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Mark Zuckerberg announced the birth of his daughter Max today in a heartfelt post where he also shared his plans to give away 99 percent of his Facebook shares -- amounting to $45 billion at today's prices -- to fund a new charitable initiative.

In a letter to their daughter Max, Zuckerberg and his wife, Dr. Priscilla Chan, said the Chan Zuckerberg Initiative will "join people across the world to advance human potential and promote equality for all children in the next generation."

"Our initial areas of focus will be personalized learning, curing disease, connecting people and building strong communities," the proud new parents wrote in the letter, which was posted to both of their Facebook pages.