Wednesday, 2 December 2015

Congrats!!Facebook founder Mark Zuckerberg and his wife welcomes their first child

Facebook founder Mark Zuckerberg and his wife Priscilla Chan have welcomed their first child - a baby girl called Max - into the world, and used her arrival to announce plans to give away most of their $45 billion fortune.

The Silicon Valley billionaire and his doctor wife shared the news of the baby's birth in a Facebook post entitled, 'A letter to our daughter'. 

Included in the lengthy post was the couple's pledge to donate the vast majority of their fortune to future generations. They will donate 99% of their Facebook shares - currently valued at $45 billion - to the work of a new charitable foundation, the letter claims. 

That would leave them with $450 million for themselves and their new child - based on Facebook's current valuation, plus any other private wealth held by the couple. 

The letter was accompanied with a picture of the proud new parents tenderly holding their newborn wrapped in a Aden And Anais swaddle cloth covered in cartoon caterpillars. The designer blankets are sold in $50 four-packs.   

Dear Max,' the 2234 word post reads. '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. You've already given us a reason to reflect on the world we hope you live in.' 

The post did not reveal when little Max was born or her full name.  

The couple announced Priscilla's pregnancy on Facebook earlier this year - acknowledging their long struggle with fertility issues and revealing they had suffered several miscarriages before conceiving their healthy little girl.

They used the open letter as an opportunity to describe 'the world we hope she grows up in'. 

We believe all lives have equal value, and that includes the many more people who will live in future generations than live today. Our society has an obligation to invest now to improve the lives of all those coming into this world, not just those already here.' 

Later in the letter, the couple outline how they intend to make such a difference. 

'As you begin the next generation of the Chan Zuckerberg family, we also begin the Chan Zuckerberg Initiative to join people across the world to advance human potential and promote equality for all children in the next generation. Our initial areas of focus will be personalized learning, curing disease, connecting people and building strong communities.

'We will give 99% of our Facebook shares -- currently about $45 billion -- during our lives to advance this mission,' the letter says.


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