Zuckerberg to share half his billions

Facebook co-founders Mark Zuckerberg and Dustin Moskovitz decide to join Warren Buffet and Bill Gates and give away half their wealth.

If you are one of those who are slightly disturbed at the idea of the wealthy enjoying tax cuts, a few billionaires would like you to understand that greed is not necessarily good.

Facebook's Mark Zuckerberg, together with co-founder Dustin Moskovitz and other business luminaries, is pledging to give away half his vast fortune in order for at least that half to do real good, according to Reuters.

The Giving Pledge, founded in June by Bill Gates and Warren Buffett, is an attempt on behalf of those who surely wouldn't even be able to spend half of their wealth, to give back.

Altogether, another 17 billionaires, including AOL's Steve Case and Yahoo's favorite investor Carl Icahn, just joined the growing list.

CC Andrew Feinberg/Flickr

The Giving Pledge doesn't administer the billionaires' philanthropy. It doesn't even tell its members where they should put their money. It just makes them promise to dedicate at least half of their vast fortunes to those who cannot hope to ever enjoy that kind of choice.

After all, there is something faintly ridiculous about people becoming hugely wealthy and not devoting their funds to good causes until after they have eaten their last ounce of caviar. Or, in Zuckerberg's case, perhaps their last Taco Bell.

Zuckerberg has already meandered onto Oprah Winfrey's show to give $100 million to schools in New Jersey . And one can only hope that he uses his own creation to share his intentions for further donations.

Surely those who believe they ought to benefit from the Facebook creator's wealth, should be able to friend him and state their cases. Then, perhaps, Zuckerberg might offer a continuous status update of exactly how his money is trickling to those who, he believes, deserve it most.

 

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