Mark Zuckerberg Total Price:
$ 70 billion
Mark Zuckerberg’s salary
$ 1 $ per year
How much is Mark Zuckerberg’s income and salary?
Mark Zuckerberg is an American technology businessman and philanthropist with a total value of $ 70 billion. Mark Zuckerberg has spent most of the last decade as one of the richest people in the world. Of the 100 richest people in the world, Mark is the youngest. Of the top 30, she is the youngest in more than a decade.
Perhaps unsurprisingly, most of Mark’s luck stems from his shares on Facebook. Mark currently owns 400 million shares of Facebook, divided into separate classes with different voting rights. He owns about 12 million Facebook shares of Class A and 365 million Class B shares, about 81% of all B shares. Of those Class Class B voting shares, Mark has 53 voting rights. % in the company. Technically Mark also manages his co-founder of Dustin Moskovitz’s Class B voting rights, so Mark has about 58% of the company’s voting power.
Content
Wealth Events
Early life
Harvard
Facebook
Salary
Content Eligibility Details
Legal issues
Personal health
Real estate
Wealth Events
Mark Zuckerberg’s profits exceeded $ 100 billion for the first time on August 7, 2020. On January 1, 2022 his total value was $ 126 billion making him one of the five richest people in the world. Unfortunately, over the next few months Mark’s fortunes plummeted as Facebook stock prices plummeted by 50% from about $ 340 a share to $ 170. At the end of April his value was $ 65 billion, down by $ 60 billion since the beginning of January. Only one of the top 100 billionaires lost more money at the same time. As a result of this decay, Mark slipped from the world’s fifth richest man to # 19 /
Early life
Mark Elliot Zuckerberg was born in White Plains, New York, May 14, 1984. His father, Edward, is a dentist and his mother, Karen, is a psychiatrist. He has three sisters, Randi, Donna and Arielle. Mark and his sister grew up in Dobbs Ferry, New York, Westchester County. When he performed his Bar Mitzvah at the age of 12, it was a “Star Wars” theme.
In middle school, Zuckerberg began to use computers and writing software. His father taught him BASIC Programming in the 1990s, and later hired software developer David Newman to tutor him privately.
Zuckerberg attended Ardsley High School in his early years and sophomore years. In his junior and senior year, he studied at Phillips Exeter Academy where he excelled academically and won awards in physics, mathematics, astronomy, and ancient studies. He was the captain of the Phillip Exeter Academy fencing team. While in high school, she studied undergraduate studies at Mercy College at BASIC. He also built a software program he called “ZuckNet” that connected all of Zuckerbergs’ home computers with those that worked for his dentist. It acted as AOL’s Instant Messenger, which started a year after Mark built ZuckNet. Zuckerberg also created a music player called Synapse Media Player in high school. The media player has learned user listening habits. AOL tried to buy Synapse and hired Zuckerberg. Microsoft also billed a few million dollars in Synapse and tried to hire Zuckerberg. He did not sell and registered at Harvard in the fall of 2002.
Harvard
Zuckerberg had a reputation for being a programmer when he arrived at Harvard. He studied psychology and computer science. He was a member of the Alpha Epsilon Pi fraternity and the Kirkland clan. Zuckerberg has written a CourseMatch program for his second year. Users can choose classes based on the preferences of other students and study groups. Shortly afterwards, he created Facemash, which allows users to select the most attractive person in a group of photos. The site filled the Harvard servers the first weekend so live that the university closed it.
The following semester, in January 2004, Zuckerberg began coding a new website code. On February 4, 2004, Zuckerberg launched “Thefacebook,” originally available on facebook.com, from his Harvard bedroom with classmates Dustin Moskovitz, Chris Hughes, and Eduardo Saverin.
Zuckerberg quit Harvard in his second year to work on Facebook. She received an honorary degree in 2017.
Zuckerberg, Moskovitz and other friends moved to Palo Alto, California, where they rented a small house that served as a Facebook office in the spring of 2004. During the summer, Zuckerberg met Peter Thiel, who had invested in the company. Initially, the group planned to return to Harvard but decided to stay in California. They had already turned down offers for major companies to buy the company. In April 2009, Zuckerberg sought advice from former Netscape CFO Peter Currie about Facebook funding strategies. On July 21, 2010, Zuckerberg reported that the company had reached a target of 500 million users. Of course, today, Facebook is the largest social network that has made Mark Zuckerberg one of the richest men in the world.
Salary
Mark Zuckerberg’s salary is $ 1 a year. That is not a typo. Many executives like Zuckerberg prefer to pay lower wages in order to maximize the company’s profits as much as possible. When a company increases profits and increases the total value of their shares in shares, the real wealth of the executor arises. Managers like Eric Schmidt, Larry Page, and Sergey Brin each earn only $ 1 a year in salaries!
Content Eligibility Details
Facebook IPO’d on May 18, 2012, for about $ 38 per share. Mark owns 400 million shares of Facebook. That means the IPO ended the day with an estimated $ 15 billion.
Mark has promised to donate 99 percent of his wealth during his lifetime. In September 2017 he announced a plan to regularly sell pieces of his shares in support of his foundation, CZI (Chan-Zuckerberg Initiative).
Legal issues
Harvard students Divya Narendra, Cameron Winklevoss, Tyler Winklevoss accused Zuckerberg of deliberately believing he would help them build their website, HarvardConnection.com, a social networking site renamed ConnectU. Many cases followed. The lawsuit was settled out of court on June 25, 2008, resulting in a $ 1.2 million regular payment and $ 20 million in damages. If those shares are still owned today, they cost north of $ 200 million. At least part of those shares were sold by the Winklevoss brothers to finance their investment in Bitcoin. They owned so much Bitcoin that in December 2017, their combined crypto assets amounted to north of $ 1 billion.
On April 10 and April 11, 2018, Zuckerberg began testifying before the United States Senate Committee on Trade, Science, and Transport on Facebook’s use of personal data in connection with the Facebook – Cambridge Analytica data breach. Zuckerberg called all of this a breach of trust between Aleksandr Kogan, Cambridge Analytica, and Facebook.
Personal health
Zuckerberg said that he was able to read and write French, Hebrew, Latin, and ancient Greek when completing his college applications.
Zuckerberg met his future wife, fellow student Priscilla Chan, at a fraternity party in his second year at Harvard. They started dating in 2003.
In September 2010, Zuckerberg invited Chan, then a medical student at the University of California, to move into his rented apartment in Palo Alto. On May 19, 2012, Zuckerberg and Chan got married in Zuckerberg’s yard at a ceremony that celebrated his graduation from medical school. On December 1, 2015, Zuckerberg announced the birth of their daughter, Maxima Chan Zuckerberg (“Max”). They welcomed their second daughter, August, in August 2017.
Zuckerberg and Chan are members of The Giving Pledge and active philanthropists based on their foundation, the Chan Zuckerberg Initiative. The couple intends to finally donate 99% of their shares to Facebook in Initiative.
Real estate
Zuckerberg and Chan own approximately $ 200 million in real estate. Some of their most notable properties include 1,400 hectares in Hawaii, several Palo Alto homes, and a downtown San Francisco township.
Mark Zuckerberg’s main home where he and his family live is a 5,000-square-meter Palo Alto home he bought in 2011 for $ 7 million. But he also owns the houses around this “modest” home, making a private combination. In 2012, Zuckerberg began buying four surrounding buildings in his home. In total he has spent $ 43 million buying the surrounding areas. He then leased the houses to their former owners with initial plans to demolish them and rebuild them. However, city officials rejected his proposal, so he submitted a new plan to renovate two houses and build two more.
In 2013, he paid $ 10 million for a 5,500-square-foot town hall in San Francisco. The home was built in 1928 and houses 9,800 square feet [9,800 sq m] and 70 feet [70 m] in front. He has spent more than $ 1.6 million repairing the house. It is reported to be $ 65,000 if that were in the redesign of a single kitchen and bathroom.
In 2014, Zuckerberg bought two properties in Kauai in Hawaii for $ 100 million. The complex covers 750 acres [750 ha] in the remote coastal region of Hawaii. In 2017, he bought another 89 hectares nearby for more than $ 45 million. In January 2022 he bought an additional 100 hectares and this time his track in Kauai covered 1,400 hectares.
In 2018, Zuckerberg reduced $ 59 million to two coastal areas in Lake Tahoe. Between the two buildings, Zuckerberg owns a 600-foot Lake Tahoe private property.
