Meta Chief Executive Officer Mark Zuckerberg and his wife Dr Priscilla Chan have decided not to pass on the vast majority of their estimated $200 billion fortune to their three daughters, choosing instead to pledge 99 per cent of their Meta shares to philanthropic causes during their lifetime.
The couple first announced the commitment in December 2015 following the birth of their first daughter, Maxima, through an open letter titled "A Letter to Max". They launched the Chan Zuckerberg Initiative (CZI), an organisation dedicated to advancing human potential and promoting equality through investments in education, scientific research, healthcare, and social development.
In the letter, the couple explained their philosophy, writing that their moral responsibility extended to all children of the next generation. At the time of the announcement, the 99 per cent stake was valued at approximately $45 billion, a figure that has since grown substantially alongside Zuckerberg's rising net worth.
Priscilla Chan previously revealed in a 2021 interview with The Sunday Times that discussions regarding wealth redistribution began as early as 2005 when Facebook first showed commercial promise, emphasizing her lifelong dedication to public service.
With this pledge, Zuckerberg and Chan joined the ranks of prominent billionaires aligned with "The Giving Pledge"—an initiative founded by Bill Gates and Warren Buffett that encourages the world's wealthiest individuals to dedicate most of their assets to philanthropy rather than creating generational wealth.
Despite committing 99 per cent of their Meta holdings to charity, the decision does not leave their daughters entirely without financial security. The remaining one per cent of their fortune still amounts to an estimated $2 billion, ensuring significant family wealth alongside their primary goal of driving positive social change.