Facebook CEO Mark Zuckerberg doesn't spend too much money on clothes or super cars, but focuses on real estate and charity.
Mark Zuckerberg, 36 years-old, 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.
Mark Zuckerberg and his wife Priscilla Chan during an event in 2015. Photo: AP.
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.
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 shared pictures of his wardrobe in 2016. Photo: Mark Zuckerberg.
Mark Zuckerberg rarely appears in public with a luxury suit, except on special occasions, instead, he wears jeans, 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.
Zuckerberg rarely appears with luxury cars, instead of popular cars. Photo: Kevork Djansezian.
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. 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 the 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.
Zuckerberg currently owns hundreds of millions of dollars in real estate. Photo: Zillow.
Recently, Mark Zuckerberg spent a lot of money on a series of other real estate, including two lakeside land 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.
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.
The moment Zuckerberg surfed with a white face. Photo: New York Post.
In addition to real estate, Zuckerberg focuses a lot on philanthropy. He has signed the Giving Pledge 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 the 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.
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