Mark and Priscilla have sold Facebook shares worth nearly $95 million for charity and impact investing. Last year, they promised to give away 99% of their Facebook shares to social causes under the Chan Zuckerberg initiative. At the time they made this statement, they were worth $45 billion.
They made charity giving through the Chan Zuckerberg Foundation and CZI Holdings LLC.
Forbes says the sales likely netted more than $85 million after capital gains taxes, which CZI Holdings must pay because it is a limited liability company rather than a nonprofit foundation.
The Chan Zuckerberg Initiative made their first investment in Andela in June 2016 when they invested $24 million to train more engineers in Africa to get tech jobs.
The couple plans to sell or give away no more than $1 billion-worth of stock each year through 2018, according to the regulatory filing.
FORBES estimates that Zuckerberg has a fortune worth $53.3 billion.
