Mark Zuckerberg, the co-founder of Facebook, may be the world’s youngest billionaire. But he’s already pledging to give away most of his wealth, reports DealBook. He and 16 other households have joined the Giving Pledge, a campaign by Bill Gates and Warren E. Buffett to commit wealthy individuals to giving away at least half of their holdings during their lifetimes or after their deaths.
“People wait until late in their career to give back,” Mr. Zuckerberg, 26, said in a statement. “But why wait when there is so much to be done?”
(If the recent valuations of Facebook are to be believed, he’ll have a lot to give away. Forbes recently estimated his net worth on paper at $6.9 billion.) Among the other new signatories to the pledge are the billionaire investor Carl C. Icahn, the former Drexel Burnham Lambert bond maven Michael R. Milken and the former AOL chief executive Stephen Case. A few other financiers have joined the cause as well, including Theodore J. Forstmann, Leon G. Cooperman and Nicolas Berggruen……Read More