Zuckerberg's 2013 Salary: $1
Follows in Steve Jobs' footsteps
By Matt Cantor, Newser User
Posted Apr 1, 2014 4:03 AM CDT
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)

(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.

More From Newser
My Take on This Story
To report an error on this story,
notify our editors.
Zuckerberg's 2013 Salary: $1 is...
19%
15%
2%
40%
2%
23%
Show results without voting
You Might Like
Comments
Showing 3 of 8 comments
i2ollingstone
Apr 1, 2014 9:39 PM CDT
Yay for tax evasion.
Who_Cares
Apr 1, 2014 5:02 PM CDT
Mine was $0.00 and nobody braggs about it but my net worth isn't at zillions of dollars.
Duxburian
Apr 1, 2014 11:15 AM CDT
Oh look - another wealthy person who I pay a greater percentage on income taxes.