Mark Zuckerberg Net Worth 2023:How Rich is the Co-Founder and CEO of Facebook Actually in 2023?
Mark Zuckerberg, the co-founder and CEO of Facebook is one of the wealthiest people in the world. His success has been a defining example of what can be accomplished with hard work, ambition, and a good idea. As we look to 2023, there is no doubt that Mark Zuckerberg’s net worth will grow as Facebook continues to dominate the social media landscape. But what is his estimated net worth for the year 2023?
About Mark Zuckerberg
Mark Elliot Zuckerberg (born May 14, 1984) is an American entrepreneur, business mogul, and philanthropist. He is well-known for co-founding the social networking website Facebook and its parent company, Meta Platforms (previously Facebook, Inc.), where he serves as chairman, CEO, and controlling shareholder.
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Mark Zuckerberg’s Net Worth 2023
Mark Zuckerberg is an American businessman and philanthropist who works in technology. As of February 2023, Mark Zuckerberg’s net worth is estimated to be $70 Billion. Mark Zuckerberg has been among the wealthiest people on the planet for most of the last ten years. Mark is the youngest of the top 100 wealthiest people in the world. He is the youngest person in the top 30 by over a decade.
Most of Mark’s wealth comes from his shares on Facebook, which is probably not a big surprise. Mark currently owns about 400 million Facebook shares, which are split into different classes with different voting rights. He owns about 12 million Facebook Class A shares and 365 million Facebook Class B shares, which is about 81% of all the Class B shares.
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Mark Zuckerberg’s Milestones of Wealth
On August 7, 2020, Mark Zuckerberg’s net worth went over $100 billion for the first time. On January 1, 2022, he was one of the five wealthiest people in the world. His net worth was $126 billion. Over the next few months, Mark’s luck got worse as Facebook’s stock price fell by about 50%, from around $340 a share to $170 a share.
By the end of April, his net worth was $65 billion, which was $60 billion less than it was in early January. Only one of the top 100 billionaires lost more money in the same amount of time. Mark dropped from being the fifth richest person in the world to being the 19th.
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Mark Zuckerberg Salary
Mark Zuckerberg gets $1 a year as pay. It is not a mistake. Many executives, like Zuckerberg, choose to take low salaries to make as much money as possible for the company.
When a company tries to make as much money as possible, the overall value of its stock holdings goes up. This is where the real wealth of the executive comes from. Executives like Eric Schmidt, Larry Page, and Sergey Brin only get paid $1 per year!
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Mark Zuckerberg’s Details on Wealth
Facebook went public on May 18, 2012, and each share cost about $38. Mark owns 400,000,000 Facebook shares. So, at the end of the IPO day, he had a “paper net worth” of about $15 billion. Mark has promised to give away 99 percent of his money while he is alive.
In September 2017, he said he would sell pieces of his shares on a regular basis to pay for his foundation, the CZI (Chan-Zuckerberg Initiative). In 2018, he sold shares that brought in $5.3 billion. In 2019, he sold Facebook shares worth $1.86 billion.
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Here are some of the highlights of Mark Zuckerberg’s career:
- Started computer programming (1995)
- Founded his first company (1999)
- Joins Harvard University (2002)
- Creates Facebook in his dorm room (2004)
- Drops out of Harvard (2004)
- Named the ‘World’s Youngest Billionaire’ (2007)
- Mark’s life is made into a movie (2010)
- Facebook reaches 500 million users (2010)
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“The Birth of Facebook: How Mark Zuckerberg Changed the World”
In the spring of 2004, Zuckerberg, Moskovitz, and a few friends moved to Palo Alto, California, where they rented a small house to use as Facebook‘s office. Peter Thiel, who invested in the company, met Zuckerberg over the summer. At first, the group was going to go back to Harvard, but then they decided to stay in California.
Big companies had already passed on the chance to buy the company. In April 2009, Zuckerberg talked to Peter Currie, the former CFO of Netscape, about how to pay for Facebook. On July 21, 2010, Zuckerberg announced that the company had reached 500 million users. Facebook is now a vast social network, and Mark Zuckerberg is one of the wealthiest people in the world because of it.
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Facebook Net Worth
|Net Worth 2023||$320 Billion|
|Net Worth in Rupees||Rs. 26 Lakh Crore|
|Revenue||US $118.115 Billion|
|Operating income||US $35.131 Billion|
|Net Income||US $28.832 Billion|
|Total Assets||US $178.894 Billion|
|Total Equity||US $124.094 billion|
|PE Ratio January 2023||11.47|
|Number of Employees||76,000 (Nov 2022)|
|Brands||Facebook, Instagram, Messenger, WhatsApp, Oculus VR|
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Residential or Commercial Properties Owned by Mark
Zuckerberg and Chan’s total real estate and land holdings are valued at over $200 million. Their significant real estate holdings consist of 1,400 acres in Hawaii, multiple houses in Palo Alto, and a townhouse in San Francisco.
In 2011, Mark Zuckerberg paid $7 million for a modest 5,000-square-foot home in Palo Alto, where he and his family currently reside. In addition to this “little” property, he also owns the nearby residences, forming a secure complex together. In 2012, he purchased the four homes around Zuckerberg’s place.
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He paid a total of $43 million for the adjacent homes. He planned to demolish and reconstruct the homes, so he returned the leases to their original owners. His initial proposal to rebuild the last two houses as single-story residences was rejected by the municipal officials, so he submitted a revised plan.