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Facebook's Zuckerberg pledges to give 99% of shares to charity

A new organisation, the Chan Zuckerberg Initiative, will manage the money

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The pledge was made in an open letter to their newborn daughter, Max, who was born about a week ago.

San Francisco

MARK Zuckerberg, the co-founder and chief executive of Facebook, announced on Tuesday that he and his wife would give 99 per cent of their Facebook shares "during our lives" - holdings currently worth more than US$45 billion - to charitable purposes.

The pledge was