Facebook co-founder Mark Zuckerberg on Tuesday announced he is a dad -- and pledged to give away his fortune to make the world a "better place" for baby daughter Max and others.
Zuckerberg and wife Priscilla Chan said they were going to give away 99 percent of their company shares -- estimated current value $45 billion -- during their lives in an effort to make a happy and healthy world.
"Max, we love you and feel a great responsibility to leave the world a better place for you and all children. We wish you a life filled with the same love, hope and joy you give us. We can't wait to see what you bring to this world," the letter said.
Zuckerberg will "gift or otherwise direct" nearly all his shares of Facebook stock, or the after-tax proceeds of sales of shares, to further a mission of "advancing human potential and promoting equality" by means of activities for the public good, the California-based social network said in a filing with the US Securities and Exchange Commission.
Zuckerberg "intends to retain his majority voting position in our stock for the foreseeable future," Facebook said in the SEC filing.
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