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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 promised the company would investigate all of its apps, and remind users which ones they can shut off. Amid increasing calls for his resignation from investor groups, Zuckerberg traveled to Capitol Hill and met with lawmakers ahead of his two-day testimony, scheduled for April 10 and The first day of hearings, with the Senate Commerce and Judiciary Committees, was considered a tame affair, with some senators seemingly struggling to understand the business model that powered the social media giant.
The follow-up hearing before the House Energy and Commerce Committee proved far testier, as its members grilled the Facebook CEO over privacy concerns. During the day's testimony, Zuckerberg revealed that his personal information was among the data harvested by Cambridge Analytica, and suggested that legal regulation of Facebook and other social media companies was "inevitable. The surge bumped Zuckerberg past Berkshire Hathaway chief Warren Buffett to become the world's third-richest person, behind fellow tech titans Jeff Bezos and Bill Gates.
Any gains were wiped out when Facebook shares dropped a staggering 19 percent on July 26, following an earnings report that revealed a failure to meet revenue expectations and slowing user growth. The stock rebounded, and Zuckerberg remains one of the world's wealthiest people. In , Forbes ranked Zuckerberg at No. In June , Facebook announced it was getting into the cryptocurrency business with the planned launch of Libra in Along with developing the blockchain technology to power its financial infrastructure, Facebook established a Switzerland-based oversight entity called the Libra Association, comprised of tech giants like Spotify and venture capital firms like Andreessen Horowitz.
Despite providing assurances that Facebook would withdraw from the Libra Association if the project failed to garner approval from regulators, Zuckerberg faced pointed questioning from skeptical lawmakers who cited the Cambridge Analytica fiasco and other past transgressions. Zuckerberg has been married to Priscilla Chan, a Chinese-American medical student he met at Harvard, since About people gathered at the couple's Palo Alto, California home for the ceremony.
The guests thought they were there to celebrate Chan's graduation from medical school, but instead they witnessed Zuckerberg and Chan exchange vows. Zuckerberg has two daughters, Max, born on November 30, , and August, born on August 28, The couple announced they were expecting both of their children on Facebook.
When Zuckerberg welcomed Max, he announced he would be taking two months of paternity leave to spend with his family. Since amassing his sizeable fortune, Zuckerberg has used his millions to fund a variety of philanthropic causes.
Then, in December , Zuckerberg signed the "Giving Pledge", promising to donate at least 50 percent of his wealth to charity over the course of his lifetime. After his donation, Zuckerberg called on other young, wealthy entrepreneurs to follow suit. In November , Zuckerberg and his wife also pledged in an open letter to their daughter that they would give 99 percent of their Facebook shares to charity.
They also announced the founding of Chan Zuckerberg Biohub , a San Francisco-based independent research center that will bring together engineers, computer scientists, biologists, chemists and others in the scientific community.
We strive for accuracy and fairness. If you see something that doesn't look right, contact us! Subscribe to the Biography newsletter to receive stories about the people who shaped our world and the stories that shaped their lives. Co-founder of the successful startup Broadcast.
Computer scientist and engineer Mark Dean is credited with helping develop a number of landmark technologies, including the color PC monitor, the Industry Standard Architecture system bus and the first gigahertz chip.
Television star Mark Harmon has been on long-running shows such as St. Jack Dorsey is an American businessman best known as the founder of the social networking site Twitter. Entrepreneur Bill Gates founded the world's largest software business, Microsoft, with Paul Allen, and subsequently became one of the richest men in the world.
Zuckerberg, of course, did do it, and one of the reasons that he has held on to it is that money has never seemed to be his top priority. Zuckerberg turned them all down. Terry Semel, the former C. This is my baby, and I want to keep running it, I want to keep growing it. Looking back, Chan said she thought that the time of the Yahoo! Friends expect Chan and Zuckerberg to marry. Now we have 2x everything, so if you need any household appliances, dishes, glasses, etc please come by and take them before we give them away.
Zuckerberg nicknamed it the Bunker. One day in early August, the Wall was covered with self-referential posts. Why is the default for this app everyone?? Before arriving each morning, he works out with a personal trainer or studies Mandarin, which he is learning in preparation for the trip to China. Zuckerberg is involved in almost every new product and feature. His daily schedule is typically free from 2 P. He is often one of the last people to leave the office. A photograph posted by a Facebook employee over Labor Day weekend showed Zuckerberg sitting at a long table in a conference room surrounded by other workers—all staring at their computers, coding away.
In the early years, Facebook tore through a series of senior executives. Within ten days of hiring an executive, Breyer told me, Zuckerberg would e-mail or call him and say that the new hire needed to get the boot. Things calmed down in March, , when Zuckerberg hired Sheryl Sandberg, a veteran of Google who was the chief of staff for Lawrence Summers when he was Secretary of the Treasury.
A flood of former Google employees soon arrived, too. In part, the exodus reflects the status that former Facebook employees have in the tech world. But the departures also point to the difficulty some people have working for Zuckerberg. In late July, Facebook launched the beta version of Questions, a question-and-answer product that seems to be a direct competitor of Quora.
To many people, the move seemed a vindictive attack on friends and former employees. In an interview, Cheever declined to comment, as did Matt Cohler, another friend who left the company, and who invested in Quora. It worked. The social-game company Zynga—the maker of FarmVille and Mafia Wars—is expected to earn more than five hundred million dollars this year, most of it generated from people playing on Facebook.
In , Zuckerberg unveiled Facebook Connect, allowing users to sign onto other Web sites, gaming systems, and mobile devices with their Facebook account, which serves as a digital passport of sorts. This past spring, Facebook introduced what Zuckerberg called the Open Graph. Users reading articles on CNN. Zuckerberg imagines Facebook as, eventually, a layer underneath almost every electronic device. All your friends—and perhaps directions to all the places you and they have visited recently—will be right there.
For this plan to work optimally, people have to be willing to give up more and more personal information to Facebook and its partners. Perhaps to accelerate the process, in December, , Facebook made changes to its privacy policies. Unless you wrestled with a set of complicated settings, vastly more of your information—possibly including your name, your gender, your photograph, your list of friends—would be made public by default.
The backlash came swiftly. Users revolted, claiming that Facebook had violated the social compact upon which the company is based. What followed was a tug-of-war about what it means to be a private person with a public identity.
In the spring, Zuckerberg announced a simplified version of the privacy settings. I asked Zuckerberg about this during our walk in Palo Alto. He then excused himself as he typed on his iPhone 4, answering a text from his mother. Zuckerberg and I talked about this the first time I signed up for Facebook, in September, I told Zuckerberg that it took me a few hours to decide which box to check. Then I told Zuckerberg that, two weeks later, I removed the check, and left the boxes blank.
Facebook had asked me to publish a personal detail that I was not ready to share. But there are definitely books—like the Aeneid—that I enjoyed reading a lot more. He was really into Greek odysseys and all that stuff. On the phone, Zuckerberg tried to remember the Latin of particular verses.
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