The money will go to his foundation, the Chan Zuckerberg Initiative.
Facebook CEO Mark Zuckerberg will sell up to 75 million shares of Facebook over the next 18 months.
At the current Facebook share price of $170, that means Zuckerberg could sell up to $12.7 billion in Facebook stock.
He could also sell as few as 35 million shares of Facebook, which would work out to just under $6 billion in Facebook stock.
Zuckerberg is selling some of his Facebook shares to fund the Chan Zuckerberg Initiative, the philanthropic organization he
Zuckerberg plans to give away 99% of his Facebook shares during his lifetime, valued at about $70 billion.
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