Zuckerberg's 450 billion U.S. dollars in assets?

Zuckerberg's 450 billion U.S. dollars in assets?

Facebook CEO Mark Zuckerberg announced on Tuesday that he donated 99% of his wealth to “inspire human potential and promote social equality”. This asset is worth up to 45 billion U.S. dollars. The exact meaning of Zuckerberg's position is not yet clear, but his previous charitable donations are focused on education, medical care, and immigration. Some projects also coincide with the interests of Facebook, making the boundaries between individuals and companies more modest.

education field

Zuckerberg established Startup:Education in 2010. This is a non-profit project that aims to "introduce entrepreneurship and build a better education system for all students." Zuckerberg's largest and most controversial donation One of the projects was the $100 million donated by the organization to Newark Public Schools in 2010.

Critics believe that Zuckerberg failed to integrate into the local community and spent too much money on consultants. Zuckerberg said Newark’s graduation rate has risen, but he has also received some criticism. In an interview with Bloomberg recently, he described Newark as "the first edition of our educational work."

Last year, he also announced with his wife Priscilla Chan that this non-profit organization will distribute $120 million in gifts to schools in the San Francisco Bay Area. This all stems from the experience gained from Newark.

The federal document for Startup:Education also showed that the organization had donated $5 million to the non-profit organization Pahara Institute to provide scholarships for those who “reformed public education”. Pahara Board member Reed Hastings is also a Facebook director.

Zuckerberg and Priscilla Chen’s work in the education field focuses on personalized learning and expanding the reach of the Internet, which is very similar to Facebook’s goal.

In September of this year, Facebook announced that it will cooperate with Summit Public Schools, a franchise school system in San Francisco, to jointly develop software to facilitate students to study at their own pace. Facebook is still through the Internet. The org project has expanded the reach of the Internet, but many people have criticized the project's purpose is to promote Facebook's own services.

Since 2013, Zuckerberg has donated US$23 million to the EducationSuperHighway Project supported by the Bill and Melinda Gates Foundation, with an emphasis on upgrading public Internet services to public schools in the United States.

The Zuckerbergs often invest in projects supported by the Gates Foundation. Zuckerberg also expressed in Tuesday’s open letter the same philosophy as the Gates Foundation: “We believe that all lives have equal value.”

clean energy

Recently, Zuckerberg also initiated the Breakthrough Energy Coalition project with Gates, hoping to start early investments in companies that are concerned about clean energy. However, his specific investment scale has not been disclosed.

On Tuesday, Zuckerberg announced that he will start charitable donations through the Chan Zuckerberg Initiative. The project is registered in Delaware on November 24, and they will donate to non-profit organizations and start private investment. Investment income will be used to support related missions. However, the project itself is not a non-profit organization and it does not need to disclose data.

Entrepreneurial support

Zuckerberg also founded a venture capital fund in 2014 that specifically supports start-up companies and early education companies. The Zuckerberg couple has invested in a number of startups through the fund, including MasteryConnect, which wants to help teachers measure student performance, and AltSchool, which provides students with a personalized learning plan.

medical health

Health care is also a major investment area for Zuckerberg. The couple donated $75 million to the San Francisco Public Hospital. The hospital changed its name to "Zuckerberg San Francisco General Hospital" during last month's ribbon-cutting event.

Priscilla Chan founded a school named The Primary School in East Palo Alto. In a post he wrote in October this year, he said: "The psychological burden and chronic stress create an invisible burden," hindering the learning process.

Encourage immigration

Zuckerberg also performed positively in the US immigration policy debate. He helped establish Fwd in 2013. Us lobby organization, hope to increase the number of technical immigrants. In June 2015, the couple also went to TheDram. US donated US$5 million, which is a scholarship that specializes in funding young illegal immigrants.

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