it's very noble of him, and I wonder where he will give these 99%, if these are charitable foundations that really help people, then this good deed will not be ignored, because you can't earn all the money, and for someone this money is vital.This act will bring him more than he will give, a good man.
If you read the full article you will realize the funds will go to ukranian users and some other donations like animal welfare.
In February after Russia invaded Ukraine, the FTX founder said his crypto exchange gave cash to all of its Ukrainian users. He also personally donated $250,000 in tether to Ukraine.
The idea about give to earn more is nice, his goal is to keep only 1% of his earnings each year, and it's a great way to help others if you earn a lot.
Effective altruism is an intellectual project, using evidence and reason to figure out how to benefit others as much as possible. Honestly, this the first time I am reading about this concept. And I like it already. Also the fact that he has personally donated $250,000 in tether to Ukraine is super amazing. It reminds me of the song by Alicia Keys - We Are Here.