"Grants are awarded via three funding entities: the Chan Zuckerberg Foundation, a 501(c)3 private foundation; the Chan Zuckerberg Initiative Donor-Advised Fund (DAF) at the Silicon Valley Community Foundation; and Chan Zuckerberg Advocacy, a 501(c)4 organization."
Now please do check how money needs to be spent by 501(c)3:
He does not need to buy a Lamborghini or a yacht with that money: there are plenty of other ways to use money to secure power or influence that do not involve the purchase of physical things.
https://chanzuckerberg.com/grants-ventures/grants/
"Grants are awarded via three funding entities: the Chan Zuckerberg Foundation, a 501(c)3 private foundation; the Chan Zuckerberg Initiative Donor-Advised Fund (DAF) at the Silicon Valley Community Foundation; and Chan Zuckerberg Advocacy, a 501(c)4 organization."
Now please do check how money needs to be spent by 501(c)3:
https://www.irs.gov/charities-non-profits/charitable-organiz...
He still has significant control and influence that can be exerted by foundation. Yet, buying lambo or yacht with this money is harder.