Facebook founder will reportedly add $13 billion to fund the Chan Zuckerberg Initiative

Mark Zuckerberg and Priscilla Chan. Photo by Adam Berry/Getty Images

Facebook CEO Mark Zuckerberg is selling $13 billion of shares of his company to fund the Chan Zuckerberg Initiative in projects such as the Human Cell Atlas and Biohub, according to CNBC.

The goal is to cure, prevent or manage all diseases "in our children's lifetime," the report said.

The Human Cell Atlas maps cells in the human body. Biohub joins researchers from the three top academic institutions in the San Francisco Bay area.

CZI was founded by Zuckerberg and his wife, Priscilla Chan.

Last year, Zuckerberg said he would sell up to 75 million shares of Facebook and invest the resulting $12 billion to fund the Chan Zuckerberg Initiative.

Facebook has faced challenges this past year including reports that Cambridge Analytica used the social media company to manipulate voter behavior.

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