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The “Chan Zuckerberg Initiative” to bring Worth a Million Smile

As the news of philanthropist and Facebook co-founder Mark Zuckerberg and Pricilla Chan being proud parents has come out, it has followed another great news. Yes… Mark has decided to donate 99 per cent of his Facebook share as they welcome their daughter Max and have set up a “Chan Zuckerberg initiative.”

Why giving so much at one go?

Mark Zuckerberg is going to give 99 percent of his shares with his wife Pricilla chain. This very marvelous piece is also known as the “Chan Zuckerberg initiative.” This is a plan that has been initiated in the honor of having a cute baby in his life.

Mark Zuckerberg2Image Source: http://s3.thingpic.com/

How much amount is being donated?

The amount that is being donated will be given in installments, i.e. $45 bn according to the current Facebook value. He wants to become a significant inspiration globally. He is very happy that some more light has come to his life through his baby.

What more information is there about it?

Mark Zuckerberg has taken this initiative because he thinks this amount should be donated for a cause and in virtue of his baby. He has a very broad perspective. Down below you will get some of the names who have donated their money but for some different cause.

Mark ZuckerbergImage Source: http://fm.cnbc.com/

Here are some of the names who have taken the initiative of donation

  • Bill and Melinda gates gave $29 bn of their property.
  • Warren Buffet gave $17 bn of his deposits.
  • George Soros gave $11 bn.
  • The biggest of all is “Andrew Carnegie,” he has done a brilliant job by giving all his property and not leaving even a single bit. He has given $100 bn which is a very huge amount among all.

These people have set a benchmark. Reports also say that Mark Zuckerberg is going to give $1 bn per year till 3 years. Great planning and accomplishment of revenue giving.

Shruti Nath

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