With the net worth of $91 Billion, Mark Zuckerberg is the #10 richest person on earth all the time follow our database.
Facebook IPO'd on May 18, 2012 at roughly $38 dollars a share. Mark owns 400 million shares of Facebook. That means at the IPO he ended the day with a paper net worth of around $15 billion.
Mark has pledged to give away 99 percent of his wealth during his lifetime. In September 2017 he announced a plan to regularly sell off chunks of his shares to fund his foundation, the CZI (Chan-Zuckerberg Initiative). His 2018 share sales generated $5.3 billion worth of proceeds. In 2019 he sold $1.86 billion worth of Facebook shares.
Mark Zuckerberg's salary is $1 per year. That is not a typo. Many executives like Zuckerberg choose to pay themselves low salaries in order to increase the company's profits as much as possible. When the company maximizes profits it increases the overall value of their stock holdings which is where the executive's true wealth comes from. Executives like Eric Schmidt, Larry Page and Sergey Brin each earn only $1 per year in salary!
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Zuckerberg and Chan own roughly $175 million worth of real estate and land. Some of their most notable real estate assets include 700 acres in Hawaii, several homes in Palo Alto, and a townhouse in San Francisco.
Mark Zuckerberg owns a number of homes. The main home he and his family live in is a modest 5,000 square foot home in Palo Alto which he purchased in 2011 for $7 million.
In 2012, Zuckerberg began buying up the four surrounding properties to his home. This cost $43 million. He leased the homes back to their previous owners and planned to demolish and rebuild them in 2016. However, city officials rejected his plan, so he submitted a new plan to renovate two of the homes and rebuild the other two as single-story homes, creating a sort of compound.
In 2013, he paid $10 million for a 5,500 square foot townhouse in San Francisco. The home was built in 1928 and sits on a 9,800 square foot lot with 70 feet of sidewalk frontage. He spent more than $1.6 million renovating the house. Reportedly $65,000 iif that was on remodeling the kitchen and one bathroom.
In 2014, Zuckerberg bought two properties in Kauai in Hawaii for $100 million. These properties span 750 acres across an isolated stretch of a Hawaiian beach. In 2017, he purchased another 89 acres nearby for more than $45 million.
In 2018, Zuckerberg dropped $59 million on two adjacent private waterfront estates on Lake Tahoe. Between the two properties, Zuckerberg owns 600 feet of Lake Tahoe private waterfront.
|#6||Priscilla Chan||Spouse||$50 Billion||N/A||35||Doctor|
|#7||Randi Zuckerberg||$200 Million||N/A||38||Entrepreneur|
|#8||Maxima Chan Zuckerberg||N/A||N/A||N/A|
|#9||August Chan Zuckerberg||N/A||N/A||N/A|
Mark has a sister named Randi. Mark married his longtime girlfriend Priscilla Chan in 2012. They have two daughters named Max and August.
He was a member of his high school fencing team and attended Harvard University.
Currently, Mark Zuckerberg is 36 years old. Mark Zuckerberg will celebrate 37th birthday on Friday, May 14, 2021. Below we countdown to Mark Zuckerberg upcoming birthday.
Mark Zuckerberg Celebrates 29th Birthday
The youngest CEO on the Fortune 500 list can celebrate, as Facebook Co-Founder Mark Zuckerberg turns 29 Tuesday. It has been quite a year for Zuckerberg, who was born May 14, 1984.