- His 410 million shares of Facebook stock appreciated by more than $1 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.
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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
Mark Zuckerberg had a net worth of about $68.2 billion in August 2019 , making him the fifth-richest person in the world.
Mark Zuckerberg and Priscilla Chan
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.
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Each year since the IPO, Zuckerberg has added an average of $9 billion to his net worth.
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Robert Galbraith/flickr
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.
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Like many other Silicon Valley stalwarts, Zuckerberg favors a uniform. Though casual in appearance, his signature gray 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.
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Drew Angerer / Staff
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Source: Business Insider , GQ
Zuckerberg is known for driving relatively inexpensive cars. Hes been seen in an Acura TSX, and a Honda Fit, all of which are valued at or under $30,000.
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Getty Images/Kevork Djansezian
Sources: Business Insider , CNBC
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Hes also been spotted driving a black Volkswagen Golf GTI, a car that he bought well into making his fortune. Its a car that would cost about $30,000 when new.
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Volkswagen
Source: Business Insider
But, thats not to say he hasnt spent on at least one sports car, an Italian Pagani Huayra that sells for about $1.3 million.
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Charles Platiau/Reuters and Norbert Aepli/Wikimedia/CC 2.0 https://commons.wikimedia.org/wiki/File:2015-03-03_Geneva_Motor_Show_3249.JPG
Source: Business Insider and Yahoo
Theres one thing Zuckerberg doesnt seem to mind splurging on: real estate. In May 2011, he bought a 5,000-square-foot home which hes since tricked out with a "custom-made artificially intelligent assistant" in Palo Alto for $7 million.
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Zillow
Source: San Francisco Chronicle , CNBC
The next year, Zuckerberg began buying the properties surrounding his home, spending more than $30 million to acquire four homes, with plans to level them and rebuild.
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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 $1 million in renovations, including adding a greenhouse and remodeling the kitchen.
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Flickr/Brad Greenlee
Source: Curbed San Francisco
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In 2014, the billionaires real-estate portfolio jumped the Pacific when he spent $100 million on two properties on the island of Kauai: the Kahuaina Plantation, a 357-acre former sugarcane plantation, and Pilaa Beach, a 393-acre property with a white-sand beach.
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Trulia
Source: Business Insider , Forbes
Zuckerberg said he and Chan bought the land because theyre "dedicated to preserving its natural beauty."
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Mark Zuckerberg/Facebook
Source: Business Insider , Forbes
According to Zuckerbergs Facebook page, the propertys farm is home to goats and turtles. "Our farm animals are ridiculous," he captioned the photo below.
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Mark Zuckerberg/Facebook
His most recent real estate splurge was on two lakefront properties on Lake Tahoe, which cost a combined $59 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.
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Listings/Youtube
Source: Business Insider , SF Gate
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Between his two Lake Tahoe properties, he owns about 600 feet of private shoreline on Lake Tahoes west shore.
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Listings/Youtube
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.
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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.
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Source: Business Insider
Zuckerberg doesnt appear to travel much for pleasure. But when he does travel, Facebook foots the bill. Zuckerbergs security detail and transportation cost the company nearly $5 million in 2015.
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Source: Business Insider
However, he does occasionally get to spend time with his family while traveling. Zuckerberg and Chan met with the pope in the Vatican, and reportedly gave the pope a model Facebook drone.
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Mark Zuckerberg/Facebook
Source: Business Insider
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Zuckerberg used over $1 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.
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Facebook/Mark Zuckerberg
Source: Facebook
In May 2019, he visited Paris to meet with French president Emmanuel Macron.
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REUTERS/Charles Platiau
Sources: Business Insider, Bloomberg
The costs to protect Zuckerberg rose to over $7 million in 2017, after he spent the summer traversing America as part of his personal goal to visit every US state in a year.
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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.
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Facebook/Mark Zuckerberg
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Source: Business Insider
Zuckerberg shared photos on Facebook of his experiences in Americas heartland, and he seemed right at home.
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In 2018, Facebook approved a record-high $10 million annual security budget for Zuckerberg for bodyguards, security measures for his houses, and private aircraft.
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AP
Source: Business Insider
Ultimately, opulence and luxury are just a blip on Zuckerbergs radar. In fact, his main priority is giving his money away, rather than spending it.
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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.
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Beck Diefenbach/Reuters
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Zuckerberg has complete control over Facebooks future, thanks to his majority voting rights. Facebooks stock price rose 2% after the FTC announced approval of the social media giants $5 billion privacy settlement.
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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 $6 billion and $12 billion.
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Paul Marotta/Getty Images
Source: Business Insider
Some of his Facebook shares will go toward the Chan Zuckerberg Initiative, a philanthropic organization he founded with his wife in 2015 focused on "personalized learning, curing disease, connecting people, and building strong communities."
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AP
Source: Business Insider
The Chan Zuckerberg Initiative is tackling both local and global issues. In 2016 Zuckerberg and Chan invested $3 billion into research focused on curing the worlds diseases by the end of the century.
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Rick Wilking/Reuters
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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...
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Reuters
Sources: The New Yorker , Business Insider
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"A bunch of people have the reaction of Oh, thats obviously going to happen on its own why dont 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?"
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Drew Angerer/Getty Images
Sources: The New Yorker , Business Insider
In 2017, the Chan Zuckerberg Initiative partnered with housing startup Landed, giving $5 million to help at least 60 teachers in Redwood City and East Palo Alto, California, purchase real estate.
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Mark Zuckerberg / Facebook
Source: Business Insider
In order to accomplish this lofty goal, the Chan Zuckerberg Initiative launched a $3 billion nonprofit called Biohub to start looking into the cure of disease, including research on genomics, infectious diseases and implantable devices.
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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 Parkinsons and epilepsy.
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Lachlan Cunningham/Getty Images for Breakthrough Prize
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Source: Business Insider
Zuckerberg believes that his nonprofit will help speed up research to cure disease, and says that in the future, "well 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 theres a reasonable shot."
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REUTERS/Stephen Lam
Source: Business Insider
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SEE ALSO: A day in the life of Facebook CEO Mark Zuckerberg, who works up to 60 hours a week and has a squad of 12 employees to help him with social media
DON'T MISS: Meet the 9 richest people in America, who have a combined fortune of $567 billion
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