Mark Zuckerberg founded Facebook in 2004 when he was still a college student. Since the company went public in 2012, the CEO has added an average of $9 billion each year to his fortune.
Zuckerberg drives a cheap car and wears basic clothes, but hehim and his wife, Priscilla Chan, they are known to spend their money on houses. Those that tend to add the surrounding land over time, probably also for security reasons.
Besides, they invest billions in children’s education and medical research with which they hope to cure all diseases.
Beyond that, Zuckerberg maintains a fairly austere lifestyle. He doesn’t splurge on trips, his wedding was held in his backyard, their honeymoon menu included McDonald’s, and he promised to donate 99% of his Facebook shares over his lifetime. the.
In May 2012, eight years after its founding, Facebook debuted on the New York Stock Exchange. At the time, it was the largest technology initial public offering in history.
Like many others in Silicon Valley, Zuckerberg likes to go almost in uniform. Although casual in appearance, their gray t-shirts and hoodies are designed by luxury brands and are much more expensive than they appear.
Zuckerberg is known for driving relatively cheap cars. He has been seen in an Acura TSX, and a Honda Fit, all valued at or below $30,000.
He has also been seen driving a black Volkswagen Golf GTI, a car he bought when he was already rich. It’s a car that would cost about $30,000 new.
But he did indulge in a sports car whim, an Italian Pagani Huayra that sells for about 1.3 million dollars.
In May 2011, he bought a 5,000-square-foot house — outfitted with a “personalized intelligent virtual assistant” — in Palo Alto for $7 million.
The following year, Zuckerberg began buying the land surrounding his house, spending more than $30 million to acquire 4 houses, with plans to renovate them.
He also owns a home in the Mission district of San Francisco. He bought the 5,500-square-foot home in 2013 and proceeded to spend more than $1 million to renovate it, including building a greenhouse and remodeling the kitchen.
In 2014, the billionaire’s property portfolio expanded to the Pacific when he spent $100 million on 2 properties on the island of Kauai: the Kahu’aina Plantation, a 144-hectare former sugar cane plantation, and Pila’a Beach. , a 159-hectare property with a white-sand beach.
He recently bought 2 properties on the shores of Lake Tahoe, which cost a total of 59 million dollars. One of the houses, called the Brushwood Estate, is 486 square meters and 2.5 hectares. The property has a guest house and a private dock.
Between his 2 Lake Tahoe properties, he owns over 600 feet of private shoreline on the west shore of Lake Tahoe.
When Zuckerberg buys a property, he tends to buy the houses around it for security reasons, as he did in Palo Alto.
Luxury is not the only thing in Zuckerberg’s life. The CEO of Facebook donates a large part of his money.
Zuckerberg said in September 2017 that he planned to sell 35 million to 75 million shares over the next 18 months to finance the Chan Zuckerberg Initiativefor a total of between 6,000 and 12,000 million dollars.
Some of his Facebook shares went to the Chan Zuckerberg Initiative, a philanthropic organization he founded with his wife in 2015 that focuses on “Personalized learning, curing disease, connecting people, and building strong communities.”
The Chan Zuckerberg Initiative deals with both local and global issues. In 2016, Zuckerberg and Chan spent $3 billion on research. focused on curing the world’s diseases before the end of the century.
To achieve its goals, the Chan Zuckerberg Initiative launched a $3 billion non-profit organization called Biohub to begin research on cures for diseases, including research in genomics, infectious diseases, and implantable devices. (AND)
We would love to say thanks to the writer of this write-up for this awesome content
This is how Mark Zuckerberg lives and spends his money, creator of Facebook and CEO of Meta | People | Entertainment