Inside Mark Zuckerberg’s billions – so rich he can live off $1 per year salary

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As a skinny Harvard drop-out, Mark Zuckerberg is hardly the most likely candidate for one of the world's most powerful men.

But as his company, Meta, continues to grow its 2 billion-strong user base across Facebook, Instagram, and WhatsApp, Zuckerberg isn't exactly short of cash.

Although he only earns a salary of $1 per year on paper, Zuckerberg made his billions off of selling shares in Facebook, which hit the stock market in 2012.

It was the biggest IPO in history, netting Zuckerberg billions of dollars almost overnight from the company he started at uni.

So how does the son of a dentist spend his vast fortune?

Zuckerberg's controversial 1,600 acre Hawaii ranch

Unlike other tech billionaires, Zuckerberg isn't known for splashing his cash on space programmes or underground tunnels, and enjoys a quiet family life with his wife Priscilla Chan.

However, he spends a lot of money on property, most recently in December when he extended his controversial 1,500-acre private estate in Kauai, Hawaii by 110 acres.

Zuckerberg has come under fire multiple time from his Hawaiian neighbours after filing lawsuits against locals with shares in small pockets of his land.

Although he dropped the lawsuits, local Hawaiians are still angry at the Facebook founder's expensive landgrab.

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'Zuck' was also criticised in 2016 for building 6-foot tall stone walls that made it harder to access the beach, as wealthy investors continue to price out locals in Kauai.

“People have always seen the value of living in Hawaii, in paradise, and for many generations now, it’s been a detriment to us,” Kauai council member Mason Chock told the Guardian.

“They’ve come in and purchased land and raised the value so much. Only people from abroad or outside Kauai can even afford to live in Kauai now.”

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Zuckerberg spends $10bn on private jets per year – but don't worry, he expenses it

Despite being a billionaire, Zuckerberg isn't daft enough to waste his own money on travel. Instead, he expenses roughly $10 billion per year on private jets through Facebook.

A 2018 filing for a $10 million allowance said Zuckerberg needed the money to "… cover the costs of security personnel for his protection; the procurement, installation, and maintenance of certain required security measures for his residences; and the usage of private aircraft for personal travel.

That means the private data you and I generate via Facebook and Instagram is directly funding the social network founder's luxury trips across the sky. It's alright for some, isn't it?

  • Facebook
  • Money
  • Net Worth
  • Space
  • Fire

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