Wondering how much is the net worth of Mark Zuckerberg? Read further to know about his net worth, assets, career timeline, and a lot more.
Mark Zuckerberg is one of the youngest names in the list of world’s richest billionaires.
Forbes ranks Mr. Zuckerberg in fifth place among the world’s real-time billionaire’s list next to Bernard Arnault, Jeff Bezos, Elon Musk, and Bill Gates. Compared with the top 100 richest persons in the world, Mark Zuckerberg is the youngest.
Among the top 30 wealthiest persons, he is the youngest one by about ten years. What made Mark Zuckerberg amass such a huge wealth at a very young age is an interesting and inspiring story.
Aged 37 years in 2021, Mark was born on May 14, 1984. The self-made entrepreneur found a way to succeed through his skills as a programmer, entrepreneur, and businessman.
How much is the net worth of Mark Zuckerberg?
Mark Zuckerberg is one of the youngest billionaires in the world with a net worth of 120.1 Billion.
How Much Is Mark Zuckerberg Net Worth?
|May 14, 1984 (37 years old)
|Programmer, Entrepreneur, Businessperson
|United States of America
A man of great wealth and third-richest person on this earth is Mark Zuckerberg who is the youngest one of all of the wealthiest persons in the world. Mark Zuckerberg’s Net worth is $75.3 Billion USD. An American technology businessperson and contributor with having a net worth of $75.3billion dollars is Mark Zuckerberg. By more than 10 years, he is the youngest one out of the top 30.
The number one social media platform is Facebook, Mark is the creator and CEO. This is fast growing network used by millions of people. As discussing about his prosperity, not astonishingly is due to his huge majority shares in Facebook.
Until now, this amazing and wealthiest personality owns around 400 million of the total shares of Facebook; various classes are broken up that have voting privileges of different kinds.
There are different classes of shares of Facebook and he owns about 12 million Class A shares and 365 million Class B shares of Facebook, this is about 81% of all the B shares. On August 7, 2020, the net worth of Mark topped $100 billion for the first time.
Early Life and Biography
On May 14, 1984, the birth of Mark Elliot Zuckerberg took place in White Plains, New York in the United States of America. The family to which he belongs in the family of doctors. The father of Mark is a dentist while his mother is a psychiatrist.
Moreover, he is not the only child of his parent but also has three sisters. In Dobbs Ferry, New York that is a small village in Westchester County, Mark along with his three sisters, Randi, Donna, and Arielle was brought up. At 12, when he made his Bar Mitzvah “Star Wars” was themed at that time.
When he was at middle school, Zuckerberg started using computers and writing software. In the 1990s, his father taught him BASIC Programming, and later David Newman was hired who was a software developer to teach him privately.
At the start, for his freshman and sophomore years of him, Mark Zuckerberg joined Ardsley High School. Then he attended Phillips Exeter Academy for his junior and senior years, where he was very brilliant in studies academically. Moreover, Mark won prizes in physics, math, astronomy, and classical studies.
In the Phillip Exeter Academy, he was head of the palisade squad. At Mercy College, he started a graduate course in BASIC. A software program known as “ZuckNet” was created by him and it had many functions like connecting all the computers with those in his dad’s dental rehearsal in the Zuckerbergs’ home.
A famous music player that he called the Synapse Media Player was also made by Mark at his high school time. Many big and famous companies such as AOL and also Microsoft tried their best and offered many million dollars in order to buy synapse and to hire Mark. However, he enrolled himself at Harvard and did not sell synapse in the fall of 2002.
Mark Zuckerberg Social Network
This richest personality started his profession by launching Facebook from his Harvard residence apartment on February 4, 2004. Originally, Mark launched the Facebook by name “Thefacebook” located at thefacebook.com with his fellows were Dustin Moskovitz, Chris Hughes, and Eduardo Saverin.
The school from which Mark completed his graduation degree in year 2002 called Phillips Exeter Academy gave the principal stimulus for Facebook. At the start, this very fast and vast growing social media network was only used and available for those members who belonged to Harvard.
The former Netscape CFO Peter Currie gave the advice to Mark about financing strategies for Facebook in April 2009. However, as time passed Facebook was spread to many other schools and colleges. It began with Columbia University than many other universities such as New York University, Stanford, Dartmouth, Cornell, University of Pennsylvania, Brown, and Yale.
When this happened the attractiveness of Facebook started to rise and on July 21, 2010, this site became popular among millions of people, went global reaching 500 million users. The team grew considerably, and the office was transferred from Harvard to California.
Facebook now become a hub for billions of people to contact their friends everywhere in the world, and also this is considered as one of the biggest sources of news on internet. A data crack occurred in the start of 2018 where millions of people’s personal data was collected by Facebook without agreement by Cambridge Analytica that used it chiefly for political publicity.
The largest leak in history of Facebook occurred after this data crash. This made Mark Zuckerberg to affirm it before Parliament and to ensure the users that their data should be safe and was only in hands of Facebook. In 2020, the net worth of Mark Zuckerberg reached up to $98 billion. The wealthiest personalities like Bill Gates and Jeff Bezos, he is rapidly catching up them.
Personal Life and Real Estate
It was stated by Mark that he could read and write French, Hebrew, Latin, and ancient Greek at the time when he used to fill his college applications. One day, during his early years at Harvard he met with a very pretty girl and also she was his fellow student named Priscilla Chan at a community party.
In 2003, they started to date and fell in love. At his rented Palo Alto house, Zuckerberg invited Chan in September 2010. This beautiful couple tied a marriage knot on May 19, 2012 in Zuckerberg’s backyard. He also celebrated his wife’s graduation from medical university in the same event.
A beautiful daughter ‘Maxima Chan Zuckerberg’ was born on December 1, 2015, and was announced by Mark. In August 2017, they were bestowed by the second daughter ‘August’.
Through their foundation that is the Chan Zuckerberg Initiative, they also own the membership of The Giving Pledge and active humanitarians. 99% of their Facebook shares are donated ultimately by the couple to the Initiative.
The real estate and land, Zuckerberg and Chan own roughly of about $200 million worth. The most notable assets of them include 700 acres in Hawaii, and a townhouse in San Francisco and several households in Palo Alto.
Net Worth of Mark Zuckerberg: Quick Summary
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Net Worth of Mark Zuckerberg
According to Forbes, the net worth of Mark Zuckerberg in 2021 is $120.1B. Business Insider says Mark’s net worth is greater than the combined GDP of Jordan, Nicaragua, and Jamaica.
The biggest part of Mark’s wealth occurs in the form of Facebook shares. Notably, he has 13% of stake in this company which he founded in 2004.
Zuckerberg’s net worth witnessed a sharp surge when Facebook went public in 2012, eight years after its founding.
The biggest peak of his wealth happened during the second quarter of 2020 when Facebook launched an app called Reels similar to TikTok on August 5, 2020.
On the same day, Donald Trump, the US President ordered for blocking TikTok if the Chinese owner did not sell the app to a US company within a month and a half.
The announcement and the launching of Reels app by Facebook resulted in a 30% increase in Mark Zuckerberg’s net worth by adding $22 billion to his fortune when the value of Facebook’s shares gained immensely.
Also, in 2021 Facebook said while announcing its second quarter earnings in 2020 that the corona pandemic had in fact benefited the company with hundreds of millions of people around the world staying indoors and using Facebook more than ever.
How Mark Zuckerberg’s Net Worth Grew Over the Last Five Years
Mark Zuckerberg’s Average Earnings Over Six Years
Mark Zuckerberg’s Career Timeline
Mark Zuckerberg rose to success within a short span of time. Not before 1995 did he start computer programming.
His sharp acumen to invest in the power of internet technology to create a social media platform resulted in Facebook that changed the way people stay connected and share information.
What started as a fun and casual exercise for him resulted in a huge online empire that helped him build a massive wealth over a short time.
1995: He starts computer programming with very little idea on how to move his talents forward to make a career out of this technology.
1999: Mark launches his first company
2002: Enters the Harvard University to pursue his studies
2004: Creates Facebook amidst his studies in his dorm room
2004: Quits his studies to become a full time technology entrepreneur
2007: Mark Zuckerberg is named as the youngest billionaire in the world
2010: A movie titled ‘The Social Network’ is made on Mark’s life directed by Director David Fincher. Conceived as a biographical drama, the movie traces how a Harvard dropout becomes an internet technology superstar.
2010: Facebook records 500 million registered users
2018: Facebook faces charges of compromising the personal data of millions of users for political advertising, known as the largest compromise in the history of Facebook.
2020: Mark Zuckerberg’s net worth shoots up to touch $100 billion.
Mark Zuckerberg’s Salary from Facebook
Facebook CEO is one of the highest paid members of the company. Here are a few snippets of his earnings from Facebook in different years.
In the first half of 2011, Mark Zuckerberg got a sum of $220,500 as a bonus. The company also compensated its CEO under several heads including the costs of his chartered travels, security, and others totaling $783,529.
The total spend Facebook did on its CEO in 2011 stood at $1,487,362. This figure does not include his substantial stake in the firm.
According to Forbes, Mark Zuckerberg earned about $770,000 in 2012 through his salary, bonuses and other spending.
Towards the end of 2012, he announced that his basic annual salary from Facebook will be slashed to $1 with effect from January 1, 2013. This decision followed his stand that his financial success would depend on the company‘s success.
After this announcement, Mark Zuckerberg was only receiving $1 as salary per year. Nevertheless, Facebook has been bearing all his expenses along with those of his guests.
For the year 2018, his personal security costs stood at $9.96 million while his private aircraft spending was $2.6 million, as per the data found in the SEC filing of the company.
Facebook spent more than $23.4 million in fiscal year 2019 towards its CEO’s expenses. Despite making such a huge income from the company, estimates show his earnings are only 94 times more than the average employee in Facebook.
Mark Zuckerberg’s Salary Per Day
Estimates published by the Celeb Answers show that Zuckerberg makes from 6 to 12 million dollars per day. This will work out to over 3 billion dollars as yearly income.
As per some earlier calculations made by Business Insider, Zuckerbherg earned about $1.7 million an hour in 2018.
The Social Security Administration says in less than an hour and a half, Mark Zuckerberg earns what an average American graduate can earn in his lifetime, namely $ 2.2 million.
Business Insider reports in less than 2 minutes, he earns $48,328, which a median US worker will earn by working full-time in a year.
Mark Zuckerberg as a Philanthropist
Mark Zuckerberg is one of the wealthiest individuals the world has seen. One good thing about his wealth is that he and his wife together share the intention of dedicating the majority of their wealth to philanthropy.
In 2010, Zuckerberg signed the Giving Pledge initiated by Bill Gates and Warren Buffett. This concept invites wealthy people to dedicate a majority of their riches to charitable causes.
Zuckerberg and his wife, Priscilla Chan got their first child, Max in November 2015. In a letter addressed to his daughter, Zuckerberg had conveyed all his philanthropic intentions.
Introducing what is known as ‘Chan Zuckerberg Initiative’, their charitable mission focuses on some noble causes including promoting personalized learning opportunities, eradicating deadly diseases from the face of the earth and connecting people.
The couple had their second child in August 2017 who they named as August.
Mark Zuckerberg’s Spendings on Real Estate and Cars
The combined value of the real estate properties Zuckerberg and Chan own is estimated at $200 million. Some of their notable properties include 700 acres in Hawaii, many houses in Palo Alto, and a townhouse located in San Francisco.
Mark Zuckerberg lives with his family in a 5,000 square foot home in Palo Alto, which he bought for $7 million in 2011. In 2012, he acquired four properties surrounding his home paying $43 million.
In 2016, the city officials rejected his plan to demolish these properties and build new ones.
Hence he got another plan approved to renovate two of the homes and rebuild the other two properties as single story homes. Which was intended to create a compound kind of structure.
In 2013, Mark spent $10 million on a 5,500 square foot townhouse property deal in San Francisco.
The property was constructed in 1928 located on a 9,800 square foot piece of land with a frontage of 70 feet dedicated as sidewalk. This house was renovated for $1.6 million. The kitchen and bathroom remodeling alone was estimated at $65,000.
In 2014, Mark purchased two properties located in Hawaii’s Kauai paying out $100 million.
These properties span over an area of 750 acres in an isolated region of a Hawaii beach. In 2017, he bought another 89 acres of adjacent property paying over $45 million.
In 2018, he spent $59 million to buy two private waterfront estates located on Lake Tahoe. In between these two properties, Mark owns a 600 feet long private waterfront of Lake Tahoe.
His collection of cars include Acura TSX, Honda Fit, Pagani Huayra and VW Golf GTI.
Zuckerberg’s Spendings on Clothes
Zuckerberg always spends modestly on his dress. His typical outfit to work includes grey T-shirts and hoodies with jeans.
Though they appear simple, they are quite expensive as they are specially made for him by luxury brands.
At times, he has said he prefers such a simple dress since he wishes to have few decisions to make about his dress so that he can dedicate his focus on helping the community.
Business Insider says that his tees are specially designed by Brunello Cucinelli costing from $300 to $400 each.