Facebook Founder Mark Zuckerberg Signs Up For Giving Pledge

Facebook Founder Mark Zuckerberg Signs Up For Giving Pledge

Facebook Founder Mark Zuckerberg Signs Up For Giving Pledge - Mark Zuckerberg Signs The Giving PledgeMark Zuckerberg, the co founder of the world’s largest social networking site Facebook also ranks amongst the world’s youngest billionaires. Zuckerberg is 26 and has joined the Giving Pledge, an effort started by billionaires Warren Buffet and Bill Gates which asks other wealthy people to make a pledge to donate half of their total wealth during their lifetime or after their death.

Mark Zuckerberg said about his joining the Giving Pledge that usually it is seen that people wait until they reach a later point in hteir careers to give back to society or contribute to philanthropic efforts. But he did not see the point of waiting for sol long as he believes that there is still a lot to be done to improve people’s lives around the world. Forbes magazine recently estimated Zuckerberg’s wealth and put his net worth at a whopping $6.9 billion and was ranked 35th in the Forbes magazine Richest people in the US list.

The Giving Pledge was launched earlier this year and by August almost 40 wealthiest people/ families in America had been reported to have made the pledge to donate half of their wealth to support philanthropic efforts. Other people who joined the Giving Pledge along with Zuckerberg include Carl C. Icahnn, Former AOL chief Stephen Case, David and Barbara Green and George P. Mitchell. There are a total of 17 new people who have joined the initiative started by Buffet and Gates. Previous members of the Giving Pledge include fashion designer Diane Von Furstenberg, Michael R. Bloomberg who was former Mayor of New York City and David M. Rubenstein to name a few.

Usually charitable contributions are preferred to be kept anonymous by the wealthy who contribute to causes financially. But the Giving Pledge does the opposite by encouraging people to come out openly and declare their donations. This is based on the research done by Princeton scholars which shows that knowing about the donations that other people have made makes people want to pitch in and also make them more likely to make a contribution to charitable or philanthropic efforts.

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