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- Silicon Valley executives are among the richest people on the planet.
- They are also among the most famous, and can become a lightning rod for public anger.
- They spend millions on security measures: hiring armed bodyguards, installing bulletproof panels in their offices, and installing rumored escape passages.
- Scroll on to see how much the likes of Mark Zuckerberg and Jeff Bezos spend on security.
- Visit Business Insider’s homepage for more stories.
Silicon Valley contains a high concentration of the world’s richest tech billionaires, many of whom spend huge amounts on personal security measures.
Public filings can give us some insight into how much tech moguls spend on security, as their companies shell out millions to keep their executives safe, sometimes by buying them commodities like private planes.
Public records are just the tip of the iceberg, as Silicon Valley’s richest can supplement their security costs out of their own (considerably deep) pockets.
Here, in ascending order, is how much tech’s C-suite stars spend on security.
Jack Dorsey: $68,500 at last count.
Scott Mahaskey
Jack Dorsey’s security costs were last revealed in 2016 in an SEC filing that showed Twitter paid him $68,506 for "residential security and protective detail."
Otherwise, Dorsey declined all compensation, a practice which he has more or less continued — his 2018 salary amounted to $1.40.
See more: Twitter paid CEO Jack Dorsey just $1.40 as his salary in 2018 — and that was a pay raise
Eric Schmidt: $296,353
REUTERS/Brian Snyder
Schmidt stepped down as Google chairman in 2018, and the previous year the company spent just under $300,000 on Schmidt’s personal security. Forbes currently puts Schmidt’s net worth at $13.2 billion.
Source: Forbes
Tim Cook: $310,000
Getty Images/Chip Somodevilla
Apple spent $310,000 on CEO Tim Cook in 2018, according to a proxy statement filed in January of this year. By Silicon Valley standards, this is a very humble expenditure — especially considering Apple regularly dips in and out of being the world’s most valuable company.
Source: Wired
See the rest of the story at Business Insider
See Also:
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- Facebook’s former security chief says Mark Zuckerberg has too much power and needs to step down as CEO
- Inside Amazon’s battle to put down an unprecedented shareholder revolt over facial recognition
Source: Business Insider – feedback@businessinsider.com (Isobel Asher Hamilton)