Zuckerberg's 2013 Salary: $1

Follows in Steve Jobs' footsteps

By Matt Cantor,  Newser Staff

Posted Apr 1, 2014 4:03 AM CDT

(Newser) – Steve Jobs did it; Google founders Sergey Brin and Larry Page did, too. Now Mark Zuckerberg is joining the ranks of the $1-a-year CEOs, Bloomberg reports. That's what the Facebook boss earned in salary last year, compared to $503,205 the year before. The low salary shouldn't hurt much, given that Zuck has a $27 billion fortune (though he did reportedly lose $3 billion last week). His total compensation last year was $653,165, much of it going to travel costs.

Even with his $1 salary, the 29-year-old brought in $3.3 billion last year, the AP reports. He exercised 60 million stock options at 6 cents per share; then, he sold 41.35 million shares at $55.05 each to cover tax expenses. His shares in Facebook—some 426.3 million, worth $25.7 billion—mean he has 61.6% voting power in the social network. He and his wife, Priscilla Chan, donated 18 million shares, worth about $1 billion, to charity last year.

In this Thursday, March 20, 2013 file photo, Facebook CEO Mark Zuckerberg speaks at Facebook headquarters in Menlo Park, Calif.
In this Thursday, March 20, 2013 file photo, Facebook CEO Mark Zuckerberg speaks at Facebook headquarters in Menlo Park, Calif.   (AP Photo/Jeff Chiu, File)
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