UsaToday Dec 2020: Facebook CEO Mark Zuckerberg's official salary is only $1. However, through other forms of compensation, he was paid more than $23.4 million in fiscal 2019. Despite a multimillion dollar salary, Zuckerberg's income is only 94 times higher than that of his typical employee.
As revealed by Facebook's annual proxy statement submitted to the Securities and Exchange Commission, Zuckerberg currently earns a base salary of just $1, making him Facebook's lowest paid employee.
Zuckerberg's wealth stands at around $206 billion, according to the Bloomberg Billionaires Index. That puts him just ahead of Amazon.com founder Jeff Bezos and almost $50 billion behind Tesla CEO Elon Musk.
Zuckerberg's official salary remains a symbolic $1, according to Meta's 2023 SEC filing. Yes, you read it right. His salary is $1 and follows a trend Zuckerberg established in 2013.
Zuckerberg is co-founder and chief executive of Meta Platforms, the company behind Facebook -- the world's largest social-network. The Menlo Park, California-based business had revenue of $134.9 billion in 2023 and has about 4 billion monthly users.
At what age did Mark Zuckerberg become a billionaire?
He became the world's youngest self-made billionaire in 2008, at age 23, and has consistently ranked among the world's wealthiest individuals. He has also used his funds to organize multiple donations, including the establishment of the Chan Zuckerberg Initiative.
Almost all of Mark Zuckerberg's net worth comes from his ownership stake in Facebook, which he founded in 2004. While he was still a student at Harvard University he created a website called Facemash, which allowed students to rate the attractiveness of their peers.
In 2023, the company spent a total of $23.4 million for Zuckerberg's personal security, including $9.4 million in direct security costs and another $14 million in an annual pre-tax allowance meant to “cover additional costs related to Mr. Zuckerberg and his family's personal security.”
Facebook's $1 billion acquisition of Instagram in 2012 is hailed as a watershed moment. At the time analysts called the $1 billion price tag for Instagram exorbitant. However, the photo and video-sharing app today commands a staggering valuation of $500 billion, proving Zuckerberg's strategic foresight and risk-taking.
Mark Zuckerberg owns 13.5% of Facebook in 2024. In 2012 he owned nearly 30% when Facebook went public. (May 2024 – Mark Zuckerberg's net worth increases to $155 billion.)
Mark Zuckerberg did not graduate from Harvard. He attended the university as an undergraduate but dropped out. Mr. Zuckerberg received an honorary doctorate from Harvard in 2017.
Mark Zuckerberg got into Harvard because he was super smart and had some impressive achievements even before college. He was top-notch in his classes and loved computer science, coming from a fancy prep school called Phillips Exeter Academy.
Zuckerberg largely left alone for a while. No longer. When Facebook bought WhatsApp for $19 billion nearly a decade ago, Mark Zuckerberg made a promise: The Facebook chief said he wouldn't meddle often with the messaging app so as not to mess with a good thing.
Apple CEO Tim Cook's 2023 compensation of $63,209,845 surpassed the $49 million target by 28%. The pay ratio between Cook and the median compensated employee is 672 to 1. The annual compensation of other top executives, including Luca Maestri, Kate Adams, and Deirdre O'Brien, was also disclosed.
What companies does Mark Zuckerberg own? Mark owns 94 companies and if you want to see the entire list, please check out the Facebook acquisitions 2021 shared by Techwyse in this blog above.
Mark Zuckerberg and Priscilla Chan have a lifetime giving amount of $4.5 billion, with their giving focusing on science and education. The couple's net worth is $165 billion.
Zuckerberg owns a Gulfstream G650ER jet registered as N68885, with two Rolls-Royce BR725 engines. N68885 is highly active, taking 42 flights in Q1 2024, and frequenting airports in California.
Musk's protection in 2023. It paid $500000 in the first two months of 2024, more than five times the average spent every two months in 2019, according to Tesla documents. From 2015 to 2018, Mr. Musk spent an average $145000 a month on security, according to invoices and receipts viewed by The Times.
Bezos's entourage of security personnel can seem overwhelming even to people used to an entourage. When Bezos was on set for his cameo in "Star Trek Beyond," actor Chris Pine said, "I was there for the bit with his, like, nine bodyguards and three limos. It was really intense."
TikTok generates revenue from ad revenue and in-app gift purchases. The ads function synonymously as those from other social media platforms: advertisers select their target demographic and TikTok places this messaging in front of the advertiser's desired audience.
Now you must be wondering how the company makes such a large amount of money. Well… the social networking giant makes most of its money by showing ads on the social media and messaging platforms it owns, i.e. Facebook, Facebook Messenger, Instagram, and WhatsApp.
