The Untold Story Behind Mark Zuckerberg’s Wife Priscilla Chan, Kids and Huge Net Worth

Mark Zuckerberg is an American billionaire, computer programmer, and entrepreneur who has a net worth of $104 billion. He is most popular for being the co-founder, president, and CEO of Facebook. Here’s what we know about the tech mogul’s personal life, huge net worth, and the cars he spends his billions on.

Mark Zuckerberg and Priscilla Chan Are A Match Made In Heaven

Considering his status as the present-day social networking king, many had different expectations from Mark in his choice for a partner. But the social networking king is quite full of surprises.

Mark Zuckerberg is married to Priscilla Chan, an American paediatrician, and philanthropist. Priscilla Chan was born (February 19, 1985) and raised in Massachusetts, U.S.A. She is American by birth but Chinese by descent. Her family were refugees from Vietnam and her parents worked so hard that they left a young Chan in her grandmother’s custody.

Despite having a difficult childhood, Chan was determined to attend Harvard University. Her dream became a reality in 2003, and in 2007, she emerged as the first college graduate in her family. Chan proceeded the next year to the University of California, San Francisco where she studied Medicine, graduating in 2012. She loves children and that explains her specialization in paediatrics.

Mark and Priscilla’s love began before the Facebook boom and fame. The two started dating back in 2003 after they met in line to use the bathroom at a farewell party organized by Zuckerberg’s friends. Priscilla, 18, was a fresh student of Harvard and Mark, 19, was on the verge of being expelled because of a mischievous website he set up in school then. Although Zuckerberg ended up not being expelled, he later decided to leave on his own.

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Meanwhile, their relationship grew strong that even when Mark finally dropped out of Harvard in 2004 to run Facebook full time, they still clung to each other. After 9 good years of dating, Mark Zuckerberg and Priscilla Chan got married on 19th May 2012; a day after Facebook IPO launched.

Known for their simple and low key lifestyle, the couple just had a private and surprise ceremony in the backyard of Zuckerberg’s Palo Alto home. The two prefer giving up their fortunes to charity to luxurious living. Together they founded The Chan Zuckerberg Initiative, a philanthropic fund which has since its inception in 2015, pledged up to $1.6 billion to charities!

Mark and Chan Have Two Daughters – Maxima And August

Mark and Chan welcomed their first child, baby girl Maxima on 30th November 2015, a few months after Chan completed her paediatric residency. The birth of Maxima Chan Zuckerberg brought so much joy to the family since Chan had earlier suffered three miscarriages.

The couple later, in August 2017, welcomed their second baby girl, named August.

Mark Zuckerberg and his wife have a culture of writing an open welcome letter to their babies at birth. In these, they express their love for them and promise to do all they can to make life an awesome experience for them. Here is the one they wrote for August upon her arrival.

Parenting Milestone Unlocked

A video shared by the media mogul in May 2019 shows his two adorable daughters doing house chores with every ounce of dedication. He dubbed the clip “Parenting Milestone Unlocked”

In the 15-second clip, the youngest daughter, August, who was 20-month-old at the time, is seen rinsing dishes at the sink before handing them to her big sister Maxima who was 3. Maxima then loads the dishwasher while their mom also helps.

Apparently, Mark is dedicated to raising his children the best way he can to make sure they impact society positively. He also leverages on technology in his capacity as an engineer to make life easier for his family.

His Parents Are Healthcare Workers

Mark Zuckerberg was born to medical practitioners and the ancestral line of the Zuckerberg family can be traced to Germany, Austria and Poland. Karen, his mother, is a psychiatrist while his father Edward Zuckerberg is a dentist. They raised him alongside three sisters, Randi, Donna, and Arielle, in Dobbs Ferry, New York. The parents raised their children in a Reform Jewish home, Mark even had a Star Wars-themed bar mitzvah at age 13.

While Mark and his sisters often visited their father’s place of work, he didn’t develop any interest in the field but preferred to obsess about computers and programming.

What Is His Net Worth and How Much Is His Salary?

Mark Zuckerberg is worth $104 billion. I’m pretty sure that when Mark and his Harvard dorm mates hatched the idea of a social networking site, they never knew it would bring them not just millions but billions so fast. Today, Zuckerberg is ranked among the top ten tech billionaires worldwide by Forbes Magazine.

Starting out humble in the dormitories of Harvard University, a simple idea of digitally connecting two far apart people quickly spread like wildfire; from the Harvard University dorms to the grounds of several universities. Eventually, the whole world was caught up in the social networking hype. This simple history of Facebook is what gives us the genesis of the gold mine in which Mark Zuckerberg is digging his riches from.

In 2007 at just 23, Mark banked his first billion from Facebook and since then, his bank accounts have been increasing exponentially as more people get into Facebook. As of June 2015, Facebook enjoyed a 13% increase in users as compared to the previous year. Currently, the site has an estimated 1.49 billion users, all who spend over 700 billion minutes of time per month on the site. Facebook is ranked second in terms of traffic, coming after Google which is the most visited site worldwide. Huge traffic means huge cash, and Facebook’s huge cash is largely channelled to Zuckerberg’s already exploding accounts; all thanks to the 22% stake he holds at the company.

Thanks to the increased traffic, businesses resort to Facebook for marketing and sales improvement through ads, which is one of the major sources of income for the company. The company has also been on a buying spree. It recently purchased Oculus, a virtual reality startup company, aiming at producing virtual reality headsets. The first batch of the headsets, called the Rift, was shipped to customers by early 2016.

Apart from seeking new ways to make more money, Mark Zuckerberg is using a clever strategy to fetch more money from his company. As CEO, Zuckerberg takes home a salary of $1 per year. This is a common and clever strategy used by many billionaire entrepreneurs; the likes of Larry Ellison, where they lower their salaries as low as possible thus maximizing the company’s profits. The increase in company’s profits increases the stock holdings value of the company; exactly where the true wealth of the executives comes from.

Basically, a man works to eat, sustain his living and give back to the society. Mark Zuckerberg, together with his wife, have put their vast amount of wealth into constructive use via initiatives such as Internet.org., an initiative aimed at providing free basic internet to people in Asia, Africa and Latin America. They have also invested $100 million into Alt. School; an educational initiative aimed at promoting personalized high-tech education. The couple pledged to give away 99% of their Facebook wealth throughout their lifetime.

Future of Mark Zuckerberg’s Net Worth

Facebook is still a pacesetter in the social networking scene and it is not about to give up its position anytime soon. Currently, the company has an employee base of nearly 50,000, located in 70 different offices worldwide. Though this is not Mark’s first company, his success on Facebook is nothing compared to what other leaders in internet entrepreneurship and social networking have achieved. Keeping up with this trend, Mark Zuckerberg remains a billionaire to look out for.

Inside Mark Zuckerberg’s Mansions

Mark Zuckerberg lives with his family in a modest home located in the Crescent Park neighbourhood of Palo Alto, San Francisco Bay Area, California.

The house has five bedrooms with five bathrooms, an office, a reading room, a large deluxe kitchen with inbuilt computer workstation, and a dining room.

The 5,000-square-foot home also boasts of a luxurious porch and a large beautiful backyard with a pool.

Zuckerberg initially bought the house in 2011 for $7 million but later splurged a whopping $30m in buying four houses surrounding it, between 2012 and 2013. This he did to beef up his privacy after it was rumored that a real estate developer was planning to buy one of the properties and using Zuckerberg’s fame to sell it big.

“The developer was going to build a huge house and market the property as being next door to Mark Zuckerberg,” a close source told The Mercury News.

Zuckerberg also owns a four-bedroom house in Dolores Park, in the heart of San Francisco; about a 40-minute drive from his main residence in Palo Alto. The property is a 7980-square-foot home which Zuckerberg acquired at the cost of $10 million before carrying out an extensive renovation worth millions on it.

Interesting Details About Mark Zuckerberg’s Car Collection

Mark Zuckerberg’s car collection is far from what many would be expecting. The billionaire CEO’s parking lot largely reflects his modest lifestyle.

So far, his garage boasts a 2012 Model Acura TSX, a Modified 2014 Volkswagen MK6 GTI, a Honda FIT, an Infiniti G Sedan and a Pagani Huayra which he bought for about $1.4 million to $2mi; the only one that appears to suit his billionaire status.

The Huayra is a is a two-seater supercar with a 6.0-litre V-12 engine with 720hp. So far, it is the only car in his garage that competes with the likes of Bugatti, Aston Martin, and Ferrari.

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