Mark Zuckerberg, the CEO of Meta, has once again made headlines with the recent release of Threads a new social media platform . Within just 7 hours of its launch, Threads attracted an impressive 10 million users as it emerged as a formidable competitor to Twitter. With this new platform’s success and potential revenues, it appears that Zuckerberg’s fortunes are set to multiply . As a result of the Threads launch , Meta shares have already experienced an upward trend .
In 2004, Mark Zuckerberg made the decision to leave Harvard, one of the world’s most prestigious universities, in order to establish Facebook and other ventures . Little did he know that this move would eventually lead him to become one of the ten individuals worldwide with a net worth surpassing $100 billion . The initial public offering of Facebook in 2012 significantly contributed to doubling Zuckerberg’s wealth. As of July 7, according to the Bloomberg billionaires index, Zuckerberg’s fortune exceeded $106 billion as companies like Facebook , WhatsApp, Instagram, and Threads – all operating under Meta group – experienced increased value. It is important to note that despite being CEO of Meta group, Zuckerberg only holds a 13 percent stake and does not receive a salary .
It can be quite challenging to manage such a substantial fortune . According to the majority of billionaires, Zuckerberg leads a relatively modest lifestyle alongside his wife, Priscilla Chan, and their two children . Rather than indulging in expensive clothing and accessories, he often opts for simple attire like solid-colored jeans, t-shirts, or sweaters. In terms of transportation, he is frequently spotted driving affordable passenger cars instead of luxury vehicles. However, Zuckerberg primarily channels his wealth into real estate investments. His notable investment ventures include properties in San Francisco and the Hawaiian Islands that have garnered significant attention within the business community in the United States .
ZUCKERBERG’S REAL ESTATE INVESTMENTS
Ruff In the Silicon Valley neighborhood of Palo Alto, known as a hub for US technology companies, Zuckerberg embarked on his real estate investment journey . Back in 2011, he acquired a house spanning 5 thousand square meters for $7 million . As time went on, he further expanded his presence by purchasing the rights to demolish and rebuild four surrounding properties adjacent to his Palo Alto residence for $30 million . This strategic move allowed him to extend his land holdings within the esteemed Silicon Valley area .
The CEO of Meta has made notable real estate investments not only in Palo Alto but also in the Mission area of San Francisco. In 2013, he purchased a property spanning 5,500 square meters and dedicated $1 million towards renovations . Remarkably , in 2022, he successfully sold this house for $31 million, generating substantial returns on his investment .
ACCOMMODATION LANDS IN HAWAII
In 2014, Zuckerberg set his sights on the Hawaiian Islands to expand his real estate portfolio . One of the states of the USA , he began to acquire property one after another in the Hawaiian Islands in the middle of the Pacific Ocean . Meta CEO initially bought a 1444-acre old sugarcane field on the island of Kaua’i and the 1,590-acre Pila’a beach on the island. He paid a total of $100 million for these two plots. Zuckerberg, who surrounded these lands with a wall became a lawsuit with the local people .
In 2021, Zuckerberg continued his land purchases on the island of Kaua’i . Zuckerberg, who first bought a land of almost 2500 acres for 53 million dollars, then added another 445 acres of land to his real estate portfolio for 17 million dollars .
Zuckerberg’s real estate investments are not limited to San Francisco and Hawaii, of course . Brushwood Mansion, located on the shores of the touristic Lake Tahoe in California, USA, also belongs to Zuckerberg . Purchased in 2018, this mansion is worth $59 million , consisting of 2 houses a guest house, a pier and shoreline.
Although he is known for real estate investments, it is known that Meta CEO does not prefer expensive cars . He was seen driving Acura TSX, Honda Fit and Volkswagen Golf GTI model cars, which were previously worth less than $30,000 . Zuckerberg, who is also known to have two Ford Brancos pickup trucks, spent $1.3 million on a single Italian sports car brand Pagani’s Huayra model .
In addition to these investments, the famous businessman spends most of his wealth on the Chan Zuckerberg Initiative which he founded with his wife. In 2017, Zuckerberg sold shares of the company worth $12 billion for the foundation transferring it to the foundation . The foundation operates on medical research for the education of children and the treatment of certain diseases .