Facebook CEO $45B organization to change charity landscape

December 2, 2015 4:52 PM

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SAN FRANCISCO — Facebook CEO Mark Zuckerberg is about to shake up yet another sector ?— the charity world —? with his surprise announcement that he and his wife will devote the bulk of their wealth, or about $45 billion, to philanthropic works.

The move will eventually put him and his wife, Priscilla Chan, in the same philanthropic echelon as Bill and Melinda Gates. It also involves a new type of philanthropic structure that differs from traditional foundations, although details on that remain scarce.

Also read: Facebook’s Zuckerberg to Meet European Officials Next Week

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