- Mark Zuckerberg is the fifth-richest person in the world.
- The Facebook cofounder and CEO has an estimated $82.6 billion net worth, according to Forbes.
- But Zuckerberg’s net worth is largely tied to his Facebook stock, which dropped by 7% on Wednesday, according to CNBC.
- Visit Business Insider’s homepage for more stories.
Facebook shares recently took a tumble, and Facebook CEO and cofounder Mark Zuckerberg’s net worth may not be far behind.
According to Salvador Rodriguez for CNBC, Facebook shares fell by 7% after the 2019 fourth-quarter earnings report.
That’s not good news for Zuckerberg, whose net worth is largely tied to company stock. But even though Zuckerberg’s personal fortune has been on a rollercoaster ride since Facebook’s catastrophic year in 2018, he still remains one of the world’s richest people.
His estimated net worth is currently $82.6 billion. In spite of his billions, Zuckerberg doesn’t have a taste for opulence, especially when it comes to cars, clothes, and travel. He does, however, have an affinity for developing his real-estate portfolio – he most recently dropped $60 million on two Lake Tahoe properties.
As a member of the Giving Pledge and cofounder of the Chan Zuckerberg Initiative, which he started with his wife Priscilla Chan, Zuckerberg has also dedicated much of his fortune to charitable causes.
No matter how he spends his money, it seems that Zuckerberg will always have billions left over. Here, nine mind-blowing facts that show just how rich Zuckerberg really is.
1. Zuckerberg is so rich that he's able to live off an annual salary of $1.
He previously made a reported $770,000 from his Facebook salary and bonuses, but he slashed his salary to its current rate in 2013. That means a huge chunk of his wealth is tied to Facebook stock, of which he owns nearly 17%, reported Business Insider's Jake Kanter.
Unfortunately for Zuckerberg, Facebook shares dipped 7% after its 2019 fourth-quarter earnings report, reported Salvador Rodriguez for CNBC.
2. Each year since Facebook's IPO in 2012, Zuckerberg has added an average of $9 billion to his net worth.
At $16 billion, Facebook is the second biggest tech IPO in history. Since then, the stock has increased by more than 408% for a current market capitalization of $547 billion, reported Lucinda Shen for Fortune.
3. However, Zuckerberg's 2019 net worth sank by nearly $9 billion compared to the previous year — but he still retained a spot in the world's top 10 richest people.
Zuckerberg's net worth fell following a year of Facebook scandals, reported Kanter. He dropped three places down Forbes' 2019 billionaire's list from 5th to 8th place. As of January 29, 2020, Zuckerberg had moved back up to reclaim his spot as the world's fifth-richest person.
4. In 2018, Zuckerberg earned roughly $1.7 million an hour, according to previous Business Insider calculations.
Business Insider found the difference between Zuckerberg's 2017 and 2018 net worths (as provided by the Forbes' 2017 and 2018 richest people in the world lists, published every March) to determine his annual earnings. Zuckerberg's annual earnings came to roughly $15 billion.
We then divided all annual earnings by 8,760, the number of hours in a year, to calculate how much he earned an hour.
5. It took Zuckerberg less than an hour-and-a half to earn what the average American man with a bachelor's degree will earn in his lifetime — $2.2 million, according to the Social Security Administration.
The average American woman with a bachelor's degree will earn $1.3 million in her lifetime, according to the SSA.
Zuckerberg dropped out of college during his sophomore year.
6. In less than two minutes, Zuckerberg makes what it takes the full-time median US worker a year to earn — $48,328.
That's based on data by the Bureau of Labor Statistics. Zuckerberg earned $28,538 per minute last year, according to Business Insider's calculations.
7. The average American household spending $1 is similar to Zuckerberg spending $700,000.
The median net worth of an average US household is $97,300. Dividing that number into $82.6 billion comes to about $848,920.
8. Zuckerberg's net worth is greater than the GDP of Jordan, Nicaragua, and Barbados — combined.
Jordan's GDP is about $46.4 billion, Nicaragua's is $12.5 billion, and Barbados is $5.3 billion.
9. Zuckerberg could give every single living person in the US $100 — and still have more than half of his $82.6 billion net worth left over.
The US population is currently 329,230,194 according to the US Census. Giving every American $100 would cost Zuckerberg roughly $32.9 billion.