Facebook CEO Mark Zuckerberg donates $500 million to charity

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Two years ago, Facebook cofounder Mark Zuckerberg  signed The Giving Pledge, a public commitment to give away 50% of his wealth or more during his lifetime or upon his death. The young tech titan just took the next step toward meeting that pledge.

On his Facebook page Tuesday, the $12.5 billion CEO announced that he and his wife Priscilla Chan donated 18 million of his shares in Facebook to the Silicon Valley Community Foundation. This comes after Zuckerberg pledged $100 million to Startup:Education in 2010 to improve Newark schools.

“Together, we will look for areas in education and health to focus on next,” Zuckerberg wrote on his Facebook page. “I’m hopeful we’ll be able to have as positive an impact in our next set of projects.” Click below for full story - 

 IMAGE: Reuters