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

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Facebook founder Mark Zuckerberg and his wife Priscilla Chan have announced to donated 99 percent of their shares in the company to good cause.

Announcing the birth of their daughter Max, Zuckerberg 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.

FB boss said the donation currently amounts to $45bn (£30bn).

Max was born last week, but the couple only made the news of her birth public on Tuesday.