Facebook Paid Mark Zuckerberg a Salary of Just $1 Last Year but He's Still Worth $27 Billion

Posted by Knowlton Thomas

zuckMark Zuckerberg, founder of the world's largest social network, was paid a $1 in salary in 2013, down from $500,000 in 2012, according to a regulatory filing with the US Securities and Exchange Commission. His total compensation was $650,000, down from $2 million the year prior.

However, Zuckerberg doesn't really gain any meaningful wealth from his salary. For a man in his position—an equity-holding CEO of a multi-billion-dollar digital empire—it's all about his shares. And he owns a lot of shares. Consequently, Zuck is worth a staggering $27 billion, which on occasion places him inside the top 20 richest people in the world. That number becomes even more insane when you consider his age.

Apple's Steve Jobs was also noted for taking $1 salaries.

Despite her billionaire status, Facebook COO Sheryl Sandberg remains greedy: in 2013 she received more than $16 million in compensation, the most of any executive in the company.

Company:
Facebook
Website:
http://www.facebook.com
Location:
Toronto, Ontario, Canada

Facebook's mission is to give people the power to share and make the world more open and connected. Millions of people use Facebook everyday to keep up with friends, upload an unlimited number of photos, share links and videos, and learn more about the people they meet. more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more




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