Zuckerberg pledge sets new standard for philanthropy

The Facebook founder has promised to donate 99% of his stock in the social networking company

Facebook founder Mark Zuckerberg and his wife Priscilla Chan prior to the birth of their daughter Pic: Bloomberg

Mark Zuckerberg and his wife pledged to give away virtually all of their $46 billion in Facebook shares, setting a new philanthropic benchmark by committing their massive fortune to charitable causes while still in their early 30s.

Facebook’s chief executive officer and his wife, Priscilla Chan, unveiled the plan in an open letter to their newborn daughter, Max (short for Maxima), in a Facebook post on Tuesday, promising to donate 99 per cent ...