Mark Zuckerberg's net worth increased by over $1 billion after Facebook's FTC fine — see the houses, cars, and travels where he spends his billions

AP Photo/Manuel Balce CenetaZuckerberg doesn’t care for opulence.
  • Mark Zuckerberg had a net worth of about $US68.2 billion in August 2019, making him the fifth-richest person in the world.
  • His 410 million shares of Facebook stock appreciated by more than $US1 billion after news of Facebook’s FTC fine broke in July.
  • Zuckerberg drives an affordable car and wears basic clothes, but appears to splurge on real estate, buying houses and then buying the surrounding properties for privacy.
  • Zuckerberg and his wife Priscilla Chan are generous philanthropists, investing billions in childhood education and medical research that they hope will cure all diseases in their children’s’ lifetimes.
  • Here’s how Zuckerberg and his wife Priscilla Chan have spent 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.

Shannon Stapleton/Reuters

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, and a Honda Fit, all of which are valued at or under $US30,000.

Getty Images/Kevork Djansezian

Sources: Business Insider, CNBC


He’s also been spotted driving a black Volkswagen Golf GTI, a car that he bought well into making his fortune. It’s a car that would cost about $US30,000 when new.

Volkswagen

Source: Business Insider


But, that’s not to say he hasn’t spent on at least one sports car, an Italian Pagani Huayra that sells for about $US1.3 million.

Charles Platiau/Reuters and Norbert Aepli/Wikimedia/CC 2.0 https://commons.wikimedia.org/wiki/File:2015-03-03_Geneva_Motor_Show_3249.JPGMark Zuckerberg and a Pagani Huayra. Not Zuckerberg’s actual car.

Source: Business Insider and Yahoo


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.


His most recent real estate splurge was on two lakefront properties on Lake Tahoe, which cost a combined $US59 million. One of the houses, called the Brushwood Estate, is 5,233 square feet and on six acres. The property features a guest house and a private dock.

Source: Business Insider, SF Gate


Between his two Lake Tahoe properties, he owns about 600 feet of private shoreline on Lake Tahoe’s west shore.

Source: Business Insider, SF Gate


When Zuckerberg buys properties, he tends to buy the other homes surrounding it for privacy reasons, just like he has done in Palo Alto.

AP

Source: Business Insider


Privacy is likely the same reason that he bought the second home — and is in talks to buy a third — in Lake Tahoe.

Facebook

Source: Business Insider


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


However, he does occasionally get to spend time with his family while travelling. Zuckerberg and Chan met with the pope in the Vatican, and reportedly gave the pope a model Facebook drone.

Source: Business Insider


Zuckerberg used over $US1 million in Facebook funds for personal travel in 2018, making it his most expensive year yet. While in Europe, he posted about celebrating his seventh anniversary with Priscilla Chan at the Parthenon in Athens.

Source: Facebook


In May 2019, he visited Paris to meet with French president Emmanuel Macron.

REUTERS/Charles Platiau

Sources:Business Insider,Bloomberg


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


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

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

AP

Source: Business Insider


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 2% after the FTC announced approval of the social media giant’s $US5 billion privacy settlement.

Tumblr

Source: Business Insider


Zuckerberg said in September 2017 that he planned to sell 35 to 75 million shares over the next 18 months to fund the Chan Zuckerberg Initiative, 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.”

AP

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.

Rick Wilking/Reuters

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…

Reuters

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 Images

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


In order to accomplish this lofty goal, the Chan Zuckerberg Initiative launched a $US3 billion nonprofit called Biohub to start looking into the cure of disease, including research on genomics, infectious diseases and implantable devices.

Adam Berry/Getty

Source: Business Insider


The scientists their nonprofit employed have started a study of brain-machine devices, including one called the Wand, which is an implant they say can help limit the symptoms of diseases like Parkinson’s and epilepsy.

Lachlan Cunningham/Getty Images for Breakthrough Prize

Source: Business Insider


Zuckerberg believes that his nonprofit will help speed up research to cure disease, and says that in the future, “we’ll basically have been able to manage or cure all of the major things that people suffer from and die from today. Based on the data that we already see, it seems like there’s a reasonable shot.”

REUTERS/Stephen Lam

Source: Business Insider

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