NEW YORK (Reuters) - Facebook founder and chief executive Mark Zuckerberg plans to announce he will donate $100 million to help improve public schools in Newark, New Jersey, according to U.S. media reports.
The announcement due on Friday would coincide with the premiere of “The Social Network,” a Hollywood movie by David Fincher chronicling the popular social media site’s rise. New York magazine described the film as “not particularly flattering” to the 26-year-old Zuckerberg.
In conjunction with the donation, New Jersey Governor Chris Christie has agreed to cede some control of the state’s public school system to Newark Mayor Cory Booker, including the power to name a new superintendent, though Christie would retain the right to take back control, the New York Times reported.
Zuckerberg, Christie and Booker are set to make their announcement on Friday on television’s “Oprah Winfrey Show,” the Times said.
On Wednesday, Forbes estimated Zuckerberg’s fortune to be worth $6.9 billion.
Reporting by Phil Wahba; Editing by Jerry Norton