How Mark Zuckerberg, the low-key billionaire who drives cheap cars is spending his fortune
The fortune of Facebook CEO Mark Zuckerberg has grown by more than $ 25 billion in the last year alone.
In a Business Insider article, examines how Zuckerberg is spending his $ 129 billion estate.
In this regard, it is explained that “Zuckerberg’s fortune has exceeded $ 100 billion, making him one of the top 10 cyber millionaires on the planet.”
In this sense, it is detailed that âZuckerberg almost always keeps a low profile, but wastes on real estate. Him and his wife, Priscilla chanThey are also investing in early childhood education and medical research â.
“In May 2012, eight years after its inception, Facebook debuted on the New York Stock Exchange.” At the time, it became “the largest tech IPO in history and Mark Zuckerberg’s wealth multiplied.”
Most of Zuckerberg’s fortune comes from his 13% stake in Facebook, now known as Meta. But he doesn’t have a big salary: in fact, his take-home pay is barely a dollar. “
Despite being one of the richest men in the business, “the 36-year-old Harvard dropout leads a low-key life with his wife, Priscilla Chan, and their two young daughters.”
“Zuckerberg doesn’t wear flashy suits, but limits himself to wearing jeans and T-shirts, although they are said to be much more expensive than they appear since they cost hundreds if not thousands of dollars. dollars, “he detailed.
In this sense, he is “known to drive relatively inexpensive cars.” He has been seen in an Acura TSX and a Honda Fit, both priced at $ 30,000 or less. Also, a black Volkswagen Golf GTI, a new car at $ 30,000. “
Instead, he invested “a lot of money in at least one sports car: an Italian Pagani Huayra that sells for around $ 1.3 million.”
On the other hand, if you like to spend on real estate, as evidenced by buying a 1,000 square foot home in Palo Alto for $ 7 million, then “started buying the properties around his house and spent over $ 30 million to acquire four homes with plans to level and rebuild them â.
At the same time, he owns a house in the Mission district of San Francisco, where he has invested more than $ 1 million in renovations and in 2014 he acquired two properties for $ 100 million on the island of Kaua’i: the Kahu’aina. Plantation, a former sugar cane plantation, and Pila’a Beach, a 393-acre property with a white Hawaiian sand beach.
However, “the couple’s presence in Hawaii has sparked a backlash over the years: in 2016, Zuckerberg angered his neighbors by building a two-meter wall around his property” and has since “expanded his Hawaiian heritage, as ‘in March 2021 he spent $ 53 million. on Kauai and in December he bought more land for around $ 17 million.
On the other hand, traveling for pleasure is not one of his preferences, even if “when he travels the world for his work, Meta foots the bill: the safety of Zuckerberg and his family has cost the company $ 23 million. dollars in 2020, as reported by the company â. , a reasonable sum in relation to its market value.
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