Facebook founder Mark Zuckerberg has hired former US Deputy Secretary of Education, James Shelton III to head the multi-billion dollar education philanthropy organisation, the Chan Zuckerberg Initiative. Founded last year, the foundation aims to give 99% of Zuckerberg’s Facebook stock, valued at around $45bn, to a variety of educational causes. The announcement comes as part of an effort by Zuckerberg, who is worth $28.5bn (£21.4bn), and his wife Priscilla Chan, also worth about $41bn (£31.3bn@@
Facebook founder Mark Zuckerberg has hired former US Deputy Secretary of Education, James Shelton III to head the multi-billion dollar education philanthropy organisation, the Chan Zuckerberg Initiative. Founded last year, the foundation aims to give 99% of Zuckerberg’s Facebook stock, valued at around $45bn, to a variety of educational causes. Shelton previously worked as a program director at the Bill & Melinda Gates Foundation and as a partner at the NewSchools Venture Fund, both of which have donated and invested heavily in education technology, among other public schooling causes.