Connect with us

Latest News

Facebook’s Mark Zuckerberg to give away 99% of shares

Published

on

(Last Updated On: October 25, 2022)

_86985767_zuckerberg3

Facebook’s Mark Zuckerberg and his wife Priscilla Chan say they will give away 99% of their shares in the company to good causes as they announce the birth of their daughter Max.

Mr Zuckerberg made the announcement in a letter to Max on his Facebook page.

He said they are donating their fortune to the Chan Zuckerberg Initiative because they want to make the world a better place for Max to grow up in.

The donation amounts to $45bn (£30bn) at Facebook’s current value.

However the shares will not be donated to charity immediately, but over the course of the couple’s lives.

Max was born last week, although her birth was only made public public on Tuesday.

In his letter Mr Zuckerberg said the aim of the Chan Zuckerberg Initiative is “to advance human potential and promote equality for all children in the next generation”.

Its initial areas of focus will be personalised learning, curing disease, connecting people and building strong communities.

“Your mother and I don’t yet have the words to describe the hope you give us for the future,” Mr Zuckerberg said at the start of his letter to Max.

“You’ve already given us a reason to reflect on the world we hope you live in,” it added.

The letter highlighted the important role of technology in achieving the couple’s goals of advancing human potential and equality.

“Many of the greatest opportunities for your generation will come from giving everyone access to the internet,” Mr Zuckerberg wrote to his daughter.

He said more details about the donation will be released once he and Ms Chan return from paternity and maternity leave.

Mr Zuckerberg, who Forbes estimate is worth some $46.8bn, said he will remain chief executive of Facebook for “many, many years to come”.

In a filing to the US Securities and Exchange Commision, Facebook said that Mr Zuckerberg “plans to sell or gift no more than $1bn of Facebook stock each year for the next three years and that he intends to retain his majority voting position…for the foreseeable future.”

Written by: BBC

Advertisement

Latest News

Investing in Afghanistan mines can be profitable for Iranian industry: Qiafeh

Published

on

(Last Updated On: May 12, 2024)

Qadir Qiafeh, the vice-chairman of the Iranian Chamber of Commerce, has said that several large mining companies have formed a consortium with the aim of entering Afghanistan’s mining sector.

“And an Iranian steel corporation is also making serious decisions to enter Afghanistan’s mining market,” Qiafeh said in an interview with ILNA.

“In the past several years, there have been negotiations between Iran and Afghanistan focusing on mines, and it was about 10 to 12 years ago that two Iranian companies entered Afghanistan’s mines,” he added.

“Investing in Afghanistan can be profitable for the Iranian industry sector, deepen the relations between the two countries and lead to long-term cooperation,” he said.

Continue Reading

Latest News

Ex-MP Allah Gul Mujahid arrested in connection with a murder

Published

on

(Last Updated On: May 12, 2024)

Kabul police has announced that Allah Gul Mujahid, a member of parliament in the previous government, has been arrested in connection with a murder.

Khalid Zadran, the spokesman of Kabul police, said on X that Mujahid is a suspect in the murder of an individual named Saeedullah who was killed almost three months ago.

He added that the investigation of the case requires that Mujahid’s freedom be limited and it was decided that he remain detained until the court’s verdict.

Continue Reading

Latest News

Several countries express solidarity with Afghanistan after flash floods kill hundreds

Published

on

(Last Updated On: May 12, 2024)

Pakistan, Iran, Qatar and the United Arab Emirates have expressed with Afghanistan after flash floods killed more than 300 people and destroyed hundreds of homes in northern Baghlan province.

“The Government and the people of Pakistan express their heartfelt condolences on the tragic loss of life and widespread damage to property caused by heavy rains and flash floods in several provinces of Afghanistan,” Pakistan’s foreign ministry said in a statement. “Pakistan stands in solidarity with the people of Afghanistan during this difficult time.”

Qatar’s foreign ministry said: “The State of Qatar expresses its full solidarity with Afghanistan in face of the destruction caused by massive floods hitting the Baghlan province north of the country, which resulted in deaths and injuries.”

“The Ministry of Foreign Affairs stresses the State of Qatar’s firm support to Afghanistan and its brotherly people, and voiced its complete readiness to cooperate with the relevant authorities in Afghanistan to provide all means to help overcome crises,” it added.

UAE’s Foreign Ministry also expressed “its sincere condolences and sympathy with the friendly people of Afghanistan, and to the families of the victims, as well as its wishes for a speedy recovery for all the injured.”

UN Secretary-General Antonio Guterres expresses his solidarity with the people of Afghanistan.

“The United Nations and its partners in Afghanistan are coordinating with the de facto authorities to swiftly assess needs and provide emergency assistance,” he said.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!