Facebook CEO Mark Zuckerberg Donates $100M To Newark’s Public School System
Stray News | hiphopucit | September 23, 2010 at 1:47 pm
Hot on the heels of Mark Zuckerberg being revealed by Forbes as the 35th richest American, the 26-year-old Facebook Founder & CEO has announced that he will donate $100 million to the Newark, NJ public school system, marking the first part of a foundation intended to improve the country’s education.
Zuckerberg will announce his triple digit million contribution tomorrow (Fri. Sep 24) on The Oprah Show, where he’s to be joined by Newark City Mayor Cory A. Booker and New Jersey Governor Chris Christie.
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The New York Times broke news of Zuckerberg’s educational fund shortly before Forbes revealed that the Facebook founder and CEO had climbed to the 35th position on its annual list of wealthy Americans. Forbes estimates that Zuckerberg is now worth $6.9 billion, putting him seven spots above Apple CEO Steve Jobs, who is estimated to be worth $6.1 billion, ranking 42 on Forbes’s list.
Some will call the donation calculated. The timing of the announcement is in sync with the October 1 release of The Social Network, based on Ben Mezrich’s book The Accidental Billionaires, neither of which portrays Zuckerberg in the most favorable manner. The donation could also be aimed at counteracting any negative stigma that could arise from his new rank on the Forbes 400.
The fact of the matter is that Mark Zuckerberg just donated $100 million of his own personal wealth to one of the country’s worst school systems. This is the sort of philanthropy that we see from the likes of Warren Buffett and Bill Gates; frankly, it’s amazing to have someone else with the ability to contribute at that level to that field. Ideally, we should be able to take the gesture at face value and not taint it with speculation.
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Honestly this is definitely exceptional, I discovered a blog post actually last night pertaining to Mark Z. Along with the approaching launch of the flick, “The Social Experiment”, a few individuals are suggesting that Mr. Zuckerberg is solely planning this monetary gift as a kind of image repair. I certainly do not care what this man’s reasons are. Some thing very good will come from this. Even the haters criticizing the New Jersey school district may even certainly be a bit off from my perspective. More cash will certainly assist in uplifting the school district. No doubting about the idea.
Actually this has been fabulous, I checked out a post actually last night regarding Mark Z. Due to the coming release of the film, “The Social Experiment”, many people are saying that Facebook is solely planning this sizeable donation as a sort of image repair. I absolutely do not care what their particular reasons are. Something wonderful may come with this. Perhaps the haters demeaning the New Jersey school district may even be considered a bit off from my standpoint. The increased money will definitely assist in uplifting the schools. No doubt about this…