NEW YORK DAILY NEWS
Tuesday, December 1, 2015, 4:43 PM
Mark Zuckerberg announced his daughter, Max Zuckerberg’s birth on Facebook on Tuesday.
Facebook’s founder Mark Zuckerberg announced the birth of his child — and his intention to give away almost all of his fortune.
In a heartfelt letter to his newborn daughter Max Zuckerberg, the billionaire Facebook founder proudly proclaimed birth of his child on Tuesday afternoon.
“Your mother and I don’t yet have the words to describe the hope you give us for the future. Your new life is full of promise, and we hope you will be happy and healthy so you can explore it fully,” he wrote.
In the letter, he warned of world issues like disease, inequality and education that his newborn child will have to face, and a promise to help end them.
Mark Zuckerberg announced that he and his wife Priscilla Chan would be donating 99% of their Facebook shares — valued at $ 45 billion — to improve her daughter’s generation. He said their hopes would be focused on “advancing human potential and promoting equality.”
“Max, we love you and feel a great responsibility to leave the world a better place for you and all children,” he wrote in the letter.
The billionaire urged making long-term investments in technology, health, education and communities. He said he would be starting with the San Francisco Bay Area to reach his goals. The initial focus will be on “personalized learning, curing disease, connecting people and building strong communities.”
The couple announced they were expecting a child in July, with deeply personal details about a rough road to parenthood.
While he’s giving away a majority of his stock, he said he would continue serving as Facebook’s CEO while getting a headstart on solving these world issues through the Chan Zuckerberg Initiative.
You can read the letter in its entirety here.
Mark Zuckerberg will be donating at most $ 1 billion of his Facebook stocks a year for the next three years, and intends to retain his majority voting position in the future, according to a document filed by Facebook to the Securities and Exchange Commission.
It had been a rough road to fatherhood for Zuckerberg, as the couple had been trying to have a child for several years but had three miscarriages. Chan and Zuckerberg announced she was pregnant with baby Max in July in another Facebook post.
The couple married in an intimate ceremony at Zuckerberg’s Palo Alto home on May 19, 2012. They met waiting for the bathroom at a Harvard fraternity party over 10 years ago.