I hate this kind of over-indulgence.
What "resources"? He built a social news website and had a strike of luck. It's not like the guy is an Einstein or a Tesla. Or that Reddit is something bettering society. It's a glorified internet forum.
Imagine how stupid things like this would sound in other industries:
"I really believe my resources are best used to help projects that make the world suck less" says multi-millionaire inventor of the Post-it / Jelly+Peanut butter combo / facial hair remover...