Facebook’s Mark Zuckerberg and his wife Priscilla Chan says they will give away 99% of their shares in the company to good causes as they announce the birth of their daughter Max.
Mr Zuckerberg made the statement on his Facebook page.
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He said they are donating their fortune to the Chan Zuckerberg Initiative because they want to make the world a better place for Max to grow up in.
Mr Zuckerberg said the donation currently amounts to $45bn (£30bn).
He said the aim of the Chan Zuckerberg Initiative is “to advance human potential and promote equality for all children in the next generation”.
Its initial areas of focus will be personalised learning, curing disease, connecting people and building strong communities.
