Mark Zuckerberg Pledges to Donate Most Of His Wealth To Charity

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If you have anything to do with computer or Internet, it’s virtually impossible for you to show un-awareness about the word “Mark Zuckerberg”. The name has been a kind of synonym of Internet and for most of the people it is a name of their beloved ideal. However, for those who still don’t know, Mark Zuckerberg is Co-founder & CEO of Social Network’s Titan Facebook. And taking Facebook to the new heights of success, Mark has setup another example of his kindness and humanity.

Mark has pledged to donate most of his wealth to Bill Gates & Warren Buffet’s initiative called the “Giving Pledge”. With this initiative, Mark has joined the row of other tycoons including Steve Case – AOL’s co-founder and Larry Ellison – Oracle’s founder. The “Giving Pledge” is effort organized by software mogul Bill Gates and investor Warren Buffett to persuade the world’s rich to boost their giving. However, it’s a completely different ball game than any other charitable trust. People associated with this, have committed to donate most of his wealth to charity, either during his lifetime or after his death.

Standing in his 26th year, Mark has promised to give more than half of his wealth, which stands worth $6.9 billion according to Forbes, to charity via “Giving Pledge”. Such effort is not the first one by Mark. Before this, he donated an undisclosed amount to another social networking project Diaspora, which is considered as Facebook’s alternative, as well as $100 million to Newark Public School.

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“People wait until late in their career to give back. But why wait when there is so much to be done? With a generation of younger folks who have thrived on the success of their companies, there is a big opportunity for many of us to give back earlier in our lifetime and see the impact of our philanthropic efforts,” said Facebook co-founder and CEO Mark Zuckerberg in a statement.

Recently Facebook was valued worth $41 Billion and Mark has become 35th most wealthy Americans due to his personal assets. Though, he lost the title of youngest Billionaire to Facebook’s Co-founder Dustin Moskovitz, his personal assets are six time higher than Dustin. Recently Dustin has been valued worth $1.4 Billion and he is eight days younger than Mark which made him to displace Mark Zuckerberg from his magnificent title.

Credentials: WSJ

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