Facebook Founder Gives $100 Million Donation – Facebook founder Mark Zuckerberg will appear on “The Oprah Winfrey Show” Friday announcing that he is donating $100 million toward improving public schools in Newark, New Jersey.
An official familiar with the agreement said that Zuckerberg’s donation will be the first installment from a foundation financed by Zuckerberg and focused on improving education.
The announcement comes a week ahead of the release of “The Social Network”. This is a highly anticipated movie about the early years of the social networking powerhouse. The movie and the book is based on “The Accidental Billionaires” by Ben Mezrich.
But critics have expressed that the donation is being timed to counteract the effects of the movie. On the other hand, some in the tech community say that, regardless of the timing, Zuckerberg’s gift could have far-reaching ramifications on charitable giving.
Zuckerberg and his Facebook co-founder Dustin Moskovitz are the youngest billionaires on the list. With an estimated net worth of $6.9 billion, Zuckerberg ranked 35th on this year’s Forbes 400 list of richest Americans.
New Mayor Cory Booker and New Jersey Governor Chris Christie will also appear on “The Oprah Winfrey Show”.