Facebook had a tough year, which not only affected the reputation of the platform but also the net worth of its co-founder and CEO, Mark Zuckerberg. Despite losing more than any of the top 500 billionaires, Zuckerberg is still among the richest and influential people of the World.
His current approximated net worth according to Forbes is around $66 billion. He does not show much interest in clothes, expensive cars or even traveling but has been into real estate, as he recently spent $59 million on two properties at Lake Tahoe.
He also founded a charity organization, Chan Zuckerberg Initiatives, along with his wife. The mind-blowing facts about his filthy rich status are:
1. He can live a decent life even if he earns $1 annually: Zuckerberg reportedly earned $770,000 from his Facebook Salary but then reduced it in 2013. After this, only 17% of Facebook stocks are owned by him.
2. He has been adding $9 billion on average to his net worth since 2013: Facebook has been the second highest tech IPO ever, at $16 billion. Now the stocks have raised to 408% in the recent market capitalization of $547 billion.
3. Even after a drop of $9 billion in net worth in 2019, Zuckerberg managed to remain top 10 richest people: due to Facebook scandalous year, there has been a drop in the net worth of the CEO and he dropped from 5th position to 8th in the list of top 10 richest people, however in Bloomberg ranking he's still at number 5.
4. He made around $1.7 million in an hour, in 2018: Zuckerberg’s net worth of 2017 and 2018 was calculated to find his annual earnings. According to reports, his yearly income on average is $15 billion.
5. His one and a half hour earnings are equal to the lifetime earning of an average American with bachelor’s degree: Social Security Administration stated that an average American woman having bachelor’s degree will make only $1.3 million in her whole life. Whereas, he was dropped out of college.
6. On average, an American earns around $45,000 yearly, while Zuckerberg makes it only in two minutes: it is said in reports that he made around $28,538 in a minute, last year.
7. For every $1 spent in a normal American household is equal to $700,000 spending of him: the net worth of an average US household is $97,300 but for Zuckerberg, it's $700,000.
8. GDP of Jordan, Nicaragua, and Barbados combines is still less than the net worth of Zuckerberg: GDP of Jordan is $46.9 billion, Nicaragua with $15.4 billion and Barbados having $5.5billion.
9. After distributing $100 to every American citizen, he would still have more than half of his net worth: America’s population is 328,979,134 and is Zuckerberg gives each $100, he would still be able to save $32.8 billion.
Photo: Amy OSBORNE / Getty Images
Read next: Getting to the top in tech - A decade of Google search interests on Mark Zuckerberg
His current approximated net worth according to Forbes is around $66 billion. He does not show much interest in clothes, expensive cars or even traveling but has been into real estate, as he recently spent $59 million on two properties at Lake Tahoe.
He also founded a charity organization, Chan Zuckerberg Initiatives, along with his wife. The mind-blowing facts about his filthy rich status are:
1. He can live a decent life even if he earns $1 annually: Zuckerberg reportedly earned $770,000 from his Facebook Salary but then reduced it in 2013. After this, only 17% of Facebook stocks are owned by him.
2. He has been adding $9 billion on average to his net worth since 2013: Facebook has been the second highest tech IPO ever, at $16 billion. Now the stocks have raised to 408% in the recent market capitalization of $547 billion.
3. Even after a drop of $9 billion in net worth in 2019, Zuckerberg managed to remain top 10 richest people: due to Facebook scandalous year, there has been a drop in the net worth of the CEO and he dropped from 5th position to 8th in the list of top 10 richest people, however in Bloomberg ranking he's still at number 5.
4. He made around $1.7 million in an hour, in 2018: Zuckerberg’s net worth of 2017 and 2018 was calculated to find his annual earnings. According to reports, his yearly income on average is $15 billion.
5. His one and a half hour earnings are equal to the lifetime earning of an average American with bachelor’s degree: Social Security Administration stated that an average American woman having bachelor’s degree will make only $1.3 million in her whole life. Whereas, he was dropped out of college.
6. On average, an American earns around $45,000 yearly, while Zuckerberg makes it only in two minutes: it is said in reports that he made around $28,538 in a minute, last year.
7. For every $1 spent in a normal American household is equal to $700,000 spending of him: the net worth of an average US household is $97,300 but for Zuckerberg, it's $700,000.
8. GDP of Jordan, Nicaragua, and Barbados combines is still less than the net worth of Zuckerberg: GDP of Jordan is $46.9 billion, Nicaragua with $15.4 billion and Barbados having $5.5billion.
9. After distributing $100 to every American citizen, he would still have more than half of his net worth: America’s population is 328,979,134 and is Zuckerberg gives each $100, he would still be able to save $32.8 billion.
Photo: Amy OSBORNE / Getty Images
Read next: Getting to the top in tech - A decade of Google search interests on Mark Zuckerberg
