Facebook Founder To Give Away Millions - Spokane, North Idaho News & Weather KHQ.com

Facebook Founder To Give Away Millions

(CNN) -- One of America's richest and youngest is giving back.

Mark Zuckerberg, founder and chief executive of social-networking powerhouse Facebook, is planning on donating $100 million toward improving public schools in the troubled district of Newark, New Jersey.

The gift would be the largest known charitable donation by Zuckerberg, who Forbes magazine says is the 35th richest person in the United States with an estimated net worth of nearly $7 billion.

At 26, he and Facebook co-founder Dustin Moskovitz are the youngest billionaires on the list.

The news comes just over a week before "The Social Network," a brutal (and, admittedly, fictionalized) biopic chronicling the early days of Facebook, is set to be released. By all accounts, the film doesn't cast Zuckerberg in a positive light, leading some critics to accuse him of making the donation as an image-booster.

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