Mark Zuckerberg’s net worth and how he spends it

Mark Zuckerberg, the 33-year-old founder and CEO of Facebook, has a net worth of $72 billion [£52bn] and counting.

He’s the fourth-richest person in the world, according to Bloomberg’s Billionaires Index, but it seems he doesn’t have a taste for opulence, especially when it comes to cars, clothes, and travel.

He is a member of the Giving Pledge and cofounder of the Chan Zuckerberg Initiative. He started this initiative with his wife and college sweetheart, Priscilla Chan. The Harvard dropout leads a low-key lifestyle with Priscilla and their two young daughters.

In May 2012, eight years after its founding, Facebook debuted on the New York Stock Exchange. At the time, it was the biggest technology IPO in history. Each year since then, Zuckerberg has added an average of $9 billion [£6.4bn] to his net worth.

Like many other Silicon Valley devotees, Zuckerberg favours a uniform. Though casual in appearance, his signature grey T-shirts and hoodies are designed by luxury brands and are reportedly much more expensive than they look, retailing for hundreds and even thousands of dollars.

Zuckerberg is known for driving relatively inexpensive cars. He’s been seen in an Acura TSX, a Volkswagen hatchback, and a Honda Fit, all of which are valued at or under $30,000 [£21,571].

There’s one thing Zuckerberg doesn’t seem to mind splurging on: real estate. In May 2011, he bought a 5,000-square-foot home in Palo Alto for $7 million [£5m]. The next year, he began buying the properties surrounding his home, spending more than $30 million [£21.5m] to acquire four homes, with plans to level them and rebuild.

Ultimately, lavishness and luxury are just a blip on Zuckerberg’s radar. In fact, his main priority is giving his money away, rather than spending it.

TNT Business

Photo Credit: Y Combinator

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