Mark Zuckerberg, 36, is currently the 5th richest person in the world with a fortune of $ 114 billion, according to the Forbes rankings. He is also the youngest billionaire in the top 10, with assets mainly from Facebook – a social network he founded and is CEO.
In May 2012, Facebook officially went public after eight years of establishment (2004). This is considered the largest technology IPO in history. With a 13% stake in Facebook, Mark Zuckerberg also quickly became a billionaire at the age of 27.
His fortune has steadily increased over the years. Last year alone, he added $ 42.3 billion thanks to a surge in Facebook, Instagram, and WhatsApp users during the pandemic.
Simple but expensive
Despite being considered an influential tech figure and one of the five richest people in the world, Mark Zuckerberg’s life is not as ostentatious as other billionaires. He is considered to have a simple lifestyle right from the way he dressed.
Mark Zuckerberg rarely appears in public with a luxury suite, except on special occasions, instead, he wears jeans, a T-shirt, and sweaters.
However, these clothes are said to be much more expensive than usual, costing hundreds to thousands of dollars. He once revealed that he dislikes thinking about what to wear every day, and shares the closet with the same clothes.
Many billionaires in the world have a hobby of collecting supercars, Mark Zuckerberg is still loyal to popular cars. Many people spotted him on the road with the Acura TSX, another time a Honda Fit. Both cost around $ 30,000.
When he first went to work, the Facebook CEO used to drive a black Volkswagen Golf GTI, with the current purchase price of about $ 30,000.
But he also appeared with Pagani Huayra – a sports car of Italy with a price of about 1.3 million USD.
Buy land to “preserve their natural beauty”
Mark Zuckerberg has a special interest in real estate and wants to own as much land as possible. In 2011, he bought a 5,000-square-meter home in Palo Alto for $ 7 million, then equipped many new technologies, including “custom AI assistant” for it.
A year later, he continued to spend an additional $ 30 million to buy four surrounding houses, then demolish and build new ones. This is also where he lives with his wife Priscilla Chan and two young daughters.
In 2013, the Facebook owner continued to buy more houses in Mission District (San Francisco), then spent millions of dollars on remodeling.
A year later, Mark Zuckerberg‘s real estate portfolio continued to grow. He spent up to $ 100 million to buy two plots of land on Kauai Island, Hawaii.
They cover an area of 300 hectares, located on an isolated beach. He and his wife said they bought them to “preserve their natural beauty”. In 2017, Mark spent an additional $ 45 million to buy another 36 hectares of land.
However, the presence of Mark Zuckerberg and his wife was not welcomed by Kauai Islanders, especially after he decided to build a nearly 2-meter-high wall around the estate to separate it from other houses. Some have sued him.
Recently, Mark Zuckerberg spent a lot of money on a series of other real estates, including two lakeside lands of Lake Tahoe with a total value of 59 million USD.
When buying real estate, Zuckerberg tends to buy other homes around him for privacy reasons, like the one in Palo Alto.
Travels not for entertainment
The Facebook CEO also rarely travels for entertainment. However, he travels to many countries around the world, mainly for work. Facebook pays for these trips. Besides, social media also spent money to protect the Zuckerberg family. In 2020 alone, Facebook spent more than $ 23 million to ensure the safety of him and his family, $ 3 million higher than in 2019.
Several times Zuckerberg has traveled with his family and chose Hawaii as his resort. Last year, he was caught riding a $ 12,000 electric surfboard and kayaking. The image of him surfing with a white face later became the subject of online photography.
You may not know that Priscilla Chan and Mark Zuckerberg first met while waiting in line in the toilet at a party at Harvard University in 2003.
However, it was not until 2012 that the couple officially ended. Kiss, a few days after Chan graduated medical school and Zuckerberg just made Facebook a public company.
Priscilla Chan and Mark Zuckerberg don’t often talk about their private lives. Therefore, there are very interesting things about the marriage of two people that many people do not know.
At the time of the couple’s marriage, Mark Zuckerberg had a fortune of $ 17 billion. For this reason, many people expect their wedding ring to be extremely “monumental”.
However, contrary to expectations, Mark Zuckerberg gave Priscilla Chan a fairly simple and modest wedding ring with rubies and two small diamonds for $ 25,000.
To compare with the wedding ring of the “rich”, Kim Kardashian once received a marriage proposal ring for up to $ 2 million.
The wedding of Zuckerberg and Chan took place in their backyard with simple dishes. Here, you can even meet Mexican food for about $ 7.5 USD.
The process of trying on Chan’s wedding dress is also extremely hard. Because Mark Zuckerberg is so highly personal, Chan flew all the way to Denver, using a fake name to try on a wedding dress. The two then went on a simple honeymoon in Italy, where they were even caught by the media while eating at McDonald’s.
Simplicity and frugality can be what holds the two together.
Philanthropy, like many other billionaires
In addition to real estate, Zuckerberg focuses a lot on philanthropy. He has signed the Giving Pledge fund with Bill Gates, Warren Buffett, and more than 200 millionaires and other billionaires, pledging to donate the majority of his fortune to charity.
The Facebook CEO also plans to donate 99% of his fortune and put in the Chan Zuckerberg Initiative (CZI) – a charity founded by Zuckerberg and his wife in 2015, focusing on “learning, healing, connecting people. and building strong communities”. Currently, CZI has awarded about $ 2 billion in funding over the years.
In addition, CZI has also poured billions of dollars into research on global curative methods.
To that end, CZI created a non-profit organization called Biohub, which seeks to cure diseases, including research into genomes, infectious diseases and implantable devices.
Speaking to The New Yorker in 2018, Zuckerberg believes that Biohub will help speed up the research into curative methods.