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Zuckerberg is a dad, and he’s giving away $45 billion

/ 07:19 AM December 02, 2015
In this photo taken Friday, Nov. 13, 2015, chief of staff Dr. Jim Marks looks over the new lobby of Zuckerberg San Francisco General Hospital in San Francisco. Local officials will gather in San Francisco this weekend to dedicate a new public hospital building, furnished and equipped in part by a $75 million gift from Mark Zuckerberg, the Facebook CEO, and his wife, Priscilla Chan, a pediatrician who gained her medical training at the old San Francisco General Hospital. (AP Photo/Eric Risberg)

In this photo taken Nov. 13, 2015, chief of staff Dr. Jim Marks looks over the new lobby of Zuckerberg San Francisco General Hospital in San Francisco. Local officials will gather in San Francisco this weekend to dedicate a new public hospital building, furnished and equipped in part by a $75 million gift from Mark Zuckerberg (inset), the Facebook CEO, and his wife, Priscilla Chan, a pediatrician who gained her medical training at the old San Francisco General Hospital. AP

SAN FRANCISCO, United States — Facebook CEO Mark Zuckerberg and his wife announced the birth of their daughter Max as well as plans to donate most of their wealth, or roughly $45 billion, to a new organization that will tackle a broad range of the world’s ills.

Zuckerberg’s wife, Priscilla Chan, gave birth last week to a baby girl. The couple didn’t put out the news until Zuckerberg posted it Tuesday on — of course — Facebook.

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In the same post, Zuckerberg said he and Chan will commit 99 percent of their Facebook stock to such causes as fighting disease, improving education, harnessing clean energy, reducing poverty and promoting equal rights. They are forming a new organization, called the Chan Zuckerberg Initiative, to pursue those goals.

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TOPICS: Chan Zuckerberg Initiative, Facebook, Information Technology, Mark Zuckerberg, News, philanthropy, Priscilla Chan, Social Media
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