Mark Zuckerberg’s fortune now exceeds $200 billion, even though the couple pledged in 2015 to give away 99% of their Facebook, now Meta, shares during their lifetimes. The commitment was announced with the birth of their first daughter, Maxima, and comes amid an estimated $124 trillion in wealth expected to pass from baby boomers to younger generations. Zuckerberg still owns roughly 13% of Meta, giving him majority voting control, while their three daughters are not slated to inherit most of his wealth. The Chan Zuckerberg Initiative, structured as a limited liability company rather than a foundation, now focuses partly on artificial-intelligence-driven biomedical research. Zuckerberg’s extensive real estate portfolio, including a recent Miami purchase, is not covered by the pledge to give away 99% of his shares. The article also says California’s proposed 5% billionaire tax was headed toward defeat, while a billionaire-backed measure seeking to block new wealth taxes was leading.
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