« Morgan Stanley Execs Told to Expect Bonus Cuts in 2011 | Main | Electronic Payments on the Rise »

Facebook Founder Zuckerberg to Donate Most of Wealth to Charity

Photo Courtesy - Nicholas Kamm/AFP/Getty Images(SEATTLE) -- Facebook founder Mark Zuckerberg, who became a billionaire with his popular social networking website, is the latest entrepreneur to add his name to “Giving Pledge,” a charity started by fellow business moguls Bill Gates and Warren Buffet.

“Giving Pledge” encourages the rich to donate most of their wealth to charitable causes.  More than 50 people so far have agreed to do just that, with Zuckerberg among the latest promising to shed a majority of his fortune, estimated currently at $6.9 billion.

The 26-year-old, undoubtedly the youngest of the donors, is one of 16 billionaires that have just signed on, along with AOL co-founder Steve Case and investor Carl Icahn.

Copyright 2010 ABC News Radio

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

ABC News Radio