Mark Zuckerberg and his college-sweetheart wife Priscilla Chan are worth billions — see their houses, cars, and travels

  • Mark Zuckerberg has a net worth of about $US56 billion, making him the eighth-richest person in the world.
  • Zuckerberg drives a cheap car and wears basic clothes, but appears to splurge on real estate.
  • Zuckerberg and his wife Priscilla Chan are generous philanthropists, investing billions in childhood education and medical research.

Mark Zuckerberg, the 34-year-old founder and CEO of Facebook, has a net worth of about $US56 billion, according to Forbes.

His fortune is down billions after a tumultuous several months for Facebook’s stock price.

Now Zuckerberg is currently the eighth-richest person in the world, but it seems he doesn’t have a taste for opulence, especially when it comes to cars, clothes, and travel.

As a member of the Giving Pledge and cofounder of the Chan Zuckerberg Initiative, which he started with his wife and college sweetheart, Priscilla Chan, the Harvard dropout has dedicated much of his fortune to charitable causes.

Keep reading to find out exactly how Zuckerberg and Chan spend their billions.


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 the IPO, Zuckerberg has added an average of $US9 billion to his net worth.

Source: Fortune


Despite his status as one of the richest tech moguls, the Harvard dropout leads a low-key lifestyle with his wife, Priscilla Chan, and their two young daughters.

FacebookMark Zuckerberg and Priscilla Chan with their daughter Max.

Like many other Silicon Valley stalwarts, 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.

Drew Angerer / Staff

Source: Business Insider, GQ


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 $US30,000.

Getty Images/Kevork Djansezian

Sources: Business Insider, CNBC


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 — which he’s since tricked out with a “custom-made artificially intelligent assistant” — in Palo Alto for $US7 million.

Zillow

Source: San Francisco Chronicle, CNBC


The next year, Zuckerberg began buying the properties surrounding his home, spending more than $US30 million to acquire four homes, with plans to level them and rebuild.

Steve Jennings/Getty

Source: San Francisco Chronicle, CNBC


He also owns a townhouse in the Mission District of San Francisco. He bought the 5,500-square-foot home in 2013 and proceeded to make over $US1 million in renovations, including adding a greenhouse and remodeling the kitchen.

Flickr/Brad GreenleeZuckerberg’s home is near Dolores Park, in the Mission District of San Francisco.

Source: Curbed San Francisco


In 2014, the billionaire’s real-estate portfolio jumped the Pacific when he spent $US100 million on two properties on the island of Kauai: the Kahu’aina Plantation, a 357-acre former sugarcane plantation, and Pila’a Beach, a 393-acre property with a white-sand beach.

Source: Business Insider, Forbes


Zuckerberg said he and Chan bought the land because they’re “dedicated to preserving its natural beauty.”

Source: Business Insider, Forbes


According to Zuckerberg’s Facebook page, the property’s farm is home to goats and turtles. “Our farm animals are ridiculous,” he captioned the photo below.


Zuckerberg doesn’t appear to travel much for pleasure. But when he does travel, Facebook foots the bill. Zuckerberg’s security detail and transportation cost the company nearly $US5 million in 2015.

Source: Business Insider


The costs to protect Zuckerberg rose to over $US7 million in 2017, after he spent the summer traversing America as part of his personal goal to visit every US state in a year.

Facebook

Source: Business Insider


In 2018, Facebook approved a record-high $US10 million annual security budget for Zuckerberg. He can spend the money on bodyguards, security measures for his houses, and private aircraft.

Source: Business Insider


On his whirlwind tour around the US, the CEO dined with a family at their home in Ohio, met with former opioid addicts, worked on an assembly line at a Ford factory, met with members of the military, and even fed a calf.

Source: Business Insider


Zuckerberg shared photos on Facebook of his experiences in America’s heartland, and he seemed right at home.

Facebook

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

Justin Sullivan/Getty

Zuckerberg is a member of the Giving Pledge, joining Bill Gates, Warren Buffett, and over 100 other billionaires vowing to donate the majority their wealth to philanthropy. He plans to sell 99% of his Facebook shares during his lifetime.

Source: Business Insider


Zuckerberg has complete control over Facebook’s future, thanks to his majority voting rights. Facebook’s stock price rose over 50% from April 2016 to September 2017, and Zuckerberg said he plans to accelerate selling shares to fund The Chan Zuckerberg Initiative.

Tumblr

Source: Business Insider


Zuckerberg said in September 2017 that he planned to sell 35 to 75 million shares over the next 18 months, totaling between $US6 billion and $US12 billion.

Paul Marotta/Getty Images

Source: Business Insider


Some of his Facebook shares will go toward the Chan Zuckerberg Initiative, a philanthropic organisation he founded with his wife in 2015 focused on “personalised learning, curing disease, connecting people, and building strong communities.”

Source: Business Insider


The Chan Zuckerberg Initiative is tackling both local and global issues. In 2016 Zuckerberg and Chan invested $US3 billion into research focused on curing the world’s diseases by the end of the century.

Source: Business Insider


In an in-depth interview with the The New Yorker, Zuckerberg said people in Silicon Valley react to his pledge to cure all diseases in one of two ways…

Sources: The New Yorker, Business Insider


“A bunch of people have the reaction of ‘Oh, that’s obviously going to happen on its own — why don’t you just spend your time doing something else?’ And then a bunch of people have the reaction of ‘Oh, that seems almost impossible — why are you setting your sights so high?'”

Drew Angerer/Getty ImagesMark Zuckerberg (2nd from R), chief executive officer of Facebook, speaks with (L-R) Felicia Horowitz, founder of Horowitz Family Foundation and wife of venture capitalist Ben Horowitz, Thomas Staggs, former chief operating officer of The Walt Disney Company, and Haim Saban, chairman of Univision Communications and chief executive of the Saban Capital Group, the annual Allen & Company Sun Valley Conference, July 12, 2018 in Sun Valley, Idaho.

Sources: The New Yorker, Business Insider


In 2017, the Chan Zuckerberg Initiative partnered with housing startup Landed, giving $US5 million to help at least 60 teachers in Redwood City and East Palo Alto, California, purchase real estate.

Mark Zuckerberg / Facebook

Source: Business Insider

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