#5 Mark Zuckerberg Net Worth | Top 10 Richest Person In The World

Net Worth: $135 Billion

Salary: $1 Dollar Per Year

Date of Birth: May 14, 1984 (37 years old)

Gender: Male

Height: 5 ft 8 in (1.75 m)

Profession: Programmer, Entrepreneur, Businessperson

Nationality: United States of America

Last Updated: 2021

Mark Zuckerberg net worth and salary:

Zuckerberg’s net worth is $135 billion dollars. He is an American tech entrepreneur and philanthropist. Mark is the youngest of the top 100 richest people in the world.

It’s perhaps not surprising that Mark’s fortune is largely based on his Facebook shares. There are approximately 400 million total shares that Mark owns in total, broken down into classes with different voting privileges. It is estimated that he owns approximately 12 million Class A shares of Facebook and 365 million Class B shares, approximately 81% of all the Class B shares. By having these Class B super-voting shares, Mark has 53% of the voting rights in the company. Including Dustin Moskovitz’s Class B voting rights, Mark controls 58% of the company’s vote. On August 7, 2020, Zuckerberg’s net worth exceeded $100 billion for the first time.

KEY FACTS:

  • On February 4, 2004, he founded thefacebook.com from his Harvard dorm room.
  • In his second year at Harvard, he dropped out.
  • When he was 22 years old, he rejected a $1 billion cash buyout offer from Yahoo.
  • FB’s IPO day net worth was $15b in May 2012.
  • A large shareholder in Facebook with approximately 400 million shares.
  • Holds 58% of the total voting power of Facebook equity.
  • Zuckerberg’s net worth exceeded $100 billion for the first time on August 7, 2020.
  • In his lifetime, he has committed to giving away 99% of his wealth.
  • Facebook was created in this Harvard dorm room on February 4, 2004. A $200 million value is estimated for the property.
  • Purchased four houses around his Palo Alto home for $43 million.
  • On the Hawaiian island of Kauai, the company paid $145 million for around 840 acres.

Early Life:

On May 14, 1984, Mark Elliot Zuckerberg was born in White Plains, New York. Dr. Edward Horton is his father and Dr. Karen Horton is his mother. Arielle, Randi, and Donna are his three sisters. Originally from Dobbs Ferry in Westchester County, New York, Mark grew up with his sisters. At 12, he had a “Star Wars” themed Bar Mitzvah.

Middle school was the first time Zuckerberg used computers and wrote the software. He was first taught BASIC Programming by his father in the 1990s but later hired David Newman to tutor him privately.

From his freshman to his sophomore years, Zuckerberg attended Ardsley High School. He attended Phillips Exeter Academy in his junior and senior years and excelled academically. He won prizes in physics, math, astronomy, and classical studies.

A member of the fencing team at Phillip Exeter Academy, he was its captain. In high school, he studied BASIC at Mercy College. Additionally, he developed a computer linking program called “ZuckNet” that connected the computers in his family’s home with those at his dad’s dental practice.

A music player he created in high school was known as the Synapse Media Player. Media players can learn the listening habits of their users. AOL tried to hire Zuckerberg and acquire Synapse. A Microsoft bid for Synapse of several million dollars and it also tried to hire Zuckerberg. In the fall of 2002, he enrolled at Harvard and did not sell his stock.

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Facebook:

A small house in Palo Alto, California, was leased by Zuckerberg, Moskovitz, and a few of their friends in April 2004, which served as the official office for Facebook.  Peter Thiel invested in the company during the summer when Zuckerberg met him. After originally aiming to return to Harvard, the group decided to stay in California.

Major corporations had already turned down offers to purchase the company. According to Zuckerberg, the company reached 500 million users on July 21, 2010. Facebook, today, is an enormous social network that has made Mark Zuckerberg one of the world’s richest people.

Salary:

The annual salary of Mark Zuckerberg is $1. Several executives, such as Zuckerberg, pay themselves low salaries in an effort to maximize the profits of the company. By maximizing profits for the company, it increases its stock price, thereby increasing its wealth. The salaries of executives like Eric Schmidt, Larry Page, and Sergey Brin are only $1 per year!

Legal Issues:

Divya Narendra, Cameron Winklevoss, and Tyler Winklevoss filed a lawsuit against Mark Zuckerberg alleging he intended to help them build HarvardConnection.com, a social network that later became ConnectU. Several lawsuits followed.

On June 25, 2008, a settlement was reached, resulting in 1.2 million common shares being awarded to the plaintiffs along with $20 million in cash. In comparison, their value today is near $200 million if still owned. The Winklevoss brothers sold a portion of those shares to fund investments in Bitcoin. In December 2017, they had a combined cryptocurrency asset value of over $1 billion.

Personal Life:

Zuckerberg listed his reading and writing abilities as French, Hebrew, Latin, and ancient Greek when he applied for college.

During his sophomore year at Harvard, Zuckerberg and his future wife Priscilla Chan met at a fraternity party. Their relationship began in 2003. During a wedding celebration in her backyard that also celebrated her medical school graduation, Zuckerberg and Chan tied the knot on May 19, 2012. Zuckerberg announced on December 1, 2015, the birth of their daughter Maxima Chan Zuckerberg (“Max”). August is their second child. She was born in August 2017.

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Citation Information :

Article Title:  Mark Zuckerberg net worth

Author:   odishapaper.com Editors

Website Name: odishapaper.com

URL: https://odishapaper.com/

Access Date: September 24, 2021

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