Watan-The total net worth of Mark Zuckerberg, CEO and co-founder of Meta, reached $170.4 billion as of February 26, 2024, according to the real-time World Billionaires index by Forbes. But how much does he earn per second?
This increase added $28 billion to the net worth of the fourth richest person in the world. Zuckerberg’s profits alone are supposed to provide him with $700 million every year.
Although his annual salary as CEO of the parent company of Facebook is just one dollar, the majority of his income comes from a significant stake in the company.
Most of Zuckerberg’s income comes from his shares in Meta platforms. Since these shares haven’t provided negative income in the form of dividends until this month, Zuckerberg has been selling some of his shares according to a specific schedule.
However, Meta has provided profits, and the first installment is scheduled to arrive at the end of March 2024.
Starting from January 2024, Zuckerberg owned 349,200,895 shares in Meta, representing 13.6% of the company’s joint stock.
To determine Mark Zuckerberg’s earnings per second, we first need to calculate his share of Meta’s profits by multiplying his ownership percentage of the company by the profits the company made last year.
This number will then be divided into weeks, days, hours, minutes, and seconds.
Meta stated that profits for 2023 amounted to $108.94 billion.
Since Mark Zuckerberg owns 13.6% of the company, his share of profits in 2023 amounted to $14.82 billion.
To represent the amount Zuckerberg earned per second, we need to divide the profits for 2023 ($14.82 billion) by the number of seconds in a year (31,536,000).
Based on the above calculation and methodology, Mark Zuckerberg earns approximately $469.94 per second.
This equals $28,196.35 per minute, $1,691,781 per hour, $40,602,740 per day, and $284,219,178 per week.
In the realm of the world’s richest individuals, Mark Zuckerberg’s net worth is something to envy.
However, he still falls short of some bigger names like Bernard Arnault ($229.8 billion), Elon Musk ($204.5 billion), and Jeff Bezos ($196 billion).
Immediately following Zuckerberg are Larry Ellison ($139.7 billion), Warren Buffett ($137.4 billion), and Bill Gates ($127.9 billion).