SAN FRANCISCO (Reuters) - Mark Zuckerberg will put 99 percent of his Facebook Inc(O:FB) shares, currently worth about $45 billion, into a new philanthropy project focusing on human potential and equality, he and his wife said Tuesday in a letter to their newborn daughter.
The plan, which was posted on the Facebook founder and chief executive officer's page and has attracted more than 360,000 'likes', follows other high-profile billionaires such as Warren Buffett and Bill and Melinda Gates, who have set up foundations to dedicate their massive fortunes to philanthropic endeavors.
Zuckerberg, 31, who will control the new initiative and remain in charge of the world's largest online social network, said he would sell or give up to $1 billion in shares in each of the next three years.