Facebook CEO donates.

By kitt •

Mark Zuckerberg Donates $100 Million to Newark Public Schools
Thursday, September 23, 2010 at 05:08 AM | Blake Robinson

Mark Zuckerberg is donating $100 million to the Newark public school system. The donation will be the first part of a foundation intended improve U.S. education.
Zuckerberg will announce the contribution Friday on The Oprah Winfrey Show, where he will be joined by Newark Mayor Cory A. Booker and New Jersey Gov. Chris Christie.

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 thirty-fifth 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’ 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 protrays 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.

Share : Share

6 comments Sort by rating

By baldrick2dogs• 23 Sep 2010 16:01

I'm going to donate to America's bad schooling.

Here America, here's all the U's you have missing from your language:

uuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu

By chains• 23 Sep 2010 15:52

FriedUnicorn: Reminds me of Picasso qoute "Bad artists copy. Good artists steal."

By Mr. Doha• 23 Sep 2010 15:47

good news...

By chains• 23 Sep 2010 15:46

Rating: 3/5

No doubt he's very successful. Sharing their blessing is always cool!

For every action there's an equal and opposite reaction - Newton

By anonymous• 23 Sep 2010 15:45

Thats nothing....He has to do more given the fact that he built an empire with the stolen ideas.

By anonymous• 23 Sep 2010 15:43

Good deed.

More from Qatar Living

Qatar’s top beaches for water sports thrills

Let's dive into the best beaches in Qatar, where you can have a blast with water activities, sports and all around fun times.

Most Useful Apps In Qatar - Part Two

This guide brings you the top apps that will simplify the use of government services in Qatar.

Most Useful Apps In Qatar - Part One

this guide presents the top must-have Qatar-based apps to help you navigate, dine, explore, access government services, and more in the country.

Winter is coming – Qatar’s seasonal adventures await!

Qatar's winter months are brimming with unmissable experiences, from the AFC Asian Cup 2023 to the World Aquatics Championships Doha 2024 and a variety of outdoor adventures and cultural delights.

7 Days of Fun: One-Week Activity Plan for Kids

Stuck with a week-long holiday and bored kids? We've got a one week activity plan for fun, learning, and lasting memories.

Wallet-friendly Mango Sticky Rice restaurants that are delightful on a budget

Fasten your seatbelts and get ready for a sweet escape into the world of budget-friendly Mango Sticky Rice that's sure to satisfy both your cravings and your budget!

Places to enjoy Mango Sticky Rice in high-end elegance

Delve into a world of culinary luxury as we explore the upmarket hotels and fine dining restaurants serving exquisite Mango Sticky Rice.

Where to celebrate World Vegan Day in Qatar

Celebrate World Vegan Day with our list of vegan food outlets offering an array of delectable options, spanning from colorful salads to savory shawarma and indulgent desserts.

My account

My saved ads

My saved searches

Logout

Facebook CEO donates.

More from Qatar Living