|Mark Zuckerberg’s salary was in the single digits in 2013.
To be exact, the Facebook CEO opted for a salary of just $1 last year, following in the footsteps of other major tech leaders who have cut their pay to $1 after their companies achieved success, according to Yahoo! Finance.
The salary of $1 is a big drop from his 2012 salary of $503,205, but it probably didn’t do much to hurt Zuckerberg’s bank account. The Facebook founder’s 2013 compensation, from bonuses and other pay, totaled more than $650,000, which is still 67 percent less than the $2 million compensation he is estimated to have been paid by Facebook in 2012, the year Facebook went public.
And then there are his stock options; Zuckerberg made $2.3 billion off those in 2012.
Zuckerberg and Other Tech Giants Choose a $1 Salary
The $1 salary is gesture is that is meant to demonstrate a leader’s commitment to the company’s ongoing success over his personal gain. Google co-founders Sergey Brin and Larry Page are some of the most notable members of the $1-salary-club, according to Yahoo! Finance.
Steve Jobs of Apple is perhaps the most famous tech giant to opt for a $1 salary, but he took it a step further. “In March 2003, Mr. Jobs voluntarily cancelled all of his outstanding options, excluding those granted to him in his capacity as a director,” according to a 2007 SEC filing, and Jobs continued this arrangement until his death in 2011.
Mark Zuckerberg’s net worth is $27.4 billion, most of which comes from his Facebook stocks, making him the 21st richest person in the world at just 29 years old, according to Forbes. And with this move to a $1 salary and Zuckerberg’s charitable efforts – he and his wife, Priscilla Chan, made a donation of almost $1 billion in Facebook shares in 2013, according to The Chronicle of Philanthropy – the Facebook CEO is using his giant bank account balance for good.