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Mark Zuckerberg co-founded social media giant Facebook, earning a personal net worth of $74 billion, according to Forbes.

After welcoming his first daughter, Max, into the world with wife Priscilla Chan in December 2015, Zuckerberg publicised the child’s birth by posting an announcement on Facebook. In the post, Zuckerberg declared that he and his wife would be donating 99 percent of Max’s inheritance to charity.

The post, addressed to Max, said: “We want you to grow up in a world better than ours today,” adding, “we will do our part to make this happen, not only because we love you, but also because we have a moral responsibility to all children in the next generation.”

The couple launched the Chan-Zuckerberg Initiative (CZI), which aims toward “advancing human potential and promoting equal opportunity,” according to insidephilanthropy.com.

The couple have since given birth to a daughter, August.

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