and promot[ing] equality”, and is already predicted to be worth a potential $3bn by 2018.
