Sep 23, 2010

PALO ALTO, CA - AUGUST 18:  Facebook founder a...

 
Mark Zuckerberg, the 26-year-old Facebook founder and the biggest climber on this year's Forbes 400, has just agreed to donate $100 million to Newark's troubled public schools.

The tech whiz kid is expected to appear on fellow Forbes billionaire Oprah Winfrey's show tomorrow to announce the gift, alongside Newark Mayor Cory Booker and New Jersey Governor Chris Christie.

This is the first time Zuckerberg has made a large-scale public charitable donation. Today, the media's attention has been piqued by both the timing and nature of the pledge, which amounts to $100 million in Facebook stock rather than cash.

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