Facebook young CEO, Mark Zuckerberg decided to earn $1 a year salary, but also earned $3.3 billion worth of share options last year based on new records from the recent company public offering.
The Facebook founder, $1 salary per year is not that unique, considering that other tech leaders, like Apple's Steve Jobs, and Google's Larry Page, also did the same thing. Even with the lower salary rate, these billionaires still pay large amount of taxes, and Zuckerberg's tax bill is not exempted from this burden.
Earning $3.3 billion from the recent public offering also depleted the Facebook CEO's supply of stock options. The tech company gave Zuckerberg 60 million shares in order to aid his huge tax bill payments.
Mark Zuckerberg may be receiving $1 a year salary, but he also got $653,165 worth of compensation last year, much lower than the $1.99 million he received in 2012. A large portion on those compensations were used for important disbursements for the CEO's security, like the use of private jets.
Other than being really rich and still owning $25.7 billion worth of Facebook shares, Mark Zuckerberg and his wife, Priscilla Chan, also donated almost $1 billion worth of shares to a nonprofit organization in Silicon Valley. The benevolent act, raised the couple to the top of the list in the Chronicle of Philanthropy's most generous Americans.
Facebook, the social networking giant shares still increased in value since the previous years. The value of the company doubled, with reports that it was caused by its success in mobile ads sales.
The Facebook CEO, Mark Zuckerberg, still pulls some positive strings even with $1 per year salary.
Considering his large $3.3 billion earnings from stock shares recently, he is doing a great and also on the right path in securing the company's future.
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