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Facebook Founder to Donate Most of His Fortune

Posted: December 10th, 2010 by WorstPreviews.com Staff
Facebook Founder to Donate Most of His FortuneSubmit Comment
Back in August, it was reported that 40 US billionaires pledged to give at least half of their wealth to charity, either during their lifetimes or after death. The list includes Bill Gates, Michael Bloomberg and many other known businessmen. The only person in Hollywood to do this is George Lucas, who is said to be worth $3.5 billion.

Now comes word that 26-year-old Facebook founder Mark Zuckerberg is also joining the group, signing on to give away most of his fortune which is estimated to be around $6.9 billion. Earlier this year, he donated $100 million to the Newark public school system. A stunt that many believe had to do with "The Social Network" hurting his image.

Other new additions to the pledge are AOL co-founder Steve Case, Carl Icahn, and Michael Milken. Gates commented on Zuckerberg, stating he wants "to change the world," which is why he is "giving back in big ways."

Source: THR


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Displaying 19 comment(s) Profanity: Turn On
Ranger writes:
on December 10th, 2010 at 6:30:12 PM

Great for these folks to do this (the don't have to).

And please don't post asking why don't they give more. If they (or their Estate) keep half, these people can keep their money machine making more (to give).

Even the Hilton family... every generation that has passed on has left the majority of their wealth (liquid assets, not the money-making hotels) to charity.

Nice to see.
Ranger writes:
on December 10th, 2010 at 6:32:43 PM

the = they (f*ck!)
SpookyCupcakes writes:
on December 10th, 2010 at 6:32:46 PM

Yeah Ranger, it's great to see these folks doing it AFTER THEY'RE DEAD.

They're still greedy. If Mark really wanted to help, he'd donate that amount of money in his LIFETIME, not after he kicked the bucket.
Ranger writes:
on December 10th, 2010 at 6:45:00 PM

@Spooky --- no argument here. I'd prefer to see it while they're alive as well. As they're the brains behind their wealth, they'd still be around to manage it themselves to make even more $'s (as opposed to an ignorant Trust that just makes basic interest). Yep, the sooner the better I say.
Ranger writes:
on December 10th, 2010 at 6:46:12 PM

Think is... most listed have their worth in stock. They can't liquidate that much of it at once without tanking the value of their stock, effectively cutting the throats of their investors. Bit of a 'catch 22' there.
Big_Daddy writes:
on December 10th, 2010 at 7:30:36 PM

Giving is giving no matter the amount .
Kurskij writes:
on December 10th, 2010 at 7:38:14 PM

Spooky, business is business.

Ranger is right IF it actually happens.

BTW, "A stunt that many believe had to do with "The Social Network" hurting his image."

Social Network will make 200 mil WW. Outside the US about 5-7% of people who'll watch it one way or the other know OR care who Zuckerberg is or what he's done.

So even if it was a stunt it was relqatively cheap (for him) this way or the other.

masht7 writes:
on December 10th, 2010 at 7:53:18 PM

I say in the name of Gordon Geecko:

'Greed is Good'.
Ranger writes:
on December 10th, 2010 at 8:14:36 PM

@Big_Daddy - well said. Most people that poke fun at the wealthy do so in part because they give little or none to charities themselves.

You're right. It's not the amount. It would be great if everyone did.

Like Kursk says... whatever the reason for Zuckerberg's $100 million donation, stunt or not, whether he felt pressured or not, protecting his image or not. I know the recipients rarely care, they just benefit for the donation.

lol... 26 years old and worth TWICE what George Lucas is. Amazing! It would be nice writing out $100mil checks like it was lunch money.

Ranger writes:
on December 10th, 2010 at 8:16:07 PM

'Greed captures and clarifies the essence... and marks the upsurge of man...' - Gordon Gekko 1987.
Big_Daddy writes:
on December 10th, 2010 at 8:23:19 PM

To be honest his money is good and all but I would be more impressed if he volunteered a few days a week at a shelter I always find the ones who give the most give no money at all
Kurskij writes:
on December 10th, 2010 at 8:23:49 PM

@Masht7 and Ranger

Golden.

1bil. is something you can never spend (you CAN of course if you buy yachts for 400mil) as private person.

So everything this guys do for whatever reason - "recipients rarely care, they just benefit for the donation."


DaveThePhotoGuy writes:
on December 10th, 2010 at 11:11:11 PM

All good points guys, can't really add much to what is said, just agree with all really.

But...guess "The Social Network" was closer to the bone than we think..but saying that..if I was in his place and had the brains and oppurtunity to what he did..I would.
BadChadB33 writes:
on December 11th, 2010 at 12:25:06 AM

@Dave-agreed
trailertrash writes:
on December 11th, 2010 at 2:38:55 AM

I agree with all points on here , Good stuff fellas.

As Big Daddy said giving is giving and what ever the reasons for the donations people less off than these rich guys are going to benefit greatly, which is what it's all about...
trailertrash writes:
on December 11th, 2010 at 2:39:57 AM

But I did hear Mark always forgets his wallet when it's his round at the bar though ...
Clair_de_Lune writes:
on December 11th, 2010 at 4:47:22 AM

"A stunt that many believe had to do with "The Social Network" hurting his image."

That's like saying many believe the Titanic hit an iceberg.
Cinemaisdead writes:
on December 13th, 2010 at 6:26:17 AM

Most rich people in america donate overseas as the government taxes the sh*t out of donations in the US. sick f*cks take money back when people are trying to balance the equilibrium of the world
Man in Black writes:
on December 14th, 2010 at 3:01:41 AM

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