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This story was originally business insider.
Mark Zuckerberg is one of the richest people in the world.
Meta’s founder and CEO’s fortune surpassed $100 billion last year, making him one of the 10 centimeter billionaires on the planet. Zuckerberg’s net worth was $101.1 billion as of June. According to Forbes.
Mr. Zuckerberg has kept a low profile, but has been splurging on real estate, especially in the tropical paradise of Hawaii. He and his wife Priscilla Chan also invest in early childhood education and medical research.
Zuckerberg recently accepted this A random “cage match” challenge from Twitter CEO Elon Musk. Meta CEO is known to have participated in: jiu jitsu tournament and Other recreational sports.
From cars to real estate to philanthropy, here’s how tech moguls spend their billions.
Facebook went public on the New York Stock Exchange in May 2012.
Zuckerberg, New York May 18, 2012.Shannon Stapleton/Reuters
Facebook has reached a milestone eight years after its founding. At the time, it was the largest tech IPO in history, and Mark Zuckerberg’s fortune skyrocketed.
Much of Zuckerberg’s wealth comes from meta.
Getty via BI
The executive owns a 13% stake in the company, whose parent company is now called Meta.
However, his salary is not that great. In fact, his take home salary is just $1.
However, he is quite reserved.
Priscilla Chan and Mark Zuckerberg via Bloomberg, Getty Images, BI
Despite being one of the richest tech moguls, the 38-year-old Harvard dropout lives a down-to-earth life with his wife, Priscilla Chan, and two young daughters.
And he doesn’t like flashy clothes.
Mark Zuckerberg at Facebook Connect 2021 Facebook via BI
Like many other Silicon Valley heavyweights, Zuckerberg doesn’t wear flashy suits and keeps things simple with jeans, t-shirts, and sweaters.
However, it is said to be much more expensive than it looks, retailing in the hundreds, possibly thousands of dollars.
He doesn’t like flashy vehicles either.
Zuckerberg in 2012. Kevork Djansezian/Getty Images via BI
Zuckerberg is known for driving relatively cheap cars. He has been spotted riding an Acura TSX and a Honda Fit, both worth his $30,000 or less.
He loves his signature Volkswagen.
Tony Avelar/AP (via BI)
He has been spotted driving a black Volkswagen Golf GTI that he bought after making his fortune. The new car price is about $30,000.
sauce: insider
Although he splurges on cars…
Mark Zuckerberg and Pagani Huayra. Not a real Zuckerberg car. Charles Platiau/Reuters and Norbert Aepli/Wikimedia/CC 2.0
He dropped a lot of cash on at least one sports car. It’s an Italian Pagani Huayra that sells for around $1.3 million.
And most recently, I posted some new wheels on Instagram.
Not Zuckerberg’s car.Jon Prieto/Denver Post, Getty Images via BI
In July, Zuckerberg posted a photo of what appeared to be a refurbished vintage Ford Bronco, one in baby blue and one in black, with the caption “his and hers.” . Price unknown.
He spends his money more freely on real estate.
Zillow via BI
In May 2011, he bought a 5,000-square-foot house in Palo Alto for $7 million. Since then, he’s tricked it with a “custom-built artificial intelligence assistant.”
sauce: San Francisco Chronicle, CNBC
He then bought up land nearby.
KENZO TRIBOUILLARD / Contributor / Getty via BI
The following year, Zuckerberg began buying real estate around his home, spending more than $30 million on four homes with plans to level and rebuild.
sauce: San Francisco Chronicle, CNBC
He also owned a townhouse in San Francisco’s Mission District.
San Francisco in 2020. Ahmet Karaman/Anadolu Agency/Getty Images via BI
He purchased the 5,500-square-foot home in 2013 and underwent over $1 million in renovations, including adding a greenhouse and remodeling the kitchen.
But in July 2022, he sold it in an off-market sale for $31 million, making it San Francisco’s largest residential real estate deal so far this year.
sauce: curved san francisco, business insider
Then there is Hawaii.
Kauai beach. Wolfgang Kaehler/LightRocket, via Getty Images, BI
In 2014, the billionaire’s real estate portfolio caught the Pacific wave, spending $100 million on two properties on Kauai. Kahuaina Plantation (357 acres former sugar cane plantation) and Piraa Beach (393 acres). – Acre property with white sand beach.
However, there was a backlash.
Kauai beach.Jennifer McDermott/AP via BI
In 2016, Zuckerberg angered his neighbors by building a six-foot-tall wall around his property, and in 2017, Zuckerberg claimed legal ownership of a parcel of land on his property. filed a lawsuit against the alleged Hawaiian family. He dropped the lawsuit, but residents accused him of being “neo-colonial”.
sauce: insider
He is also increasing his Hawaii real estate.
Wailua Falls on Kauai, Hawaii. Andriy Prokopenko/Getty Images Via BI
In March 2021, he spent $53 million on about 600 acres of land on Kauai, and in December bought another 110 acres nearby for $17 million.
sauce: insider
Acquisitions serve as a break for management.
Facebook via BI
When Zuckerberg is in Hawaii, he seems to spend his time relaxing and enjoying his hobbies. He was photographed in the waters off Kauai on a $12,000 electric surfboard, practicing shooting arrows and throwing spears on the property.
Zuckerberg made another big real estate purchase in 2018.
Lake Tahoe. Gado/Getty Images (via BI)
He spent a fortune on two Lake Tahoe properties for a total of $59 million. One of his is called “Brushwood Estate” and he has 5,233 square feet on 6 acres. It has a guest house and a private dock.
Mr. Zuckerberg owns approximately 600 feet of private shoreline on the west shore of Lake Tahoe, between two Lake Tahoe properties. When Zuckerberg buys properties, he tends to buy other homes in the surrounding area for privacy reasons, as he did in Palo Alto.
sauce: insider, sci-fi gate
Mr. Zuckerberg doesn’t seem to travel much as a hobby.
Zuckerberg this summer. Kevin Dietsch/Getty Images via BI
But Mehta, who travels around the world for work, will bear the costs. Zuckerberg and his family’s safety cost the company $23 million in 2020, the company reported.
sauce: insider
Luxury and opulence are, after all, just a tiny fraction of Zuckerberg’s radar.
In fact, his main priority seems to be donating money, not spending it.
Zuckerberg signed the Giving Pledge.
Bill Gates and Mark Zuckerberg Beck Diefenbach/Reuters Via BI
He joins Bill Gates, Warren Buffett, and over 200 other millionaires and millionaires who have pledged to donate most of their wealth to charity. He plans to sell his 99% stake in Facebook during his lifetime.
sauce: insider
He intends to make a large donation to his and his wife’s organisations.
Mark Zuckerberg and wife Priscilla Chan. Peter Barreras/Invision/AP
In September 2017, Zuckerberg said he plans to sell 35 million to 75 million shares over the next 18 months to raise funds for the Chan Zuckerberg Initiative, for a total of $6 billion to $12 billion. Stated.
The Chan Zuckerberg Initiative is a charity that Zuckerberg founded with his wife in 2015 that focuses on “personalized learning, treating disease, connecting people and building strong communities.” . CZI has awarded nearly $3 billion in grants over the years.
sauce: insider, insider, CZIMore
CZI invests in addressing both local and global issues.
Justin Sullivan/Getty Images via BI
In 2020, for example, the organization poured $4.2 million into an employment program for Kauai residents and pledged $1 million to help fight the coronavirus in the region. CZI also donated millions of dollars last year to causes such as criminal justice reform and affordable housing.
They also donate to research.
Mark Zuckerberg and Priscilla Chan AP (via BI)
Zuckerberg and Chan have poured billions of dollars into research focused on curing the world’s diseases by the end of the century. To reach this lofty goal, CZI launched a non-profit organization called Biohub to explore cures for disease, including research into genomics, infectious diseases, and implantable devices.
Zuckerberg believes biohubs can help accelerate research into cures.
Drew Angerer/Getty Images via BI
He told The New Yorker magazine in 2018, “Basically all the major diseases that people suffer and die from today will be able to be controlled or cured. There seems to be a solution,” he said. . ”
sauce: New Yorker
But Zuckerberg is still busy with his day job.
Hannah McKay Pool/Getty Images via BI
In the past few years alone, he has testified before lawmakers, tried to counteract coronavirus misinformation on Facebook, and suspended former President Donald Trump from the platform.
Then there was the whistleblower.
Facebook whistleblower Francis Hogen testified before a Senate committee.Matt McClane/Getty Images via BI
In 2021, two former employees came forward alleging that the company’s management consistently chose profit over safety.
One of the whistleblowers, Francis Hogen, leaked a large number of internal documents known as Facebook documents. It detailed internal issues such as the company’s impact on teens and its commitment to hate speech.
Appearance of “Metamate”
Facebook CEO Mark Zuckerberg announced the rebranding of Meta on Thursday.Eric Risberg/AP Photo
In October 2021, Facebook officially changed its name to Meta, reflecting its new focus on the Metaverse, a virtual space where users can interact digitally as avatars.
“It’s going to be metaverse first, not Facebook first,” Zuckerberg said at the time.
sauce: insider
A ‘cage match’ with Elon Musk?
In his spare time, Zuckerberg may be challenged to fight one of his billionaire contemporaries.
On Tuesday, Tesla founder and Twitter CEO Elon Musk said: “For the cage match‘ said Zuckerberg.
“Send me your location,” Zuckerberg, who is known to practice jiu-jitsu, replied on his Instagram story on Wednesday.
Musk suggested the Octagon in Las Vegas, where the UFC tournament will be held.
It’s unclear if Musk and Zuckerberg will pay for the fight.
The Meta founder likes to share how he stays in shape. MMA training and participation in jiu-jitsu tournaments.
In May Zuckerberg said he won 2 Medals at Jiu-Jitsu Tournament in Redwood City, California.
Meanwhile, Zuckerberg’s fortune skyrocketed.
Getty via BI
Back in August 2020, the launch of a new Instagram feature designed to compete with TikTok sent both the company’s stock price and Zuckerberg’s net worth to new heights.
The move made Zuckerberg’s net worth over $100 billion for the first time, making him one of the ten centibillionaires on the planet.
Since then, his wealth has dwindled and fluctuated. Around February, the CEO was worth about $67.2 billion.
But after a brief dip, in June his net worth returned to the $100 billion mark for the first time since February 2022. Forbes reported.
sauce: bloomberg
Tanza Loudenback, Taylor Nicole Rogers, and Liz Knueven contributed early versions of this story.