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Mark Zuckerberg
  • Net Worth : $164 Billion
    0.00%
    Real Time Net Worth as of 2024/02/27
  • Wealth Source : Facebook
  • Industry : Technology
  • Date of Birth : 1984/05/13
  • Age : 39
  • Gender : Male
  • Citizenship : United States

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Mark Zuckerberg
  • Net Worth : $164 Billion
    0.00%
  • Wealth Source : Facebook
  • Industry : Technology
  • Date of Birth : 1984/05/13
  • Age : 39
  • Gender : Male
  • Citizenship : United States

Mark Zuckerberg Net Worth 2024

Year Net Worth

Mark Zuckerberg is the founder of Facebook and one of the co-founders and top executives at Meta Platforms, currently, Meta is the company that manages Facebook, which happens to be the world’s largest social network on earth.

With its headquarters in Menlo Park, California, the company generated an impressive $117 billion in revenue during the year 2022.

As of 2023, Facebook boasts a staggering 3.7 billion monthly users. Way back in 2012, when Meta Platforms was still known as Facebook, it made history by conducting the largest-ever technology initial public offering (IPO).

Road to riches

Zuckerberg’s immense wealth primarily stems from his ownership of approximately 13% of Meta Platforms, which was previously known as Facebook, as indicated in the company’s 2023 proxy statement.

Facebook itself, now a part of Meta Platforms, remains the world’s largest social network. According to a presentation in January 2023, Meta Platforms has around 3.7 billion active users each month, with roughly 3 billion of them on Facebook.

Going back to the past, Meta Platforms made headlines on May 17, 2012, by going public through an IPO, which was a groundbreaking event in the tech world at that time.

Zuckerberg, the billionaire in charge, holds these shares through a series of trusts and holding companies, as per the proxy information.

It’s worth noting that he’s committed to donating 99% of these shares throughout his lifetime, a pledge made in a December 2015 filing with the U.S. Securities and Exchange Commission (SEC).

Starting in August 2016, Zuckerberg began selling shares to support his philanthropic endeavors. Our calculations do not credit him for the value of these sales proceeds that go towards charitable work.

However, he is still credited with the shares he intends to give away since he retains ownership of them.
The value of his liquid assets is determined by analyzing insider transactions, primarily those involving the sale of Facebook shares.

Mark Zuckerberg biography

Mark Zuckerberg was born in the New York suburb of White Plains. He rose to prominence as a computer genius while attending the elite Phillips Exeter Academy.

He went to Harvard after completing his studies at Exeter with a degree in classics.

It was at Harvard that he and three friends kicked off the journey of Facebook right from his dorm room.
As the platform rapidly spread to other universities, Zuckerberg made the bold decision to leave Harvard and make his way to Silicon Valley.

In the fall of 2004, Peter Thiel provided Zuckerberg with a substantial $500,000 investment, followed swiftly by contributions from other venture firms.

By December 2004, Facebook had nearly 1 million users on board. However, with its soaring success came legal complications, first involving co-founder Eduardo Saverin, who parted ways with the company in the summer of 2004.

And later with Divya Narendra and the Winklevoss twins, who accused Zuckerberg of stealing their Facebook concept.

In November 2011, Facebook struck a 20-year agreement with the Federal Trade Commission to address user privacy concerns.

On May 17, 2012, the firm went public with an initial public offering on the New York Stock Exchange, establishing a record as the biggest technology IPO in history.

mark zuckerberg net worth - comparewise

Philanthropy and giving

Zuckerberg has pledged to donate the vast bulk of his fortune to humanitarian organizations. In September 2010, he generously contributed $100 million in Facebook stock to the Newark, New Jersey, public school system.

He also gave the Silicon Valley Community Foundation 36 million shares. Priscilla Chan, Zuckerberg’s wife, gave birth to their first child in December 2015.

On the same day, he unveiled his intention to give away 99% of his Facebook stock during his lifetime to support philanthropic endeavors. Their second daughter arrived in August 2017.

Mark Zuckerberg’s milestones of achievement

Mark Zuckerberg’s life is a whirlwind of innovation and business prowess, and a true business and tech titan’s odyssey.

YearMilestoneAchievement
1984Mark Zuckerberg was born in White Plain, New York, USA.
2004He created theFacebook.com while in Harvard alongside his three friendsFacebook.com
2004Mark raises a huge sum of $500,000 in angel investment from capitalist Peter Thiel$500,000 
2005Thefacebook.com officially change its name to Facebook
2005Mark rejected an offer of $ 1 billion from Yahoo to buy Facebook  
2012Mark and Facebook acquired InstagramInstagram
2012Mark and Facebook sell the most technology IPO in history.
2012Facebook exceeded 1 billion registered member1 billion members mark.

Mark Zuckerberg’s net worth and salary

Mark Zuckerberg is an American tech pioneer and philanthropist with an estimated net worth of $120 billion.

Over the past ten years, he has consistently ranked as one of the wealthiest individuals globally.

What’s truly remarkable is that among the top 100 richest people worldwide, Mark holds the distinction of being the youngest. Even among the top 30, he stands out as the youngest by a margin of more than ten years.

Unsurprisingly, the lion’s share of Mark’s wealth is tied to his ownership of Facebook. At present, he holds approximately 400 million Facebook shares in total, categorized into different classes, each with distinct voting rights.

Specifically, Mark possesses around 12 million Class A shares and a whopping 365 million Class B shares, which amounts to roughly 81% of all Class B shares in circulation.

Through these Class B super-voting shares, Mark exercises a commanding 53% of the voting authority within the company.

Mark additionally has influence over co-founder Dustin Moskovitz’s Class B voting rights, boosting his overall voting power over the business to a whopping 58%.

Mark Zuckerberg’s early life

Mark Elliot Zuckerberg was born in White Plains, New York, on May 14, 1984. His father, Edward, is a dentist, and his mother, Karen, is a therapist. Randi, Donna, and Arielle are Mark’s three sisters.
They all grew up in Dobbs Ferry, New York, which is situated in Westchester County.

When Mark celebrated his Bar Mitzvah at the age of 12, the theme was “Star Wars.” During his time in middle school, Mark Zuckerberg started getting interested in computers and began writing software.

It’s recorded that Marks’s father, Mr. Edward played a significant role in his early education by teaching him BASIC programming during the 1990s.

Later on, Mark received private tutoring from software developer David Newman.

Zuckerberg attended Ardsley High School during his freshman and sophomore years of high school.

During Mark’s junior and senior years at Ardsley, he transferred to Phillips Exeter Academy, where he excelled academically and received honors in physics, arithmetic, astronomy, and classical studies.

Additionally, Mark served as the captain of the Phillips Exeter Academy fencing team. While still in high school, he took a graduate-level course in BASIC at Mercy College.

Mark also developed a software program called “ZuckNet” during this time, which connected all the computers in his family’s home with those in his father’s dental practice.

This program functioned similarly to AOL’s Instant Messenger, which was introduced the year after Mark created ZuckNet.

He also designed a music player called the “Synapse Media Player” in high school that learned the user’s music preferences.

AOL and Microsoft both expressed interest in buying Synapse for millions of dollars and hiring Mark Zuckerberg. However, he decided not to sell and instead enrolled at Harvard University in the fall of 2002.

Mark and Harvard

Mark Zuckerberg was known as a programming prodigy when he arrived at Harvard University. Nonetheless, Mark studied psychology and computer science, and he was a part of the Alpha Epsilon Pi fraternity while residing in Kirkland House.

During his sophomore year, Zuckerberg developed a program called CourseMatch that allowed users to choose their classes based on the preferences of other students and form study groups.

Shortly after, the young Mark created Facemash, a website that enabled users to pick the most attractive person from a set of images on the platform.

The popularity of Facemash caused Harvard’s servers to crash during its initial weekend online, leading the university to shut it down.

In the following semester, in January 2004, Zuckerberg started working on a new website. On February 4, 2004, he launched “Facebook” from his Harvard dorm room, together with his classmates Dustin Moskovitz, Chris Hughes, and Eduardo Saverin.

Zuckerberg decided to leave Harvard during his sophomore year to focus on developing Facebook, and he was later awarded an honorary degree in 2017.

Mark and Facebook

Mark Zuckerberg and his friend Dustin Moskovitz moved to Palo Alto, California, in the spring of 2004. They hired a small apartment, which they used as an office for their Facebook project.

The next summer, Zuckerberg met Peter Thiel, an angel investor who had agreed to invest in their Facebook project. Though the initial plan was that the group would return to Harvard, they later decided to remain in California.

Despite the fact that several corporations expressed interest in purchasing Facebook, such proposals were rejected. In April 2009, Zuckerberg sought advice on how to raise funds for Facebook from former Netscape CFO Peter Currie.

Zuckerberg stated on July 21, 2010, that Facebook has hit 500 million users. Today, Facebook has grown and become the world’s biggest social network. This expansion has made Mark Zuckerberg one of the world’s richest personalities.

Additional information about Facebook

In 2008, Peter Currie, who had previously served as the Chief Financial Officer of Netscape, joined the board of directors at Facebook.

Peter’s appointment was aimed at assisting the company in proactively preparing for an eventual initial public offering (IPO) on the New York Stock Exchange.

This IPO occurred in May 2012, and as of that time, it stands as one of the largest in history, generating an impressive $16 billion in funding for Facebook.

Moving forward to early 2018, a troubling incident unfolded: a data breach. Cambridge Analytica, without user consent, harvested the personal data of millions of Facebook users primarily for political advertising purposes.

Facebook’s IPO

On May 18, 2012, Facebook went public with an initial offering price of approximately $38 per share.
Mark Zuckerberg, the company’s founder, possessed 400 million shares of Facebook at that time. Consequently, following the IPO, his paper net worth reached approximately $15 billion.

Zuckerberg’s compensation

Remarkably, Mark Zuckerberg’s annual salary is just $1. This unconventional practice is not a mistake.
Many executives, including Zuckerberg, opt for minimal salaries to boost their company’s profitability.

By doing so, they enhance the overall value of their stock holdings, the true source of their wealth.
Other notable executives, such as Eric Schmidt, Larry Page, and Sergey Brin, also receive a token $1 salary.

Philanthropic endeavors

Mark Zuckerberg has pledged to donate 99 percent of his fortune over his lifetime.

In September 2017, he announced a proposal to sell a part of his stock on a monthly basis to support his organization, the Chan-Zuckerberg Initiative (CZI).

In 2018, these share sales generated proceeds totaling $5.3 billion, followed by $1.86 billion in Facebook share sales in 2019.

Legal matters

Zuckerberg faced legal troubles during his time at Harvard when Divya Narendra and the Winklevoss twins sued him, alleging that he misled them into believing he would assist in building their social network idea, HarvardConnection.com (later renamed ConnectU).

This legal battle ended in a settlement on June 25, 2008, which granted them 1.2 million common shares and $20 million in cash.

If they retained these shares, their current value would exceed $200 million, with some shares sold to invest in Bitcoin, making them Bitcoin billionaires.

In regards to the Facebook-Cambridge Analytica data breach, Zuckerberg testified before the US Senate Committee on Commerce, Science, and Transportation in April 2018. He discussed how Facebook handled users’ personal data.

He referred to the incident as a breach of trust involving Aleksandr Kogan, Cambridge Analytica, and Facebook.

Personal life

Mark Zuckerberg showcased his language abilities by claiming proficiency in French, Hebrew, Latin, and ancient Greek on his college applications.

Zuckerberg’s personal life took a significant turn when he met his future wife, Priscilla Chan, at a Harvard fraternity party during his sophomore year in 2003.

As their relationship developed, Chan, who was then a medical student at the University of California, moved into Zuckerberg’s Palo Alto residence in September 2010.

The pair wed in Zuckerberg’s garden on May 19, 2012, to mark her medical school graduation.

Maxima Chan Zuckerberg (“Max”), their daughter, was born on December 1, 2015, and August, their second daughter, was born on August 1, 2017. In March 2023, their third daughter, Aurelia, joined the family.

Philanthropy remains a central part of Zuckerberg and Chan’s lives, as they are both members of The Giving Pledge and actively support charitable initiatives through their foundation, the Chan Zuckerberg Initiative.

Their ultimate goal is to donate 99% of their Facebook shares to this initiative.

In 2022, Mark Zuckerberg ventured into mixed martial arts and Brazilian Jiu-Jitsu. He made headlines in May 2023 when he won both silver and gold medals at a BJJ tournament while competing as a white belt.

Additionally, in 2023, he pursued a pilot’s license, expanding his interests.

Real estate holdings

Mark Zuckerberg and Priscilla Chan possess an extensive portfolio of real estate and land holdings valued at around $200 million worldwide.

Notable properties include 1,400 acres in Hawaii, several homes in Palo Alto, and a San Francisco townhouse.

Their primary residence, a 5,000-square-foot Palo Alto home purchased in 2011 for $7 million, serves as the family’s main dwelling.

Surrounding properties were acquired, forming a private compound. Plans to demolish and rebuild some of these properties were met with resistance from city officials, leading to a revised plan for renovation.

In 2013, Zuckerberg acquired a 5,500-square-foot townhouse in San Francisco for $10 million, investing over $1.6 million in renovations, including substantial upgrades to the kitchen and one bathroom.

Continuing their real estate acquisitions, Zuckerberg purchased two properties in Kauai, Hawaii, for $100 million in 2014.

Later, in 2017, an additional 89 acres were acquired for over $45 million, expanding their presence to 1,400 acres by January 2022.

In 2018, Zuckerberg invested $59 million in two adjacent private waterfront estates on Lake Tahoe, owning 600 feet of Lake Tahoe’s private waterfront across the properties.

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