Zuckerberg is co-founder and chief executive of Meta Platforms, the company behind Facebook -- the world's largest social-network. The Menlo Park, California-based business had revenue of $117 billion in 2022 and has about 3.7 billion monthly users. Its initial public offering in 2012 was the biggest-ever technology IPO at the time.
The majority of Zuckerberg's fortune is derived from a stake of about 13% in Meta Platforms, formerly Facebook, based on the company's 2023 proxy statement and regulatory filings to November 2023.
Facebook is the world's largest social network. Meta Platforms has about 3.7 billion active users each month including about 3 billion on Facebook, according to a January 2023 company presentation. The company sold shares in an initial public offering on May 17, 2012 in what was the biggest technology IPO in history at the time.?
The billionaire owns the shares through a series of trusts and holding companies, according to the proxy.?He plans to give away 99% of his shares over his lifetime, according to a December 2015 SEC filing. Zuckerberg started selling shares in August 2016 to fund his philanthropy and in Bloomberg's calculation he isn't credited with the value of any sales proceeds that fund charitable work. He's still credited with those shares he plans to give away because he still owns them.
The value of his cash investments is based on an analysis of insider transactions -- mostly the sale of Facebook shares valued by an analysis of Bloomberg data and company filings -- as well as taxes, property purchases, philanthropic giving and market performance.