What makes mark zuckerberg rich

Click here to learn more. A leading-edge research firm focused on digital transformation. Good Subscriber Account active since Shortcuts. Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log out. US Markets Loading H M S In the news. Executive Lifestyle. Liz Knueven and Avery Hartmans. Zuckerberg drives an affordable car and wears basic clothes, but appears to splurge on real estate. Zuckerberg and his wife, Priscilla Chan, also invest in childhood education and medical research.

See more stories on Insider's business page. At the time, it was the biggest technology IPO in history. Despite his status as one of the richest tech moguls, the year-old Harvard dropout leads a low-key lifestyle with his wife, Priscilla Chan, and their two young daughters.

Like many other Silicon Valley stalwarts, Zuckerberg doesn't dress in flashy suits — he keeps things simple in jeans, t-shirts, and sweaters.

But they're reportedly much more expensive than they look, retailing for hundreds, and even thousands, of dollars. Zuckerberg is known for driving relatively inexpensive cars.

He's also been spotted driving a black Volkswagen Golf GTI, a car that he bought well after making his fortune. There's one thing Zuckerberg doesn't seem to mind splurging on: real estate. He's since tricked it out with a "custom-made artificially intelligent assistant. By his sophomore year, he had already built two programs: CourseMatch and FaceMash.

Based on his acclaim on campus, Zuckerberg partnered with friends to create a social networking site that allowed Harvard students to connect with each other. The site officially went live in June under the name "The Facebook," and Zuckerberg ran it out of his dorm room. After his sophomore year, Zuckerberg dropped out of college to pursue what was now called Facebook, full-time. The website reached one million users by the end of This explosion of user growth attracted the attention of many venture capital VC firms, and Zuckerberg eventually moved out to Silicon Valley in By the end of , however, Facebook had opened up to students attending other schools, causing the website to reach 5.

On April 28, , Facebook released first-quarter earnings for Monthly active users, a key metric, totaled 2. As of Jan. However, many have criticized the method by which Zuckerberg is donating his fortune.

The charitable foundation Zuckerberg and Chan have set up is a limited-liability corporation, not a charitable trust. This decision allows the two to do things that charitable trusts are not allowed to do, which in turn could make the foundation more effective, though it might also benefit their family more than a traditional trust. Corporations can make for-profit investments and political donations. Unlike charitable trusts, corporations are not required to report their political donations.

In April , Zuckerberg testified before Congress after it was revealed that the company had shared users' data with the political consulting firm Cambridge Analytica. More recently, on January 7, , Facebook banned former President Donald Trump from Facebook and Instagram indefinitely, after he expressed support for the rioters at the U.

Capitol on Jan. On May 5, , Facebook's oversight board said that the company was right to ban Trump, but wrong to make the ban indefinite, and that it must decide whether the suspension is for a set period of time, or permanent. Giving Pledge. The New York Times. Committee of the Judiciary. Actively scan device characteristics for identification.

Use precise geolocation data. Select personalised content. Create a personalised content profile. Zuckerberg had another difficult year in , coming under fire for the spread of fake news on his site, and then again in when the Facebook-Cambridge Analytica Data breach occurred.

The simple answer to how the CEO continues to make his money is shares — and a lot of them. You can watch the couple talk about their hopes for what the Initiative will achieve in the below YouTube video. Home Mark Zuckerberg. Read on to learn more about how Mark Zuckerberg made his money.