Mark Zuckerberg Net Worth (Updated 2022), Salary Business Biography
|Net Worth (2022)||$74.20 Billion|
|Net Word in USD||7,420 crores USD|
|Net Worth In Indian Rupees||5.68 Lakh Crore|
|Monthly Income And Salary||$1 Billion +|
|Yearly Income||$12 Billion +|
What is the net worth and salary of Mark Zuckerberg?
Mark Zuckerberg is an American technology entrepreneur and philanthropist with a net worth of 74.2 billion USD, which is roughly equal to 5.68 lakh crore Indian rupees in Indian currency (i.e. approx Five Lakh Sixty Eight Crore INR).. Mark Zuckerberg has spent the last decade as one of the world’s wealthiest people. Mark is the youngest of the top 100 richest people in the world. He is the youngest among the top 30 by more than a decade. Furthermore, the majority of his earnings come from Facebook subsidiaries, such as WhatsApp, Instagram, and Facebook Messenger.
In recent years, Mark Zuckerberg and Priscilla Chan have emerged as significant philanthropists. The couple founded the Chan Zuckerberg Initiative (CZI), which focuses on education, health and life sciences, technology and data, immigration and reform, and other issues.
Unsurprisingly, the vast majority of Mark’s fortune is due to his Facebook stock. Mark currently owns approximately 400 million total Facebook shares, which are divided into various classes with varying voting rights.
He owns approximately 12 million Class A shares of Facebook and 365 million Class B shares, accounting for approximately 81 percent of all B shares. Mark has 53 percent voting power in the company thanks to those Class B super-voting shares. Mark technically controls co-founder Dustin Moskovitz’s Class B voting rights, giving him approximately 58 percent of the company’s total voting power.
Mr. Mark Zuckerberg’s bio:
If you are addicted to Facebook, you are most likely aware of the following fascinating facts about its founder:
Mr. Mark Zuckerberg was born on May 14, 1984, in New York, United States. Mark Elliot Zuckerberg is his given name. Before he graduated from high school, he was approached by several companies with job offers (including AOL and Microsoft), but he turned them all down.
|Real Name/Full Name||Mark Elliot Zuckerberg|
|Nickname||Zuck, Mark, Princely|
|Profession||Technology Entrepreneur, Computer Programmer|
|Famous For||for being the co-founder and CEO of Facebook|
Mark Elliot Zuckerberg was born on May 14, 1984 in White Plains, New York. His father is a dentist, and his mother is a therapist. Randi, Donna, and Arielle are his sisters. Mark and his sisters grew up in Westchester County, New York, in Dobbs Ferry. At the age of 12, he had a “Star Wars” themed Bar Mitzvah.
Zuckerberg started using computers and writing software in middle school. In the 1990s, his father taught him BASIC programming and later hired software developer David Newman to privately tutor him. Zuckerberg attended Ardsley High School as a freshman and sophomore. He spent his junior and senior years at Phillips Exeter Academy, where he excelled academically and won prizes in physics, math, astronomy, and classical studies.
He led the fencing team at Phillip Exeter Academy. He studied BASIC at Mercy College while in high school. He also created “ZuckNet,” a software program that connected all of the computers in the Zuckerbergs’ home to those in his father’s dental practice. It functioned similarly to AOL’s Instant Messenger, which debuted the year after Mark created ZuckNet.
In high school, Zuckerberg also created the Synapse Media Player, a music player. The media player figured out what the user liked to listen to. AOL attempted to acquire Synapse and hire Zuckerberg. Microsoft also made a bid for Synapse and attempted to hire Zuckerberg. In the fall of 2002, he did not sell and enrolled at Harvard.
|Date of Birth/Birthday||14 May 1984|
|Age||35 Years (As in 2019)|
|Birthplace||White Plains, New York, United States|
|Hometown||New York, United States|
|Zodiac Sign/Sun Sign||Taurus|
When completing his college applications, Zuckerberg stated that he could read and write French, Hebrew, Latin, and ancient Greek. Priscilla Chan, Zuckerberg’s future wife, met him at a fraternity party during his sophomore year at Harvard. In 2003, they began dating. In September 2010, Zuckerberg invited Chan, who was a medical student at the time, to move into his rented Palo Alto home.
On May 19, 2012, Zuckerberg and Chan married in Zuckerberg’s backyard, as part of an event commemorating her medical school graduation. Maxima Chan Zuckerberg was born on December 1, 2015. (“Max”). In August of 2017, they welcomed their second daughter, August.
Members of The Giving Pledge, Zuckerberg, and Chan are also active philanthropists through their foundation, the Chan Zuckerberg Initiative. The couple plans to donate 99 percent of their Facebook shares to the Initiative in the end.
Here, we will talk about Mr. Mark Zuckerberg’s company, various organizations, social work, wealth, and net worth. He is the Co-founder, Chairman, and CEO of Facebook, the world’s largest social media platform. On February 4, 2003, he and his colleagues founded it. As of 2019, Facebook’s revenue was estimated to be 70.7 billion US dollars.
|Sisters||Randi, Donna, and Arielle|
|Wife/Spouse||Priscilla Chan Zuckerberg (m 2012 – present)|
|Children||Daughter: Maxima (Max) and August
Zuckerberg launched Facebook from his Harvard dorm room on February 4, 2004. An earlier source of inspiration for Facebook could have been Phillips Exeter Academy, the prep school where Zuckerberg graduated in 2002. Initially, Facebook was only available to Harvard students. It then spread to other universities, starting with Columbia, New York University, Stanford, Dartmouth, Cornell, University of Pennsylvania, Brown, and Yale.
This is where the site’s popularity grew, and it eventually went global, with 500 million users by 2010. The team expanded significantly after the office relocated from Harvard to California. Nowadays, Facebook serves as a hub for people to keep up with their friends’ activities and is one of the most important sources of news on the internet.
Cambridge Analytica harvested the personal data of millions of Facebook users without their consent in early 2018, primarily for political advertising. This data breach was the largest known leak in Facebook history, necessitating Mark Zuckerberg’s appearance before Congress to demonstrate how secure user data was in Facebook’s hands.
Here are a few of Mark Zuckerberg’s career highlights:
- Started computer programming (1995)
- Founded his first company (1999)
- Joins Harvard University (2002)
- Creates Facebook in his dorm room (2004)
- Drops out of Harvard (2004)
- Named the ‘World’s Youngest Billionaire’ (2007)
- Mark’s life is made into a movie (2010)
- Facebook reaches 500 million users (2010)
In the spring of 2004, Zuckerberg, Moskovitz, and some friends relocated to Palo Alto, California, and leased a small house that served as Facebook’s office. Over the summer, Zuckerberg met Peter Thiel, a venture capitalist who invested in the company. Originally, the group intended to return to Harvard, but they decided to stay in California.
They had already turned down buyout offers from major corporations. In April 2009, Zuckerberg sought advice from former Netscape CFO Peter Currie on Facebook financing strategies. On July 21, 2010, Zuckerberg announced that the company had reached 500 million users. Of course, Facebook is now a massive social network that has made Mark Zuckerberg one of the world’s richest men.
By the time he arrived at Harvard, Zuckerberg had established himself as a programming prodigy. He majored in both psychology and computer science. He was a member of the fraternity Alpha Epsilon Pi and the Kirkland house. During his sophomore year, Zuckerberg created the program CourseMatch. Users could form study groups and choose classes based on the choices of other students. Not long after, he created Facemash, which allowed users to choose the most attractive person from a group of photos.
The site overwhelmed Harvard’s servers the first weekend it was up and running, forcing the university to shut it down. Zuckerberg began writing code for a new website the following semester, in January 2004. On February 4, 2004, Zuckerberg and classmates Dustin Moskovitz, Chris Hughes, and Eduardo Saverin launched “Thefacebook,” originally located at thefacebook.com, from their Harvard dorm room. In order to work on Facebook, Zuckerberg dropped out of Harvard in his sophomore year. In 2017, he received an honorary degree.
Harvard students Divya Narendra, Cameron Winklevoss, and Tyler Winklevoss sued Zuckerberg, claiming he deceived them into believing he would help them build their website idea, HarvardConnection.com, a social network that was later renamed ConnectU. Several lawsuits followed. The case was settled on June 25, 2008, with 1.2 million common shares awarded to them as well as cash payouts of $20 million. If those shares are still in existence today, they are worth well over $200 million. The Winklevoss brothers sold at least some of those shares to fund their Bitcoin investments. They own so much Bitcoin that their total crypto assets were worth more than $1 billion in December 2017.
On April 10 and 11, 2018, Zuckerberg testified before the United States Senate Committee on Commerce, Science, and Transportation about Facebook’s use of personal data in connection with the Facebook–Cambridge Analytica data breach. The entire incident, according to Zuckerberg, was a breach of trust between Aleksandr Kogan, Cambridge Analytica, and Facebook.
Mark Zuckerberg, Facebook’s co-founder and CEO, has personally suffered significant losses as a result of the downing of Facebook, WhatsApp, and Instagram. His net worth dropped by $6 billion (approximately Rs 45,217 crore) in just 6 hours, knocking him down a notch on the list of billionaires. Mark Zuckerberg’s current net worth is 74.20 billion USD.
Facebook has created a number of products that contribute to Mr. Mark Zuckerberg’s earnings and net worth, including:
|Build||Growth and Engagement||Analytics||Verticals||Programs|
|Facebook Login||Sharing on Facebook||Facebook Analytics||Games with Facebook||F8|
|Account Kit||Messenger Platform||Sharing Insights||Marketing Developers||Developer Circle|
|App Links||Instagram Platform||Insights for pages||Media Solutions||FbStart|
|Camera Effects Platform||Facebook Social Plugins||Facebook Live API||Threat Exchange|
|Open Source||Profile Expression Kit||Marketing API accelerator|
Facebook’s other subsidiaries include:
- Facebook messenger
- Oculus VR
- Click Here to know More about all subsidiaries
Mr. Mark Zuckerberg’s assets include:
House: Mark Zuckerberg lives in a mansion built in 1903, which he purchased for $7 million USD. It was Mark Zuckerberg’s first property, measuring 5617 square feet. The two-story house has the following features:
- 5 bedrooms,
- 5 bathrooms,
- a large kitchen,
- French doors,
- a music alcove,
- coffered ceilings,
- a saltwater pool,
- spacious , deep porches, and
- Sash windows.
- Acura TSX
- Honda Fit
- Pagani Huayra
- VW Golf GTI.
Zuckerberg and Chan own roughly $200 million worth of real estate and land around the world. Some of their most notable real estate assets include 1,400 acres in Hawaii, several homes in Palo Alto, and a townhouse in San Francisco.
Mark Zuckerberg’s main home where he and his family live is a modest 5,000 square foot home in Palo Alto which he purchased in 2011 for $7 million. But he also owns the homes that surround this “modest” home, creating a private compound. In 2012, Zuckerberg began purchasing the four properties that surround his home. He spent $43 million on surrounding properties in total. He then leased the houses back to the previous owners, with the intention of eventually demolishing and rebuilding them. However, city officials rejected his plan, so he submitted a new plan to renovate two of the homes and rebuild the other two as single-story homes.
In 2013, he paid $10 million for a 5,500 square foot townhouse in San Francisco. The house was constructed in 1928 and sits on a 9,800-square-foot lot with 70 feet of sidewalk frontage. He spent more than $1.6 million renovating the house. Reportedly $65,000 if that was on remodeling the kitchen and one bathroom.
In 2014, Zuckerberg bought two properties in Kauai in Hawaii for $100 million. These properties span 750 acres across an isolated stretch of a Hawaiian beach. In 2017, he purchased another 89 acres nearby for more than $45 million. In January 2022 he bought an additional 100 acres and by this point his footprint in Kauai spanned 1,400 acres. In 2018, Zuckerberg spent $59 million on two adjacent Lake Tahoe private waterfront estates. Zuckerberg has 600 feet of private Lake Tahoe waterfront between the two properties.
- On February 4, 2004, he launched thefacebook.com from his Harvard dorm room.
- In his sophomore year, he dropped out of Harvard.
- When he was 22 years old, he turned down a $1 billion cash buyout offer from Yahoo.
- On the day of Facebook’s IPO in May 2012, net worth reached $15 billion.
- Owns approximately 400 million shares of Facebook
- Controls 58 percent of the total voting power in FB equity.
- On August 7, 2020, net worth surpassed $100 billion for the first time.
- Has promised to give away 99 percent of his fortune during his lifetime.
- Owns approximately $200 million in personal real estate in the United States.
- The four homes surrounding his Palo Alto home were purchased for $43 million.
- Paid $145 million for approximately 840 acres on the Hawaiian island of Kauai.
Mark Zuckerberg’s Success Secrets
Now that you know everything there is to know about Mark Zuckerberg’s net worth and how he achieved success, here are some of the best success lessons you can learn from him:
Whatever the cost, pursue your dreams.
Mark Zuckerberg left Harvard University to pursue his dream of making Facebook a reality and connecting the world on a larger scale. This was a big decision, because Harvard is one of the best universities in the country, and some people would go to any length to get in. However, Zuckerberg had a dream that he felt was critical that he pursue.
Never Stop Changing
Facebook is always changing. Updates are made on a regular basis. It all started when the site was only accessible to Harvard students. Then came the inclusion of all universities, followed by global registration. Following that came business pages, groups, and now live-streaming. Facebook’s constant evolution not only helps the company succeed, but also allows Zuckerberg to pursue his passion.
You Need a Powerful Team on Your Side
If there’s one thing we can learn from Zuckerberg, it’s that you need a strong team to back you up in your venture. You can’t do it all on your own, and without a strong team, your visions won’t become a reality. Find a great team to help you along the way.
Mark Zuckerberg founded the world’s most powerful social media site in his college dorm room when he was 19 years old. Consider that for a moment. Mark Zuckerberg Net Worth (Updated 2022) is expected to be $74.2 Billion USD