Mark Zuckerberg Pledges to be Philanthropist
Posted by pratyushkp
Mark Zuckerberg, along with 16 tycoons, agrees to give away fortunes commiting to philanthropy. He has has signed onto the “Giving Pledge,” which claims its signatories to commit publicly to give away the majority of their wealth.
This 26-year-old billionaire, is the founder of social network Facebook Inc. is one of 16 billionaires to pledge. The figure now totals more than 50 donors who become a part of a broader group of rich entrepreneurs committing to philanthropy earlier in their lives.
Existing pledges made by affluent individuals and families including Oracle Corp. founder Larry Ellison, film director George Lucas and New York Mayor Michael Bloomberg. While, new names to join the list include AOL co-founder Steve Case, investor Carl Icahn and former junk-bond king Michael Milken.
The Giving Pledge is an effort organized by software mogul Bill Gates and investor Warren Buffett to persuade the world’s rich to boost their giving.
Mr. Milken, 64, says of the pledge, “I view this as a call to others who might in their thirties or forties use some of their creativity to get involved in philanthropy earlier in life.“