Instead of cigars, Facebook cofounder and CEO Mark Zuckerberg is celebrating the birth of his new daughter by pledging to give away 99% of his Facebook (FB, Tech30) shares.
Money from the shares, currently valued at $45 billion, will go to projects and charities that advance human potential and promote equality.
Zuckerberg and his wife Dr. Priscilla Chan announced their plan on Tuesday in an open letter to their new daughter, Maxima Chan Zuckerberg. The donations will take place over their lifetime, and the exact worth of the shares will likely change.
