Mark Zuckerberg is gifting $12.8 billion to his own foundation in 2018
Must be nice to be a billionaire.
Just a day after he somewhat apologized for somewhat undermining democracy, Facebook CEO Mark Zuckerberg shared Friday he would be fueling his own philanthropic organization with about $12.8 billion over the next 18 months.
This announcement comes as part of Facebook withdrawing a plan to reclassify the company's stock just days before Zuckerberg was scheduled to testify on the matter in Delaware Chancery Court.
Zuckerberg had wanted to create a new pool of non-voting shares that would allow him to retain control of the company while also sticking to his plan to give away 99 percent of his and his wife's Facebook shares over their lifetimes. Read more...
More about Facebook, Philanthropy, Chan Zuckerberg Initiative, Business, and Activism
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Mark Zuckerberg is gifting $12.8 billion to his own foundation in 2018
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Saturday, September 23, 2017
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