Facebook founder Zuckerberg to give away most of wealth

Mr Zuckerberg is estimated to be worth almost $7bn
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Facebook co-founder Mark Zuckerberg has become one of the latest billionaires to pledge to give away the majority of his wealth.

He is one of 17 new people to support a group, founded by Bill Gates and his wife along with Warren Buffett, which encourages America's wealthiest to publicly promise to donate to charity.

At 26, Mark Zuckerberg is one of the youngest to sign up.

Earlier this year, he gave $100m in shares to schools in New Jersey.

"People wait until late in their career to give back. But why wait when there is so much to be done?" he asked in a statement.

"With a generation of younger folks who have thrived on the success of their companies, there is a big opportunity for many of us to give back earlier in our lifetime and see the impact of our philanthropic efforts."

Mr Zuckerberg, estimated to be worth $6.9bn (£4.4bn), was placed 35th in this year's Forbes list of the richest people in the US.

The Giving Pledge initiative was launched earlier this year. It was announced in August that 40 individuals or families had made the pledge.

Encouraging others
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Billionaire pledgers

Mark Zuckerberg, Facebook
Larry Ellison, Oracle
Bill Gates, Microsoft
Warren Buffett, Berkshire Hathaway
George Lucas, Film producer
Ted Turner, CNN founder
Some of the super rich prefer to give to charities anonymously, but the Giving Pledge stresses the importance of being open about donations.

"Research shows that when people know that others are giving, they are themselves more likely to give," said Princeton University's Peter Singer in a statement released by the Giving Pledge.

Billionaire investor Carl Icahn, who also signed up this month, said he had not previously considered going public.

"However, I certainly see the value of a project that encourages wealthy individuals to step forward and commit to use their wealth for the common good," he said.

"I hope that by adding my voice with those who are supporting this project, we will all encourage others to participate."

There was also a sign that the founders may take the Giving Pledge outside the US.

Warren Buffett and the Gateses are talking to other billionaires from around the world to learn about their philanthropy efforts, a statement said.








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Roy Hodgson clings to job as Liverpool manager



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Defeat is a 'bitter blow' - Hodgson

By Dan Roan
BBC Sports News Correspondent

Roy Hodgson looks set to remain as Liverpool manager this weekend after the club's American owners took no decision over his future.
Hodgson arrived at the club's Melwood training ground to host Friday's media conference ahead of Sunday's FA Cup clash with Manchester United.
But the 63-year-old's job remains in the balance following their 3-1 Premier League loss to Blackburn on Wednesday.
The loss left Liverpool 12th in league, four points above the relegation zone.
The former Fulham manager's future was the subject of a series of trans-Atlantic phone calls on Thursday, involving Liverpool's American owners the Fenway Sports Group, director of football strategy Damien Comolli and other senior officials.

606: DEBATE
Support for Liverpool's Roy Hodgson on the Kop seems scarce, if it exists at all, after the 3-1 reverse at the hands of Blackburn
Mike Henson - BBC Sport
Liverpool do not currently have a chief executive, which may partly explain the lack of a decision one way or the other, but Hodgson is expected to be replaced as soon as a successor is identified.
Club legend Kenny Dalglish, who many Liverpool fans want installed in Hodgson's place, is currently out of the country and is not expected to return until next week.
Hodgson will now have what appears to be one last chance to save his job, against rivals Manchester United.
The former Blackburn boss replaced Rafael Benitez as manager at Anfield in July, but has struggled to win over the Liverpool fans so far this season, as the team have laboured in mid-table.
Earlier in the season the 18-time English champions suffered an embarrassing Carling Cup home defeat at the hands of League Two outfit Northampton, and face a two-legged tie against Sparta Prague in February after progressing past the group stage of the Europa League.
A win over United on Sunday would help Hodgson's case hugely, and go some way to making up for recent results such as the 1-0 home defeat by Wolves on 29 December.
After that game, Hodgson suggested frustrated fans would be better served by getting behind the team rather than on their backs, a comment which he was later forced to retract and apologise for.
Last weekend's last-gasp 2-1 win over Bolton seemed to buy Hodgson valuable breathing space, but the pressure on him returned following the loss at his former club Blackburn.
The former Inter Milan and Switzerland boss was appointed by Liverpool before the current owners, New England Sports Ventures, took over the club in October.







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