Mark Zuckerberg and his wife Priscilla Chan took to Facebook to announce the birth of their first child, a daughter named Max. They also announced plans to give away 99% of Facebook shares. The fortune is being donated to the Chan Zuckerberg Initiative and amounts to $45 billion.
The couple said they had made the decision because they want Max to grow up in a better world. The aim of the Chan Zuckerberg Initiative is to “advance human potential and promote equality for all children in the next generation.” Both Chan and Zuckerberg are also taking parental leave to spend time with Max.