Indeed: 99% of Mark Zuckerberg and Priscilla Chan’s shares at Facebook is equivalent to $45 billion United States dollars — making this one of the largest donations made to charity in human history.
To be issued over the course of Zuckerberg’s lifetime, this amount is per Facebook’s current valuation. The announcement comes with the arrival of the couple’s daughter Max; she essentially serves as the spearhead of the move.
While the exact details of the pledge aren’t outlined in its entirety, the essence of it is this: the Chan Zuckerberg Initiative. It will be a new non-profit organization tasked with two main concerns: advancing human potential and most importantly, promoting equality.
Fun fact? The Bill and Melinda Gates Foundation (of Microsoft fame, obviously) was founded in 2000 and has a current endowment of $44 billion — a splice away from Chan and Zuckerberg’s.