Mark Zuckerberg has announced that he’s giving away 99 percent of his Facebook shares throughout the course of his life. But how much of his total net worth would this actually add up to?
Here’s what you need to know.
1. Mark Zuckerberg Has a Net Worth of $46.8 Billion
Zuckerberg, the CEO and founder of Facebook, has a net worth of about $46.8 billion, according to Forbes. He’s a self-made billionaire whose fortune rose by $13 billion just in 2015. His purchase of the VR headset Oculus Rift, along with a shift to mobile advertising, have helped Facebook’s shares grow.
2. He Said His Facebook Shares Are Worth Roughly $45 Billion
Most of his wealth comes from his ownership of Facebook. His shares are worth about $45 billion, he said in a recent Facebook post. He only makes a salary of $1,000 a year with Facebook as of 2013, The Richest reported.
After his daughter, Max, was born, Zuckerberg announced that he would be giving away about 99 percent of his shares over the course of his life to philanthropic efforts, in order to make the world a better place for her.
3. He’s America’s Richest Entrepreneur Under 40
Zuckerberg was named America’s Richest Entrepreneur Under 40 in 2015, according to Forbes. He’s a tech mogul whose creation, Facebook, took the world by storm. Facebook has more than 1 billion active users.
4. He Bought Land in Kauai For $100 Million
In October 2014, Zuckerberg bought 750 acres of secluded land in Kauai for $100 million, Slate reported. This included two plots of land: a sugar plantation and a 393-acre beach. He plans to build a secret hideaway on the land rather than a villa or a resort. The construction may cost an additional $100 million once it’s finished.
5. His Home in California Has Been Part of a Strange Lawsuit
Zuckerberg also has a home in Palo Alto’s Crescent Park. In 2013, he bought four houses adjacent to his home, Slate reported. He made the purchase because a neighbor had stated plans to build a mansion that would have had a direct view into Zuckerberg’s master bedroom shared by him and his wife, Priscilla Chan. The homeowner, Mircea Voskerician, agreed to sell the land to Zuckerberg at a discount if he introduced Mircea to some Silicon Valley contacts. Zuckerberg bought the right for $1.7 million and then the lots for $4.8 million. Mircea later sued Zuckerberg, saying that he never introduced him to anyone in Silicon Valley.
In October 2015, it was announced that a judge refused to dismiss the fraud lawsuit, CNN reported. The case will be going to a jury.