Mark Zuckerberg donates $ 500 million to charity

By -

The creator of Facebook, Mark Zuckerberg, and his wife Priscilla have donated 18 million shares of the social network -the equivalent of 500 million dollars to the Silicon Valley Community Foundation, a foundation that supports local projects.

As explained Zuckeberg himself in a post on his Facebook account, this generous gesture is part of the initiative ‘The Giving Pledge’ (‘The Giving Pledge’) , under which compormetán to donate part of their gananacias to charity .

This was launched by Bill Gates and investor Warren Buffett in 2010 and encourages American billionaires to give away at least half their wealth during their lifetime or after death.

Two years ago, Zuckerberg already donated 100 million dollars for an education project in schools in Newark , New York. At 28, Zuckerberg is by far the largest shareholder of the company, with about 500 million shares. In the IPO in May sold a small part just to pay taxes.

Facebook shares currently worth about $ 28 , which remain well below the $ 38-to-market in May, but came to be less than $ 20, which has recovered its course. Nevertheless, given the total package amounts to 498.8 million dollars, a huge number for the Foundation Silicon Valley.

It was awarded $ 470 million and manages a total of 2,000 million. Zuckerberg announced they will work together on education and health projects.

He have started blogging on Technology and computer at his college time in 2005 and worked with many reputed organization in India. He wrote many guest post for Technology magazine and newspapers worldwide. His writing and passion about Technology make him different from other writers in the global market. He love to write the review and thoughts on any new Technology and invention in current happenings.

Comments are closed.