• Mark Zuckberg to donate 99% of it's money to charity
    55 replies, posted
[Quote] Facebook Inc. Chief Executive Officer Mark Zuckerberg, whose wife just gave birth to a baby girl the couple have named Max, announced plans to give away 99 percent of his stock in the social network during his lifetime to advance philanthropic causes. [/Quote] Source: [url]http://www.bloomberg.com/news/articles/2015-12-01/zuckerberg-to-give-99-of-facebook-stock-away-during-lifetime[/url] [url]http://www.ft.com/fastft/434081/zuckerberg-give-away-99-of-shares-daughter-born[/url][DEL][/DEL] Ammount: $45 billion [IMG_Thumb]http://clamo.ftdata.co.uk/files/2015-12/01/zuckerberg.jpg[/IMG_Thumb]
Very respectable of him.
FYI 'Mark Zuckberg' is the name of the robot that replaced the original Mark Zuckerberg in 2013
[QUOTE=smurfy;49223369]FYI 'Mark Zuckberg' is the name of the robot that replaced the original Mark Zuckerberg in 2013[/QUOTE] That explains the use of 'it' in the headline! Oh my God, it all makes sense now!
[QUOTE=Sir Whoopsalot;49223388]That explains the use of 'it' in the headline! Oh my God, it all makes sense now![/QUOTE] I'm afraid i can't like that, Mark.
[QUOTE] announced plans to give away 99 percent of his stock in the social network during his lifetime to advance philanthropic causes.[/QUOTE] Holy shit.
What a great guy. I'd feel disgusted to be ridiculously wealthy and yet live in a world where mostly everyone else is miserably poor.
And he'll still have a few hundred million dollars to retire comfortably on afterwards.
Well, tbh he is very down to earth. Just look at his daily drivers [IMG]http://cdn.celebritycarsblog.com/wp-content/uploads/mark-zuckerberg-honda-fit-600x373.jpg[/IMG] [IMG]https://i.ytimg.com/vi/iTZXOK7MGsU/hqdefault.jpg[/IMG] I'm predicting a 2016 Range Rover to be purchased because of his child though. That's like the perfect choice for a rich family.
[QUOTE=RenegadeCop;49223450]"philanthropic causes"[/QUOTE] nice secret meaning you've got there he's ditching the vast majority of his fortune that he could have spent on grande projects of his own ambitions, and you're complaining so vaguely could you elaborate?
Yeah it's really nice of him. I think he just won the internet. Also I really messed up the title and name. Can mod fix it, please?
That's so amazing
[QUOTE=RenegadeCop;49223548]philanthropic causes is very vague, I was expecting more detail, like specific organizations[/QUOTE] it may be something more tangible, such as how bill gates manages lots of his own philanthropy, directly funding clean water initiatives and machinery for developing countries
[QUOTE=RenegadeCop;49223548]philanthropic causes is very vague, I was expecting more detail, like specific organizations[/QUOTE] It says over the course of his life, so he's probably not just writing a few billion dollar checks, he's gonna pace himself.
very bad title.... he's donating 99% of his stock, to charity, whats crazy is he still plans to retain majority shareholder in facebook. sort of like bill gates though, this will probably be compounded by the increase in stock price as he starts selling it off over the next few years
What i understood is: He calculated what is 99% of his shares right now and he intends to donate that much through the course of his life.
It's amazing just how much it will have left over even after 99% donations though. Still cool of it to give it's money to philanthropic causes, even any at all is respectable.
[QUOTE=Fourier;49223357]Source: [url]http://www.bloomberg.com/news/articles/2015-12-01/zuckerberg-to-give-99-of-facebook-stock-away-during-lifetime[/url] [url]http://www.ft.com/fastft/434081/zuckerberg-give-away-99-of-shares-daughter-born[/url][DEL][/DEL] Ammount: $45 billion [IMG_Thumb]http://clamo.ftdata.co.uk/files/2015-12/01/zuckerberg.jpg[/IMG_Thumb][/QUOTE] I can't hate him now, he's bought my respect and became a good guy. Somethings wrong here.
[QUOTE=Wikipedia]He has been married to Priscilla Chan since 2012 and they have one children.[/QUOTE]
[QUOTE=ElderRanger;49223797]I can't hate him now, he's bought my respect and became a good guy. Somethings wrong here.[/QUOTE] it still wont make up for the whole surveillance shenanigans, but this is a great move that i hope more rich people follow
[QUOTE=0x0000000C;49223420]Well, tbh he is very down to earth. Just look at his daily drivers [IMG]http://cdn.celebritycarsblog.com/wp-content/uploads/mark-zuckerberg-honda-fit-600x373.jpg[/IMG] [IMG]https://i.ytimg.com/vi/iTZXOK7MGsU/hqdefault.jpg[/IMG] I'm predicting a 2016 Range Rover to be purchased because of his child though. That's like the perfect choice for a rich family.[/QUOTE] Honda Jazz's are fucking great, we use them for work and the power of these small bastards are pretty good
[QUOTE=ilikecorn;49223792]I imagine this is also for tax purposes too. Don't get me wrong, it's great that it'll be going to "good causes", but he'll probably save a pretty penny on taxes too for doing it.[/QUOTE] yeah but he's better off keeping the money while getting taxed than giving 99% away
He's part of the new [url=http://www.breakthroughenergycoalition.com/en/who.html]Breakthrough Energy Coalition.[/url] Along with Bill Gates, Jeff Bezos, Richard Branson, and more.
[QUOTE=RenegadeCop;49223548]philanthropic causes is very vague, I was expecting more detail, like specific organizations[/QUOTE] Specific organizations over the course of his lifetime?
[QUOTE=MatheusMCardoso;49223775]What i understood is: He calculated what is 99% of his shares right now and he pretends donating that much through the course of his life.[/QUOTE] Pretends?
[QUOTE=fruxodaily;49223931]Honda Jazz's are fucking great, we use them for work and the power of these small bastards are pretty good[/QUOTE] theyre awful...
[QUOTE=ilikecorn;49223792]I imagine this is also for tax purposes too. Don't get me wrong, it's great that it'll be going to "good causes", but he'll probably save a pretty penny on taxes too for doing it.[/QUOTE] This doesn't make any sense.
You know I always thought If I had those monies... I wouldn't give it away. You know, having lived in Argentina for so long just made so weary of giving money away to "charities" and thinking they would work. I'd rather start my own charity -after all, with all the money he's got, he can't say it's a problem- in my area of expertise -In his case, information and programming- and teach children or give direct support to schools in developing countries. That would have the biggest impact x dollar spent. Guess I'll have to wait a couple of decades until I can make that. EDIT: Wow, talk about repetition. I used you know twice....you know.
That is a lot of money
[QUOTE=RenegadeCop;49223548]philanthropic causes is very vague, I was expecting more detail, like specific organizations[/QUOTE] he's not going to die any time soon, what's the rush?
Sorry, you need to Log In to post a reply to this thread.