American businessman, philanthropist, and billionaire Mark Elliot Zuckerberg. He serves as the executive chairman, CEO, and controlling shareholder of Meta Platforms, the parent organization of the well-known social networking site Facebook.
Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes were Harvard classmates who helped Zuckerberg co-found Facebook in February 2004. It was only accessible on a few college campuses when it first appeared in 2004.
However, that number had increased to one billion by 2012. Zuckerberg made the company’s direct ownership publicly available in May 2012.
He created history in 2007 by becoming the youngest self-made billionaire ever at the early age of 23. His money has been utilized to start several charitable organizations, most notably the Chan Zuckerberg Initiative.
How Much is Mark Zuckerberg Net Worth in 2023?
According to the Forbes Real Time Billionaires, as of May 2023, Mark Zuckerberg net worth was predicted to be $83.3 billion, ranking him as the 14th richest person in the world.
How Much Property Does Mark Zuckerberg Own?
Chan and Zuckerberg’s real estate and land holdings are worth around $200 million. Notable properties include 1,400 acres in Hawaii, many Palo Alto homes, and a San Francisco townhouse.
Mark Zuckerberg bought a 5,000-square-foot home in Palo Alto for $7 million in 2011. He and his family currently reside there. He owns this “modest” real estate and the neighboring homes that create a safe neighborhood together.
In 2012, Zuckerberg first began purchasing the four houses surrounding his home. He spent a total of $43 million to buy the neighboring properties. After he leased the homes back to their original occupants, he eventually scrapped his intentions to demolish and rebuild them.
After city officials turned down his initial proposal, he submitted a revised plan to renovate two houses and construct the other two as ranch-style residences. In 2013, he spent $10 million on a 5,500-square-foot condo in San Francisco.
Check out the posts below if you’re interested in reading more about the wealth of other famous celebs:
- Kendra Scott Net Worth: How Did She Start Her Business?
- John Boehner Net Worth: How Rich Is He in 2023?
The house sits on a 9,800-square-foot site with a 70-foot frontage on the sidewalk. Construction began in 1928. It cost him about $1.6 million to renovate the home. It has been stated that $65,000 was spent on remodeling the kitchen and one bathroom.
In 2014, Zuckerberg dropped $100 million on a pair of residences in Kauai, Hawaii. Along a secluded stretch of Hawaii’s coastline, these houses take up an area of 750 acres. In 2017, he spent more than $45 million on an additional 89 acres in the area.
In January 2022, he bought an additional 100 acres, increasing the size of his Kauai holdings to 1,400 square feet. Zuckerberg spent $59 million in 2018 on two private beachfront residences on Lake Tahoe. Zuckerberg owns 1,600 feet of private Lake Tahoe shoreline between the two properties.