If you know anything about the internet and social media, then Mark Zuckerberg isn’t someone you are not supposed to know. Vastly celebrated for co-founding Facebook and serving as its chairman and CEO, Mark is one of the foremost technology entrepreneurs the world has ever seen. Creating Facebook, the American quickly rose to become one of the most influential and wealthiest people on earth, affording him the audacity to take part in various charitable causes which have seen him give away an unbelievable portion of his wealth.
To cite an instance, the Facebook founder and his wife parted ways with $25 million sometime in October 2014, they gave the money to assist the fight against the Ebola virus epidemic in West Africa. If you think that’s massive, he donated almost $1 billion ($990 million) to the Silicon Valley Community Foundation the previous year (2013). The $600 million he handed to Biohub in 2016 and the $100 million he donated to Newark Public school in 2010 are part of the reasons he’s regarded as one of the most generous philanthropists in America and indeed, the world at large.
Above all, Mark and his wife signed The Giving Pledge in 2017, validating their vow to give away 99% of their wealth to philanthropic causes. This begs for the question…
What’s Mark Zuckerberg Net Worth?
Since Mark and his wife first announced that they will be giving away almost all of their wealth to charitable causes, people have been keeping up with the value of Zuckerberg’s wealth at every point in time. If you are one of those, then you definitely know that the Facebook founder isn’t as wealthy as he once was.
After Facebook found it’s way to the New York Stock Exchange in May 2012, Mark Zuckerberg made as much as $9 billion every year, and this saw the total value of his wealth climb to over $86 billion until sometime in July 2018 when Facebook stock took a hit that left the CEO’s net worth nosediving by almost $20 billion. It was reported that he lost about $18.8 billion within two hours, reducing his fortune to a few billions over 60.
Marks’ wealth hasn’t been able to bounce back since then as Facebook has been involved in one controversy or the other that affects the performance of its stock. As at the time of this writing, Mark Zuckerberg’s net worth sits at $53.5 billion, leaving him at the 8th spot on Forbes’ list of world billionaires.
His Salary, House, and Cars
You imagined his salary would be some enormous amount huh? This is not so, the Facebook CEO and founder is his company’s least paid worker; he takes home a $1 salary yearly. This has been so since 2013 and Mark confirmed it in 2015, explaining that he has already made much wealth for himself.
Among other things, Mark Zuckerberg is admired for lacking the desire to show off his wealth and live a life of luxury. This is truer when it comes to clothes and cars. Thus far, he hasn’t been seen with any high-end car. His cars include a VW hatchback, a Honda Fit, and an Acura TSX. It is said that none of his cars is worth more than $30,000.
Nevertheless, the Facebook founder doesn’t mind spending big time on real estate. He purchased his San Francisco Bay home in California for $7 million way back in 2011. He later spent $30 million on purchasing four other houses nearby. Apart from this, he owns a 5,500-square-foot home in Mission District, San Francisco and properties he obtained for around $100 million at Kauai in 2014.
Even though Mark Zuckerberg dropped out of Harvard University, he is very much enlightened. He received his earliest formal education in an elementary school located in Dobbs Ferry, a village in New York which was where he was brought up. Mark later attended Ardsley High School but transferred to Phillips Exeter Academy, a private school located in Exeter, New Hampshire. After he graduated from the institution, Mark went to Harvard where he settled for computer science and psychology.
He got to hack Harvard’s database to create what he called FaceMash which eventually evolved to become Facebook. When Facebook gathered overwhelming popularity, Zuckerberg dropped out to focus on developing it. This was before his junior year. Meanwhile, he was given an honorary degree from Harvard sometime in May 2017.
Mark Zuckerberg’s Wife and Family
It is no secret that the Mark has been a husband to Priscilla Chan since 2012. The Facebook founder born on the 14th of May 1984 is only a few months older than the love of his life. Priscilla was born on the 24th of February and in the year 1985. Her place of birth was in Braintree, Massachusetts, U.S. even though she’s Chinese by descent. The American pediatrician met Mark in Harvard at a party. They became friends, blossomed into lovers, and eventually became life partners on May 19, 2012.
Their union has been blessed with two daughters thus far. They welcomed the first (Maxima) in November 2015 and her sister (August) in August 2017. Mark isn’t the only child of his parents (Edward and Karen Zuckerberg); he’s a brother to three sisters – Donna, Arielle, and Randi.