News | August 19, 2011

Haute 100 Update: Mark Zuckerberg joins Warren Buffett as Billionaires Supporting Higher Taxes

News | August 19, 2011

Facebook founder Mark Zuckerberg has joined renowned philanthropist Warren Buffett in stating publicly his support for higher taxes. Buffett grasped the nation in a piece for the New York Times in which he stated that he paid a lower percentage in taxes than his receptionist. Zuckerberg is the latest to join the ranks of billionaires for higher taxes, which also includes Microsoft founder Bill Gates.

According to MSNBC, the support was made public in a town hall meeting hosted by Facebook. They stated, “President Obama pitched the idea of greater taxes on the wealthiest members of society. In response, Zuckerberg said succinctly, ‘I’m cool with that.’”

Zuckerberg – who is reportedly worth $13.5 billion – has been gradually getting more philanthropic. The young billionaire recently donated an impressive $100 million to New Jersey public schools and also signed Buffett’s famous Giving Pledge last year, which is a pledge that commits wealthy people who sign it to donating at least half of their fortunes to charity. Others who have signed the generous pledge include Larry Ellison, George Lucas, and other Facebook founder Dustin Moskowitz.

Our Haute 100 list details the accomplishments of the most influential people in each of our markets. To see the entire Haute 100 San Francisco list, click here.

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