Zuckerberg to give away 99% of shares
 

BRB, I'm creating a charity called "Let's make the world a better place for Max"

maybe he means post shares ? Or maybe likes ?

99% or 100%...who cares, with billions dollars on his bank accounts, he has nothing to worry about.

Giving away £30,000,000,000,000 huh.

:2 cents:

Let me think the bad way.

Moving money from private bank account, private real estate, companies to private "charity" foundations (their own one, giving nothing to 3rd parties, is not like they give this to WWF or united nations) is a way to avoid succession tax i.e. the son inherits the foundation with no tax to pay unlike inherited private stuff. These foundations are made to pass money on to future generations (to your son when you're dead) without paying estate taxes. Zuckenberg is not even shy to openly link the birth of the son with the birth of inheritance trust to avoid taxes he sets up for him for the moment he will be dead.

Pledge Aside, Dead Billionaires Don't Have to Give Away Half Their Fortune - Bloomberg Business
The Giving Pledge Is Just A Glorified Tax Break: Critics
How the billionaire Walmart clan are using their charity to avoid paying estate taxes on an 150 billion dollar fortune and pass it on to future heirs | Daily Mail Online

but you are chasing some pennies :1orglaugh

gates says he's giving it all away too - yet still sitting on it

:thumbsup:rasta:throwup

At 18-25 years of age Max will begin pissing on their graves and will likely continue to do so until death... then any future generations of their family will get a turn lining up to soil the zuckrberg grave site.

You had 45Billion, that could have empowered your family for 1000 generations and instead you gave it away to who exactly?

They aren't giving shit away.

:Oh crap

Good for him. More hippie haters looking for debt forgiveness and new temp jobs.

I think it's great - Pretty sure I wont be seeing any of it though...

Maybe they will use some for carpal tunnel syndrome research :pimp

It looks like they are going to spend it on making the future better for kids - If they had met the vile little fuckers around here they wouldn't bother...

Its total bullshit, they're all excited about their new kid right now.

When it comes down to it, he'll change his mind like the fucker he is :1orglaugh

99%? When he die.

I think that's the point - He wants to give it away today...

Its the taught that counts :Graucho

How much is it?

So they just move it to a charity that they own as well, lol. Two words: Tax benefits.

he will use the money to make a fund, and he is going to do politics with it. I doubt it's charity, it's for power...

Wish he'd give me some. :(

Even giving away what he pledged, if it was 100% legit and not some tax avoidance like others have mentioned, it will still leave him with close to $500m! That is not counting previous assets he has or other investments he has made with his personal fortune to date.

Mark Zuckerberg will be a very wealthy man, his wife will be a very wealthy woman and his son will be out buying Lambos, Ferraris and banging hot bitches anytime he wants.

give 0.00001 to me ?

45B is not lambos and hot bitches money. 45B is do whatever you want money and that's a big leap. If he really leaves his child 500M instead of 45B he may as well install a urinal instead of a tombstone at his grave site ;)

you were correct:

No, Mark Zuckerberg is not donating 99% of Facebook shares to charity » TechWorm

I heard it was "just" 90%.