Facebook founder Mark Zuckerberg announced his first major gift of $100 million to help public schools in Newark, N.J.

The district has been plagued for years by low test scores, poor graduation rates, and outdated buildings.

The 26-year-old billionaire made the announcement on the Oprah Winfrey Show Friday, as he appeared with New Jersey Gov. Chris Christie and Newark Mayor Cory Booker.

"Well, Newark, is really just because I believe in these guys, right?" Zuckerberg told Oprah.

Zuckerberg also said he believes every child deserves to have a good education.

His announcement comes just a week before the release of the film, "The Social Network." The movie is based on Facebook's beginning and portrays Zuckerberg in a negative light.