The New Stuff

Sharing is Caring: Mark Zuckerberg to Give Half of His Wealth to Charity


Facebook co-founder and CEO Mark Zuckerberg has pledged to donate half of his estimated $6 billion worth to charity, along with a few other prominent, American billionaires. Zuckerberg who notoriously is not even remotely financially motivated, discloses of the amazingly selfless act, just a short time after awarding $100 million to the Newark, N.J. public school system. Not quite what you expected after seeing "The Social Network," huh?

Rumor has it the aforementioned negative rep the Harvard attendee received after being portrayed in a pompous, overly arrogant light, via the feature film, is part of what is motivating him to act in such a gracious manner. While I myself choose to believe that has no play in either of these instances, of course that is just mere speculation.

The movement behind the enormous wave of charitable contributions is a promissory group entitled Giving Pledge, founded by Warren Buffett and Bill Gates, calling on billionaires to set aside a formidable piece of their wealth as opposed to leaving it tied into family fortunes. Along with Zuckerberg, have been AOL co-founder Steve Case and junk bond maven Michael Milken, who are also reportedly shelling out a pretty piece of change in the name of the cause.

In lieu of his two recent donations, Zuckerberg had this to say: "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."

Quite refreshing to witness a bought of optimism receiving due shine amidst a day and age where the negative seems to overtake headlines and news tables. Who's next?

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