Facebook co-founder Mark Zuckerberg has become the latest billionaire to say he'll give away most of his vast fortune. Zuckerberg has signed the "Giving Pledge," agreeing to give at least half of his money to charity either in his lifetime or after his death.
The 26-year-old Zuckerberg said in a statement:
“People wait until late in their career to give back. But why wait when there is so much to be done? With a generation of younger folks who have thrived on the success of their companies, there is a big opportunity for many of us to give back earlier in our lifetime and see the impact of our philanthropic efforts."
Zuckerberg joins 57 other multi-billionaires including Warren Buffett and Bill Gates in promising to donate much of their wealth to charity.
However, this isn't Zuckerberg's first foray into philanthropy. He famously donated $100 million to the Newark public school system a few months ago, appearing on Oprah Winfrey's show to talk about it. The rare interview came at the same time of the release of the film "The Social Network," which did not show Zuckerberg in a particularly positive light. (Cynics wondered if the donation was done as a public relations move.)
Forbes estimates Zuckerberg is worth $6.9 billion, making him the 35th wealthiest American.