Are you interested in knowing about the youngest billionaire Meta CEO Mark Zuckerberg net worth? Then, continue the reading to get the details about his fortune and philanthropy.
Zuckerberg is an American technology entrepreneur and philanthropist with a net worth of $35.2 billion. He has ranked greatly in the last decade as one of the world’s richest people. Mark is the youngest of the top 100 richest people in the world. He’s the youngest by over a decennary, Out of the top 30.
Perhaps not surprisingly, most of Mark’s fortune is referable to his shares on Facebook. Mark now owns around 400 million total shares of Facebook, broken up into various classes with different voting privileges.
He holds about $12 million Class A shares of Facebook and $365 million of Class B shares, roughly 81% of all the B shares. Mark has 53% voting rights over the company through those Class B super-voting shares. Technically, Mark also controls co-founder Dustin Moskovitz’s Class B voting rights, so Mark has roughly 58% of the company’s overall voting power. Hence, let’s move to the next section to learn about his professional career.
“The biggest risk is not taking any risk.”
Profile
| Name | Mark Elliot Zuckerberg |
| D.O.B | May 14, 1984 |
| Place of birth | White Plains, New York |
| Residence | Palo Alto, California |
| Age | 38 years |
| Zodiac sign | Taurus |
| Height | 5 ft 8 |
| Weight | 154 lbs |
| Profession | Programmer, Entrepreneur, Businessman |
| Net Worth | $35.2 Billion |
| Marital Status | Married (Priscilla Chan) |
| Children | Maxima Chan ZuckerbergAugust |
Early Life & Education
Meta CEO Mark Zuckerberg’s father, Edward, is a dentist, while his mother, Karen, is a psychiatrist. He has three siblings, Randi, Donna, and Arielle. Zuckerberg and his sisters rose in Dobbs Ferry, New York, Westchester County. At 12, he made his Bar Mitzvah; it was “Star Wars” themed.
In middle school, Zuckerberg began using computers and writing software. In the 90s, his father taught him BASIC Programming and later hired software developer David Newman to teach him privately.
For his junior years, he enrolled in Ardsley High School. He attended Phillips Exeter Academy for his junior and senior years, where he did extremely well academically and was triumphant in prizes in physics, math, astronomy, and classical studies.
Zuckerberg was also the leader of Phillip Exeter Academy’s fencing group. He took a graduate-level course at Mercy College in BASIC in high school.
He also made a software program named “ZuckNet” that connected all the computers in Zuckerberg’s home with the ones in his dad’s dental practice. It is much similar to AOL’s instant messenger, which is launched in the same year of ZuckNet.
In high school, Zuckerberg also made a music player named the Synapse Media Player. The media player learned the user’s listening behaviors. AOL tried to acquire Synapse and hire Zuckerberg. Microsoft also bid numerous million dollars for Synapse and tried to hire Zuckerberg. He decided not to sell and enrolled at Harvard in the fall of 2002.
Harvard Life
By the time he enrolled at Harvard, Zuckerberg had a reputation as a programming sensation. He got an education in psychology and computer science. He was a part of the Alpha Epsilon Pi fraternity and Kirkland house. In his sophomore year, he codes the program CourseMatch.
Users could make class choices based on the choices of other students with shaped study groups. After then, he formed Facemash, which lets users choose the best-looking person from a group of photos. The website so besieged Harvard’s servers the first weekend it was a life that the university shut it down. Zuckerberg dropped out of Harvard in his junior year to work on Facebook. He got an honorary degree in 2017.
Launch of Facebook
In January 2004, Zuckerberg started writing code for a new website at Harvard the same semester. On February 4, 2004, at the age of 19, Zuckerberg introduced “Thefacebook,” originally located at thefacebook.com, from his Harvard dorm room with classmates Dustin Moskovitz, Chris Hughes, and Eduardo Saverin. Zuckerberg met Peter Thiel over the summer, who invested in the business.
Primarily, the team thought of returning to Harvard but decided to linger in California. They had already denied the offers by major firms to purchase the company. In April 2009, Zuckerberg hunted the advice of former Netscape CFO Peter Currie about financing tactics for Facebook.
On July 21, 2010, Zuckerberg reported that the company reached the 500 million-user mark. Today, Facebook is a huge social network that has made Mark Zuckerberg one of the richest men in the world.
Facebook IPO
On May 18, 2012, the Facebook company sold shares IPO (Initial Public Offering) at approximately $38 a share in the biggest technology IPO in history. Mark possesses 400 million shares on Facebook. At the IPO, he finished the day with drawls of around $15 billion.
Other Projects
In August 2004, Zuckerberg, Andrew McCollum, Adam D’Angelo, and Sean Parker introduced a competing peer2peer file sharing service called Wirehog, a precursor to Facebook Platform applications, which was initiated in 2007.
In 2013, Zuckerberg started Internet.org, which he illustrated as an idea to provide Internet access to five billion people without it as the launch date. The project faced major opposition in India, where users said its limited internet ran counter to the principle of net impartiality.
In response, Zuckerberg said that a limited internet was better than no internet. In February 2016, Internet.org was shut down in India, even though Zuckerberg later met with Narendra Modi to discuss further possibilities.
Zuckerberg is also a board member of the solar sail spacecraft expansion project Breakthrough Starshot, which he co-founded in 2016.
Net worth
Meta reported earnings on Wednesday evening that fell short of analysts’ prospects, with multiple Wall Street analysts issuing lowers. The company faces increasing competition from other social media platforms like TikTok, as well as uncertainty about its investment in the Metaverse, a virtual world environment that Zuckerberg has said, represents the future of the internet.
According to Bloomberg Billionaires Index, Mark goes down due to wealth loss from the world’s third richest person to #29 with $35.2 billion.
However, Mark Zuckerberg’s salary is $1 per year; that is not a misprint. Many executives like Zuckerberg prefer to pay themselves low salaries to increase the company’s profits to the best possible. When the business capitalizes on profits, it increases the total value of its stock holdings, where the executive’s true assets come from. Such Executives are Eric Schmidt, Larry Page, and Sergey Brin, each earning only $1 yearly!
On August 7, 2020, Zuckerberg assets topped $100 billion for the first time. His net worth will touch the sky at $137 billion by 2021, making him the third richest person globally.
Mark Zuckerberg Net worth 2022
On January 1, 2022, his drawls were $126 billion. Sadly, over the next several months, Mark’s capital fell as Facebook’s stock price dropped 70% from around $340 a share to $100.
His asset was set at $65 billion in overdue April, down $60 billion from premature January. Till October, his with drawl placed at $37 billion, a $100 billion drop from the previous year and an $89 billion from January 1. No other billionaire had lost that much money in the same period.
Mark Zuckerberg Real Estate
Meta CEO Mark Zuckerberg and Chan hold about $200 million value of the real estate and land worldwide. Their most noteworthy landed property assets include 1,400 acres in Hawaii, several Palo Alto homes, and a San Francisco townhouse.
In 2011, Mark Zuckerberg’s main home where he and his family lived was a modest 5,000 sq ft home in Palo Alto, which he bought for $7 million. Although, he also possesses the homes that enclose this “modest” home, crafting a private compound.
In 2012, Zuckerberg bought the four surrounding properties to his home. In 2014, Zuckerberg bought two properties, one in Kauai and another in Hawaii, for $100 million. These properties extend 750 acres across a lonely stretch of a Hawaiian beach.
In 2017, he acquired one more 89 acres close by for more than $45 million. In 2018, Zuckerberg dropped $59 million on Lake Tahoe’s two closest private waterfront estates. Zuckerberg holds 600 feet of Lake Tahoe’s private waterfront between the two properties. In January 2022, he purchased 100 acres; by this point, his path in Kauai spanned 1,400 acres.
Philanthropy & Chan-Zuckerberg Initiative Foundation
Meta CEO Mark Zuckerberg has pledged to donate most of his wealth to charity. In September 2010, he contributed $100 million of Facebook shares to the Newark, New Jersey, public school system. He has also bestowed $36 million in shares to the Silicon Valley Community Foundation. The same day, Zuckerberg announced plans to give away 99% of his stock in the social network during his lifetime to advance philanthropic causes.
According to December 2005 SEC filing, He plans to give away 99% of his shares over his life. Zuckerberg began selling shares in August 2016 to fund his philanthropy, and in Bloomberg’s calculation, he isn’t credited with the value of any sales proceeds that fund charitable work.
In September 2017, he announced a plan to frequently put up for sale of portions of his shares to subsidize his foundation, the Chan-Zuckerberg Initiative (CZI). His 2018 share sales produced $5.3 billion worth of proceeds. In 2019 he sold $1.86 billion worth of Facebook shares.
Law Suit
By December 2004, Facebook’s association was impending 1 million users. With the augmentation of Facebook, a lot of legal issues also arose. Initially, the co-founder Eduardo Saverin, who was cut from the company in the summer of 2004 along with Divya Narendra and the twins Tyler and Cameron Winklevoss, took legal action against Zuckerberg for purportedly stealing the idea behind Facebook.
They filed a court case in 2004, but it was discharged on a technicality on March 28, 2007. The case was re-filed shortly after that in federal court in Boston.
Facebook countersued vis-à-vis Social Butterfly, a project by The Winklevoss Chang Group, an alleged partnership between ConnectU and i2hub. However, the case was completed on June 25, 2008, and Facebook agreed to transfer over 1.2 million common shares and reimburse $20 million in cash.
In November 2007, confidential court documents were posted on the website of 02138, a magazine provided to Harvard alums. They contained Zuckerberg’s Social Security number, his parent’s home address, and his girlfriend’s address. Facebook filed to have the documents removed; the judge ruled in support of 02138.
In November 2011, Facebook reached a 20-year agreement with the Federal Trade Commission to resolve complaints about violating user privacy. On May 17, 2012, the company sold shares in an Initial Public Offering (IPO) on the New York Stock Exchange. It was, at that time, the biggest technology IPO in history.
The Social Network
Zuckerberg expressed himself on an episode of The Simpsons titled “Loan-a Lisa,” which first aired on October 3, 2010. In that episode, Lisa Simpson and her friend Nelson bump into Zuckerberg at an entrepreneur’s conference. Zuckerberg tells Lisa that she does not need to graduate from college to be outrageously successful, referencing Bill Gates and Richard Branson as examples.
On October 9, 2010, Saturday Night Live satirically Zuckerberg and Facebook. Andy Samberg played Zuckerberg. The real Zuckerberg was reported amused: “I thought this was funny.”
Stephen Colbert awarded a “Medal of Fear” to Zuckerberg at the Rally to Restore Sanity or Fear on October 30, 2010, “because he values his privacy much more than he values yours.”
Zuckerberg also appears in the climax of the documentary film Terms and Conditions May Apply. Mark was lampooned in the South Park episode “Franchise Prequel.”
On December 7, 2018, Epic Rap Battles of History launched a rap battle video between Zuckerberg and Elon Musk.