Mark Zuckerberg Net Worth | TheRichest

Mark Zuckerberg

Quick Links

• Earnings & Financial Data

Mark Zuckerberg is an American entrepreneur, philanthropist, founder, and CEO of Facebook, the most popular social network worldwide with 2.8 billion monthly active users. He has an estimated net worth of $101 billion as of March 2021, which makes him the world's third centi-billionaire.

Zuckerberg was born on May 14, 1984, in White Plains, New York, United States. His parents are Edward Zuckerberg, a dentist, and Karen Kempner, a psychiatrist. He has three sisters, Randi, Donna, and Arielle. Zuckerberg is married to his longtime girlfriend, Priscilla Chan, who he met at Harvard. In December 2015, Zuckerberg announced the birth of their first daughter, Maxima Chan Zuckerberg. Their second daughter, August, was born in August 2017.

Zuckerberg started Facebook in 2004 when he was a student at Harvard with classmates Dustin Moskovitz, Chris Hughes, Eduardo Saverin, and Andrew McCollum. When the platform expanded to other universities, he dropped out of college and moved to Silicon Valley. In 2008, Zuckerberg became the youngest self-made billionaire. He took Facebook public in May 2012 and as of February 2021, he owns almost 13% of the shares, equivalent to approximately $94 billion, which constitute most of his fortune. The last published data regarding Zuckerberg’s compensation informs that he received $23,415,973 during 2019 due to his work at Facebook and that he had won $22,554,543 the previous year.

Zuckerberg founded the non-profits Startup: Education in September 2010, FWD.us (immigration and criminal justice) in April 2013, Internet.org (connectivity in undeveloped countries) in August 2013, Chan Zuckerberg Initiative (venture investments and grants) in December 2015, and Chan Zuckerberg Biohub (medical research for infectious diseases) in September 2016. He also cofounds Breakthrough Energy Coalition (renewable energy) in November 2015 and is co-founder and board member of Breakthrough Starshot (exploration of stars light-years away from Earth to look for water), created in April 2016. Besides, Zuckerberg serves on the boards of Breakthrough Initiatives (seekers of scientific evidence of life in outer space), BeatMed (online medical marketplace), and Thunes (payment network). In addition, he is a Mentor at CHORD (photo-sharing service).

Zuckerberg carried out most of his investment through the Chan Zuckerberg Initiative, but he personally invested $4 million in Panorama Education (SaaS platform for schools) in October 2013, $40 million in Vicarious (artificial intelligence for robots) in March 2014, $12 million in Vicarious on a second funding round in November 2014, $20 million in EducationSuperHighway (internet infrastructure for schools) in November 2015, $50 million in Asana (software to manage workflows) in March 2016, $50 million in Intercom (customer support service for businesses) in April 2016, and $23 million in Code.org (computer programming education) also in April 2016.

In December 2010, Zuckerberg, Bill Gates, and Warren Buffett signed "The Giving Pledge", in which they committed to donate at least half of their wealth throughout their lives, and invited others to do the same. Previously that year, Zuckerberg donated an unrevealed amount to Diaspora, an open-source web server for personal use, and $100 million to the public school system of Newark, New Jersey. In December 2013, he announced a donation of $18 million Facebook shares to the Silicon Valley Community Foundation, equivalent to $990 million. Zuckerberg and his wife also contributed $25 million to research related to the Ebola virus in October 2014. In December 2015, he and his wife pledged 99% of their Facebook shares to the Chan Zuckerberg Initiative over their lifetimes.

In September 2016, the Chan Zuckerberg Initiative donated $3 billion to fight deadly diseases. Since the Chan Zuckerberg Initiative was created, it invested $164 million in a network that contacts companies with engineers in emerging markets, $150 million in an online curriculum for kids, $120 million in a service that connects students and recent graduates with the job market, $115 million in a startup that converts content from reliable providers into learning materials, $113 million in an organization that partners with top-tier universities to offer business education globally, $100 million in a network of schools that offers experimental learning, $77 million in an educational platform that prepares students for college entrance exams, $50 million in an online learning system, and $50 million in an educational organization that develops personalized learning programs, among others, totalizing more than $1.1 billion. In 2017, Zuckerberg pledged to fund $6 billion to $12 billion towards the initiative over the next few years. During the COVID-19 pandemic, Zuckerberg donated $25 million to a company supported by the Bill and Melinda Gates Foundation that investigates treatments against the disease.

The Zuckerberg family lives in a 5000-square-foot house in Palo Alto, California, that was purchased in May 2011 for $7 million. In 2012, he bought four houses that surround his Palo Alto residence for more than $43 million. Zuckerberg also owns a 5500-square-foot house in San Francisco acquired for $10 million in 2013. In 2014, Zuckerberg's real-estate portfolio expanded with two properties covering 750 acres in Kauai Island, Hawaii, that he bought for $100 million. Then he purchased another 89 acres on Kauai Island for $59 million in 2017. In 2018, Zuckerberg spent $59 million on two private waterfront properties on Lake Tahoe, located between California and Nevada. Besides, he owns a yacht evaluated at $150 million and a Pagani Huayra car prized at $1.3 million, and he spends about $5 million annually in order to fly in a private jet.

Sources: Bloomberg, Business Insider (1), Business Insider (2), CNBC, CNN, Crunchbase (Chan Zuckerberg Initiative), Crunchbase (Mark Zuckerberg), Deal Room, Forbes, FOX News, NBC News, New York Magazine, Newsweek, Security Exchange Commission (Facebook proxy statement 2020), Security Exchange Commission (Facebook proxy statement 2019), Statista, The Giving Pledge, The New York Times, The Richest (1), The Richest (2), The Telegraph (1), The Telegraph (2), The Wall Street Journal, The Washington Post, Vanity Fair, Web Archive, Wired.

This article was updated on March 12, 2021 by Andrés Taurian 

Earnings & Financial Data

ncG1vNJzZmivp6x7tbTEq6CcoJWowW%2BvzqZmnJ2cmq%2BvsdOwpqusmGSwprjEm6mirKlir7a%2FyKecrKtfqbKktIyboKWkmaS7orXRnmammaKgervBwqScq5qVp7RuusStZLCnoqm1cA%3D%3D