Facebook CEO Mark Zuckerberg has sold worth $95 million of stocks for charity causes, according to a regulatory filing.
In December 2015, Mark Zuckerberg, and his wife, Priscilla Chan announced their plans to invest 99 per cent of their Facebook shares to social causes. Zuckerberg gave away some of his Facebook shares to the Chan Zuckerberg Initiative, a for-profit corporation which intends to “advance human potential and promote equally for all children in the next generation.”
This time, Chan Zuckerberg Initiative made nearly $95 million by selling 767,905 shares, according to Security and Exchange Commission filling on August 19, 2016. Also, the couple has planned to sell or give away not more than $1 billion worth of stock each year for the next three years.
At present, Mark Zuckerberg has a fortune worth nearly $53.3 billion.
