Mr. Zuckerberg and Dr. Chan have also given to health care
causes, including a $75 million gift to San Francisco General Hospital
The ultimate value of the Zuckerberg family’s charitable
pledge is unknown. Mr. Zuckerberg and Dr. Chan intend to gradually transfer
their Facebook stock or the proceeds from stock sales to the Chan Zuckerberg
Initiative.
If Facebook shares continue to appreciate, the value of the
gift could be much higher than the current estimate of $45 billion.
Michael R. Bloomberg, the former mayor of New York and a billionaire as well, also
applauded Mr. Zuckerberg’s announcement and said he shared the Facebook
executive’s interest in education and innovation.
“The only question now is: How many of his peers in Silicon Valley and beyond will join him?” Mr. Bloomberg
said.
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