The year 2020 was one that came with a lot of challenges for Mark Zuckerberg. The Facebook CEO and other famous tech executives, such as Jeff Bezos and Sundar Pichai, had to testify before congress as to the effect their activities had on effective competition in the industry that they dominate. Closer to home, Zuckerberg’s Facebook had to weather allegations that they were not doing enough to tackle hate speech and the spread of misinformation on their platform.
This cost the company millions in advertising dollars, and a $60 billion decline in market value, but Facebook held on. It recorded stronger than expected performances and Zuckerberg was able to add more than $10 billion to his net worth in just one year, a feat that saw him join the centibillionaires club for the first time in August 2020. The Facebook CEO remains firmly in that exclusive club to date and is just one of the eight persons in the entire world who have the honor of being worth at least $100 billion.
How Much Does Mark Zuckerberg Make in a Year?
Zuckerberg previously earned as much as $770,000 per annum as the CEO of Facebook. By 2013, he decided to toe the steps of other chief executives who famously collect just $1 as their annual remuneration. He also does not get any stock options for performance meaning that the bulk of his wealth comes from his shareholding in the company he founded. Going by Forbes estimates, Zuckerberg retains a 15% stake in Facebook which is one of the most valuable companies in the world and now has lucrative subsidiaries such as Instagram, WhatsApp, Oculus, and Mapillary, etc.
It is difficult to pinpoint exactly what Mark Zuckerberg earns in a year, due to the unpredictability in the stock market, but one reliable methodology for calculating the same is to look at his present net worth ($119 billion) and divide by his age (37). If you do that, you will discover that the Facebook CEO has earned about $3.2 billion for each year of his life. This is simply mind-blowing but Zuckerberg is not the only individual making this kind of money as his fellow tech CEOs also come close.
Microsoft founder Bill Gates is presently 65 and has earned about $1.9 billion for each year of his life. On the other hand, Tesla’s boss Elon Musk has earned $3.1 billion for each year of the 49 years that he has been alive. The person that equals Mark Zuckerberg is Amazon founder Jeff Bezos as he has similarly earned $3.2 million for each year of his 57 years.
Asides from their huge monthly earnings, one thing that all four men mentioned above have in common with Zuckerberg is that they all belong to the Centibillionaires club. Bill Gates, however, runs the risk of dropping out depending on how his pending divorce pans out.
How Much Does the Facebook CEO Make in a Day?
Using the same methodology that has been outlined above, we can conclude that Mark Zuckerberg makes about $8.8 million with each passing day. To appreciate just how impressive this is, the social security authorities in the U.S. estimate that an adult male who spends 50 years of his life working an average job will earn a total of $2.2 million while a woman in a similar position would earn $1.3 million. It, therefore, means that Mark Zuckerberg makes in a day is what the average American male will toil over four lifetimes in order to accumulate.
Such a glaring disparity naturally imposes a social duty on most people and Zuckerberg is not shirking his. Together with his wife Priscilla Chan, he has committed about 99% of their Facebook stock to charity. One of the main vehicles for achieving this aim is their unique philanthropic organization known as the Chan Zuckerberg Initiative. The initiative has the ambitious goal of curing, managing or preventing all known diseases by the year 2100. CZI has thus far committed billions of dollars to tech-infused solutions for various health issues.
They have also done commendable work on issues such as criminal justice and immigration. The organization has suffered controversies though and this is due to its close ties to Zuckerberg and Facebook. Facebook was criticized for failing to moderate what was deemed President Trump’s hate speech on its platform in 2020. The fallout led to some CZI staff resigning as well as some organizations refusing what they deemed tainted funding.
How Much Does Zuckerberg Make in One Second?
Crunching the numbers on this puzzle will clue you into the fact that Mark Zuckerberg has made $101 for each second of his life. It is earnings such as this that have helped him fund an understated yet exquisite lifestyle. Even though the Facebook CEO is not one for designer clothes or fabulous yachts, he has picked up some impressive real estate over the years with his latest being 600 acres of land on the Hawaiian island of Kauai in May 2021.
Zuckerberg reportedly purchased the property for $53 million and it marks the second time that he would be buying in Hawaii.
The first was 700 acres of land which he and his wife snapped up for about $100 million in 2014. There was some controversy over the purchase due to the fact that it was originally granted to native Hawaiian families. Zuckerberg and his wife have worked to appease the locals by promoting conservation, sustainable agriculture, and the protection of native wildlife in their ranch and surrounding areas. Away from Hawaii, Mark Zuckerberg and his wife also own a $59 million home in Lake Tahoe and a $7 million home in Palo Alto.
The Palo Alto home serves as their primary residence and has five bedrooms and five bathrooms. It boasts of a custom-made artificially intelligent assistant as well as a swimming pool and large back garden. In order to protect the privacy of his family, Zuckerberg shelled out $43 million to buy up about four properties adjoining the compound. He initially planned to demolish and rebuild them but this plan was rejected by the authorities. He then took to renovating two and combining the other two into single-story homes to create some protective compound for his primary residence.