It’s Billionaire Baby Season: Mark Zuckerberg Is Welcoming His Third Child
and posted it on Facebook. In the letter, they announced the creation of the Chan Zuckerberg Initiative, which uses philanthropy and technology in an aim to eradicate disease and improve education. The new parents pledged to dedicate 99% of their Facebook shares, or about $45 billion at that time, to the initiative. The shares are worth considerably less now, given the 60% decline of Facebook’s stock value this year.
when their daughter August was born. Unlike the first letter to Max, which was very long and serious, Zuckerberg and Chan’s letter to August seemed more lighthearted and personal.“Even though headlines often focus on what’s wrong, we still believe these positive trends will win out. We’re optimists about your generation and the future,” they wrote to her.
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