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- Mark Zuckerberg is the eighth-richest person in the world.
- The Facebook co-founder and CEO has an estimated $67.3 billion net worth, according to Forbes.
- Zuckerberg‘s net worth took a recent tumble, but he’s still filthy rich.
- Visit BusinessInsider.com for more stories.
Facebook CEO and co-founder Mark Zuckerberg lost more money than any of the world’s 500 richest billionaires during Facebook’s catastrophic year. But even though Zuckerberg’s net worth has been on a rollercoaster ride recently, he still remains one of the world’s richest people.
His estimated net worth is currently $67.3 billion, according to Forbes. In spite of his billions, Zuckerberg doesn’t have a taste for opulence, especially when it comes to cars, clothes, and travel, reported Business Insider’s Tanza Loudenback. He does, however, have an affinity for developing his real estate portfolio — he recently dropped $60 million on two Lake Tahoe properties.
As a member of the Giving Pledge and cofounder of the Chan Zuckerberg Initiative, which he started with his wife Priscilla Chan, Zuckerberg has dedicated much of his fortune to charitable causes.
No matter how he spends his money, it seems that Zuckerberg will always have billions left over. Here, nine mind-blowing facts that show just how rich Zuckerberg really is.
1. Zuckerberg is so rich that he’s able to live off an annual salary of $1.
Justin Sullivan/Getty Images
He previously made a reported $770,000 from his Facebook salary and bonuses, but he slashed his salary to its current rate in 2013. That means a huge chunk of his wealth is tied to Facebook stock, of which he owns nearly 17%, reported Business Insider’s Jake Kanter.
2. Each year since Facebook’s IPO in 2012, Zuckerberg has added an average of $9 billion to his net worth.
AP
At $16 billion, Facebook is the second biggest tech IPO in history. Since then, the stock has increased by more than 408% for a current market capitalization of $547 billion, reported Lucinda Shen for Fortune.
3. However, Zuckerberg’s 2019 net worth sank by nearly $9 billion compared to the previous year — but he still retained a spot in the world’s top 10 richest people.
Reuters
Zuckerberg’s net worth fell following a year of Facebook scandals, reported Kanter. He dropped three places down Forbes’ 2019 billionaire’s list from 5th to 8th place.
See the rest of the story at Business Insider
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Source: Business Insider – hhoffower@businessinsider.com (Hillary Hoffower)