Facebook founder Mark Zuckerberg donates $1bn to charity

The world’s youngest billionaire Mark Zuckerberg gave $970m (£591m) worth of Facebook shares to the Silicon Valley Community Foundation.

The organisation specialises in the investment and management of charitable funds.

The Chronicle of Philanthropy magazine revealed the donation as part of its annual list of the 50 most generous Americans.

The top 50 donors made contributions in 2013 worth $7.7bn (£4.7bn), plus further pledges of $2.9bn (£1.7bn), according to the magazine.

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