Zuckerberg, 15 Other Tycoons Vow to Give Away Fortunes

Facebook founders join Gates, Buffett's 'Giving Pledge'

By Rob Quinn,  Newser Staff

Posted Dec 9, 2010 3:05 AM CST | Updated Dec 9, 2010 6:00 AM CST

(Newser) – Facebook founders Mark Zuckerberg and Dustin Moskovitz, the youngest billionaires in America, have become the youngest billionaires in history to pledge to give away most of their money. The pair are among 16 billionaires who have recently signed the "Giving Pledge" organized by Bill Gates and Warren Buffett, the Wall Street Journal reports. A total of 57 billionaires have now signed the pledge to give away the majority of their fortunes to good causes.

Other new signers include AOL co-founder Steve Case, financier Carl Icahn, and Michael Milken, the former junk-bond king who went to jail for securities fraud. "I view this as a call to others who might in their 30s or 40s use some of their creativity to get involved in philanthropy earlier in life," Milken said. Investor and new pledge member Nicolas Berggruen, 48, says he decided to sign up so he could see his wealth put to good use while he's still alive.

Facebook CEO Mark Zuckerberg smiles during an announcement in San Francisco last month.
Facebook CEO Mark Zuckerberg smiles during an announcement in San Francisco last month.   (AP Photo/Paul Sakuma)
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People wait until late in their career to give back. But why wait when there is so much to be done? - Mark Zuckerberg

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