One of the world’s youngest and smartest billionaires on the planet, Facebook’s CEO and co-founder Mark Zuckerberg, has recently made a decision to sign the Bill Gates and Warren Buffet’s “Giving Pledge” initiative and donate a large portion of his wealth to charity. The initiative is a agreement that over 57 multi-millionaires and billionaires have collectively decided to share their wealth with charities over the course of their lifetime or upon their deaths.
The young philanthropist at only 26 years old is no stranger to giving back to the community. He has previously donated a very large, but private, sum of money to the social network project called Diaspora. He’s also given over $100 million to Newark Public Schools to help fix and improve their current public school system.
Mark Zuckerberg’s desire to give back his wealth to those organizations that need it has placed him in a wholly different category of philanthropist’s than most. Why? Primarily because he is so young, and he has made a rather mature decision at such a young age to share his wealth and let it benefit people right now more than later. And, being responsible for one of the most popular sites on the Internet, he feels that giving and sharing is the right thing to do and will hopefully encourage others to do the same.
Zuckerberg feels that his youthfulness is a main reason why he should share the wealth at this point in his life. In an interview about his decision to partake in The Giving Pledge, he passionately spoke about how the opportunity to have his money benefit people now is very important. He didn’t feel that waiting until later in his career to share his wealth was what he needed to do. By giving back early in his lifetime, Mark Zuckerberg said that he would be able to see the impact of his philanthropic efforts and contributions.