Mark Zuckerberg Net Worth

The CEO and Chairman of Meta’s Mark Zuckerberg net worth. He is one of the wealthiest individuals in the world.

What is Mark Zuckerberg Net Worth?

With a net worth of $120 billion, Mark Zuckerberg is an American technology entrepreneur and philanthropist. He has spent most of the last decade as one of the richest people in the world. Among the top 100 richest individuals globally, Mark is the youngest. Within the top 30, he has been the youngest for over a decade. Not surprisingly, a significant portion of Mark’s wealth comes from his shares on Facebook. At present, Mark holds around 400 million shares of Facebook, which are divided into different classes with varying voting rights. He owns approximately 12 million Class A shares and 365 million Class B shares, which account for nearly 81% of all Class B shares. Through these Class B super-voting shares, Mark holds 53% of the voting power in the company. Technically, Mark also controls Dustin Moskovitz’s Class B voting rights, making him control approximately 58% of the company’s total voting power.

Milestone of Wealth

On August 7, 2020, Mark Zuckerberg’s total net worth surpassed $100 billion for the first time. By the end of 2021, his total wealth reached $137 billion, making him the third-richest person on the planet. On January 1, 2022, his wealth stood at $126 billion, ranking him as the fifth-richest person in the world.
Unfortunately, in the following months, Mark’s fortune took a hit as the value of Facebook shares dropped from approximately $340 per share to $100 per share, a 70% decline.
By the end of April, his total wealth had reduced to $65 billion, $60 billion less than at the start of the year. By the end of October, his total wealth was $37 billion, $100 billion less than a year before and $89 billion less than January 1. No other billionaire in the world lost as much money during this period. As a result of this wealth erosion, Mark slipped from being the third-richest person to #30.

Mark Zuckerberg’s Early Career

Mark Zuckerberg showed significant interest and skill in coding and computer programming at a young age. He enrolled at Harvard University in 2002. There, he developed the “CourseMatch” program, which allowed students to select their courses based on their peers’ course choices.

From his Harvard dorm room, Zuckerberg introduced “Facebook” in February 2004. Originally designed as a special social networking platform for Harvard students, it quickly gained popularity within the university community. Recognizing its expansion potential, Zuckerberg sought the help of his college roommates to develop and make it available to other universities.

Facebook expanded to other Ivy League schools and gradually opened its doors to the United States and eventually universities worldwide. As the user base rapidly grew, Zuckerberg shifted his focus to the platform’s development and management and dropped out of Harvard in his second year, officially renaming it to Facebook in August 2005.

By 2007, Facebook had become a global phenomenon, attracting millions of users and catching the attention of major investors. Today, it is the largest social media platform with the largest user base.

Mark Zuckerberg, along with Moskovitz and a few friends, moved to Palo Alto, California, where they rented a small house in the spring of 2004, which served as Facebook’s office. During the summer, Zuckerberg met Peter Thiel, who had invested in the company. Initially, the group planned to return to Harvard, but they decided to stay in California. Zuckerberg had previously rejected proposals from leading firms to buy the company. In April 2009, he sought advice on funding strategies from former Netscape CFO Peter Currie. On July 21, 2010, Zuckerberg announced that the company had reached 500 million users. Today, Facebook is a massive social network that has made Mark Zuckerberg one of the world’s wealthiest individuals.

Personal Life:

Mark Zuckerberg mentioned that when he applied to college, he could read and write in French, Hebrew, Latin, and ancient Greek.

During his second year at Harvard, Zuckerberg met his future wife and fellow student, Priscilla Chan, at a fraternity party in 2003. They started dating.

In September 2010, Zuckerberg invited Chan to live with him in a rental house in Palo Alto, where she was a medical student at the time. On May 19, 2012, Zuckerberg and Chan got married in a backyard ceremony at Zuckerberg’s house, which also celebrated Chan’s graduation from medical school. On December 1, 2015, Zuckerberg announced the birth of their daughter, Maxima Chan Zuckerberg (“Max”). In August 2017, they welcomed their second daughter, August. In March 2023, the couple welcomed their third daughter, Aurelia.

Zuckerberg and Chan are members of The Giving Pledge and are actively philanthropic through their foundation, the Chan Zuckerberg Initiative. The couple intends to donate 99% of their Facebook shares to this cause.

In 2022, Zuckerberg adopted Mixed Martial Arts and Brazilian Jiu-Jitsu. In May 2023, while competing in the BJJ Tournament, he won both silver and gold medals in GI and NO-GI categories. Additionally, in 2023, it was reported that Zuckerberg was undergoing training to obtain his pilot’s license.

Ownership of Cars:

• Pagani Huayra
• Infinity G25
• Volkswagen Golf MK6 GTI
• Acura TSX
• Honda Fit

Real Estate:

Zuckerberg and Chan own approximately 200 million dollars worth of real estate and land around the world. A townhouse in San Francisco, multiple homes in Palo Alto, and 1,400 acres in Hawaii are just a few of their significant assets.

Their main residence, where they live with their family, is a 5,000-square-foot modest home in Palo Alto, which Zuckerberg purchased for $7 million in 2011. However, they also own the surrounding properties, creating a compound around this “modest” home. In 2012, Zuckerberg began acquiring the properties around his home. In total, he spent over $43 million acquiring properties around it. He then planned to demolish them and construct single-story homes. However, city officials rejected his plans, so he submitted a new plan to renovate two of the properties into single-story homes.

In 2013, Zuckerberg paid $10 million for a 5,500-square-foot townhouse in San Francisco. The house, built-in 1928, sits on a 9,800 square-foot lot with 70 feet of frontage on a sidewalk. He spent over $1.6 million on renovations, including reportedly $65,000 on the renovation of the kitchen and one bathroom.

In 2014, Zuckerberg purchased two properties in Kauai, Hawaii, for over $100 million. These properties spread across a separate portion of the Hawaiian coastline, encompassing up to 750 acres.

In 2017, Zuckerberg spent over $45 million to acquire an additional 89 acres of land nearby. By January 2022, his Kauai holdings had expanded to 1,400 acres.

In 2018, Zuckerberg spent $59 million on two adjacent private waterfront properties near Lake Tahoe. Zuckerberg has 600 feet of private lakeshore between the two homes.

Please note that the information above is based on previous data available up to September 2021 and may be subject to change over time.

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