Facebook owner and CEO Mark Zuckerberg Net Worth will be discussed in this article. A $37 billion technology entrepreneur and philanthropist from the United States, Mark Zuckerberg is Mark Zuckerberg.
One of the richest persons on the earth for a significant portion of the past ten years has been Mark Zuckerberg. Mark is the youngest of the top 100 richest persons in the world. He is the youngest among the top 30 by more than a decade.
Somewhat unsurprisingly, Mark’s shares on Facebook account for the great majority of his wealth. Mark presently holds over 400 million shares of Facebook in total, divided into multiple classes with varying voting rights. He holds over 365 million Class B shares, or about 81% of all the B shares, and about 12 million Class A shares of Facebook.
Mark is entitled to 53% of the voting power in the corporation through those Class B super-voting shares. Technically, Mark also holds Class B voting authority over co-founder Dustin Moskovitz, giving him around 58% of the company’s overall voting power. So, what is Mark Zuckerberg Net Worth over recent years?
Mark Zuckerberg Net Worth: His Financial Milestones
On August 7, 2020, Mark Zuckerberg net worth surpassed $100 billion for the first time. His net worth reached a height of $137 billion in late 2021, making him the third-richest person on the globe. He had a $126 billion net worth as of January 1, 2022. He was the fifth richest man in the world at that time.
Regrettably, Mark’s fortunes declined during the following few months as Facebook’s stock price fell 70% from about $340 per share to $100.
His net worth was $65 billion as of the end of April, a decline of $60 billion from early January. By the end of October, his net worth was $37 billion, down $89 billion from January 1 and $100 billion from a year earlier. No other billionaire had ever lost that much cash over that length of time. Due to this wealth loss, Mark fell from the third richest man in the world to thirty.
- Gary Chapman Net Worth: Have A Look Into His Career And Personal Life
- Buster Murdaugh Net Worth: More Upon His Father’s Sentence
Early Years Of Mark Zuckerberg
On May 14, 1984, Mark Elliot Zuckerberg was born in White Plains, New York. His mother Karen is a psychotherapist, while his father Edward is a dentist. The three sisters he has are Arielle, Donna, and Randi. Mark and his sisters were raised in the Westchester County community of Dobbs Ferry, New York. At age 12, he celebrated his Bar Mitzvah at a “Star Wars”-themed party.
Zuckerberg started using computers and creating software in middle school. In the 1990s, his father taught him BASIC programming, and David Newman, a software developer, later tutored him individually.
Zuckerberg spent his freshman and sophomore years at Ardsley High School. He studied at Phillips Exeter Academy for his junior and senior years, where he excelled academically and won awards in physics, arithmetic, astronomy, and classical studies. He led the fencing squad at Philip Exeter Academy.
Mark Zuckerberg At Harvard
When Zuckerberg arrived at Harvard, he was known as a programming prodigy. He pursued computer technology and psychology studies. He belonged to Kirkland house and the fraternity Alpha Epsilon Pi. During his sophomore year, Zuckerberg created the application CourseMatch.
The following tweet shows a video where you can see Mark Zuckerberg’s reaction to getting selected for Harvard in 2006.
Mark Zuckerberg getting accepted to Harvard, 2006 pic.twitter.com/z3EVPvjUr5
— Historic Vids (@historyinmemes) February 18, 2023
Users might create study groups and choose their classes based on the preferences of other students. Soon after, he developed Facemash, a tool that let users pick the most attractive person from a collection of pictures. The first weekend the site was open, Harvard had to take it down due to server overload.
- Celine Dion Net Worth: How Much She Earned From Concerts In Las Vegas?
- Barack Obama Net Worth: A Look Into His Earning History
Actual Estate Of Mark Zuckerberg
Chan and Zuckerberg have global real estate and land holdings totaling about $200 million. One thousand four hundred acres in Hawaii, multiple houses in Palo Alto, and a townhouse in San Francisco are some of their most notable real estate holdings.
The primary residence of Mark Zuckerberg and his family is a modest 5,000-square-foot Palo Alto home that he bought in 2011 for $7 million. But, he also owns the houses that are located close by, forming a secure enclave. 2012 saw the start of Zuckerberg’s acquisition of the four properties that surround his house.
He invested $43 million in total to acquire the nearby properties. Then, with initial plans to someday destroy and rebuild them, he leased the residences back to their prior owners. He presented a fresh proposal to repair two of the homes and build the other two as single-story dwellings after the city officials rejected the first one.
If you liked reading this article then bookmark our website Trendingnews.com for more such content.