Mark Zuckerberg Net worth
- Name: Mark Elliot Zuckerberg
- Born: May 14, 1984
- Age: 36
- Occupation: Internet entrepreneur, philanthropist, media mogul.
- Parents : Karen (née Kempner), Edward Zuckerberg
- Spouse(s) : Priscilla Chan (m. 2012)
- Children: 2
- Year active: 2004–present
- Facebook: com/Zuck
- Twitter :
- Net Worth: $ 108.9 billion
Mark Zuckerberg Net Worth
Mark Elliot Zuckerberg, born in White Plains, New York on May 14th, 1984 to Edward Zuckerberg a dentist by profession, and Karen a psychiatrist. He has three sisters Randi, Donna, and Arielle Zuckerberg. The Zuckerberg children grew up in Dobbs Ferry, New York in Westchester County.
In middle school, he began using computers and writing software. Zuckerberg was taught BASIC programming by his father in the 1990s later on he hired David Newman a software developer to tutor Mark privately. For his freshman and sophomore years, Zuckerberg went to Ardsley High School. He attended Phillips Exeter Academy for his junior and senior years. While in Phillips Exeter Academy he won several prizes in physics, math, astronomy, and classic studies.
While Mark was in high school he took a graduate-level course at Mercy College in BASIC programming. He built a software called “ZuckNet”. The software linked all the computers in Zuckerberg’s home with the computers at his father’s dental practice. AOL’s Instant Messenger was launched a year later and it operated much like Mark’s “ZuckNet”.
Mark also built a player called the Synapse Media Player in high school. The player’s system worked by learning the user’s listening habits, the AOL, later on, tried to buy it and hire Zuckerberg. Microsoft also bid several million dollars for Synapse and tried to hire Zuckerberg but he did not accept either offer and enrolled at Harvard.
Life at Harvard:
Mark was known as a programming prodigy by the time he got into Harvard. He chose to study psychology and computer science. He was a member of Alpha Epsilon Pi fraternity and Kirkland house. When he was in his sophomore year he wrote a program for CourseMatch in which the users were able to make the selection of their classes based on the other students’ choices as well as the study groups.
Not long after his first programming experience at Harvard, he created another program Facemash, which let the users select the best-looking person from a group of photos. The site got so much traffic just in the first week of its launch that the university server shut down.
The following semester of Facemash, in January 2004, Zuckerberg began writing code for a new website, and in February 2004 from his dorm room he launched “The Facebook” originally located at thefacebook.com, with his classmates Dustin Moskovitz, Chris Hughes, and Eduardo Saverin.
Mark dropped out of Harvard in his sophomore year to work on Facebook. He received an honorary degree from Harvard in 2017.
After leaving Harvard Mark along with Moskovitz and some other friends moved to Palo Alto, California. They leased a small house in there that was used as an office for Facebook. Zuckerberg met Peter Thiel in the summer of 2004 who invested in Facebook. The initial plan of the team was to return to Harvard but later on, decided to remain in California. By then several offers to buy Facebook were turned down by them.
In April 2009, Mark met the former CEO of Netscape Peter Currie in discussed the financial strategies for Facebook. Zuckerberg reported in July 2010 that Facebook reached the 500 million user mark. Today Facebook is the most popular social networking website and has been a milestone for Mark and has been a major source of increasing his net worth and taking it to an unbelievable level.
As Eric Schmidt, Larry Page, and Sergey Brin, Mark Zuckerberg’s salary is $1 per year. Yes..!! $1. There is no typo error here. Many executives like mark chose to pay themselves very low salaries in order to increase the profit of their companies. When the profit is maximized by the company it also increases the overall worth of the stocks of that company in the market which helps in determining the wealth of the executives.
Three Harvard students Divya Narendra, Cameron Winklevoss, Tyler Winklevoss filed a lawsuit against Mark in which it was stated that he intentionally made them believe that he would help them in building their website HarvardConnection.com but he stole the idea of their website and launched his website Facebook. The case was settled with the settlement payment of 1.2 million common shares plus a payout of $20 million cash. If those shares are still owned then they would be worth $200 million. A part of those shares was sold by the Winklevoss brothers to fund their Bitcoin investments.
On April 10 and April 11, 2018, Zuckerberg began testifying before the United States Senate Committee on Commerce, Science, and Transportation regarding the usage of personal data by Facebook concerning the Facebook–Cambridge Analytica data breach. Zuckerberg called the whole affair a breach of trust between Aleksandr Kogan, Cambridge Analytica, and Facebook.
During a party in his sophomore year Mark met Priscilla Chan, they began dating in 2003, and she was a fellow student at Harvard. In September 2010 he invited her to move into his rented Palo Alto house. Priscilla was studying medicine at the University of California then.
They both got married on May 19, 2012. The ceremony took place in Zuckerberg’s backyard in an event in which they also celebrated her graduation from medical school. On December 1, 2015, their first daughter was born and in August 2017 the couple welcomed their second daughter.
Mark Zuckerberg and his wife owns a total of $200 million worth of real estate and land. Some of which include 700 acres in Hawaii, several homes in Palo Alto among which the main home in which he lives with his family is a modest 5000 sq ft which he purchased for $7million in 2011.
In 2012 he started buying properties surrounding his house which cost him $43 million. In 2013 he bought a 5,500 sq. ft. townhouse in San Francisco for $10 million. That house was built in 1928 on a 9800 sq. ft. lot. It cost mark $65000 to remodel the kitchen and bathroom of that house.
In 2014, Mark bought two properties of a total of 750 acres in Kauai, Hawaii for $100 million. In 2017 he bought another 89 acres nearby these properties for $45 million.
- “Move fast and break things. Unless you are breaking stuff you are not moving fast enough.”
- “I mean, the real story is actually pretty boring, right? I mean, we just sat at our computers for six years and coded.”
- “People don’t care about what you say, they care about what you build.”
- “I think a simple rule of business is, if you do the things that are easier first, then you can actually make a lot of progress.”
- “Give everyone the power to share anything with anyone.”
- “The biggest risk is not taking any risk. In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”
- “If you just work on stuff that you like and you’re passionate about, you don’t have to have a master plan with how things will play out.”
- “People can be really smart or have skills that are directly applicable, but if they don’t really believe in it, then they are not going to really work hard.”
- “Our society needs more heroes who are scientists, researchers, and engineers. We need to celebrate and reward the people who cure diseases, expand our understanding of humanity and work to improve people’s lives.”
- “I look at Google and think they have a strong academic culture. Elegant solutions to complex problems.”
Mark Zuckerberg founded Facebook from his college dorm room when he was just 19 years old he is among the youngest rich person alive with a net worth of $106.9 billion.