Mark Zuckerberg Slashes His Salary To $1 But ...

Mark Zuckerberg, beloved CEO
Mark Zuckerberg, beloved CEO

It's perhaps the ultimate status symbol in Silicon Valley: You're so rich, so successful, you voluntarily slash your salary to nothing. Mark Zuckerberg, Facebook billionaire, just joined that club. SEC filings show that in 2013, he will earn just $1, according to the Silicon Valley Business Journal.

Starting in January 2013, Zuckerberg, 28, cut his salary to $1 and agreed not to take an annual performance bonus, either, the Silicon Valley Business Journal reports. Of course, Zuckerberg -- estimated to be worth $13 billion -- will not exactly miss the salary. As The Telegraph reports, Zuckerberg earned almost $2.3 billion last year by cashing in stock options at precisely the right time -- shortly before Facebook's stock price took a nosedive after its much-maligned public offering.

The SEC filing also revealed that Zuckerberg's total compensation rose last year by 16 percent because of his use of company jets.

As Quartz notes, Zuckerberg joins a long list of insanely rich Silicon Valley entrepreneurs who take $1 salaries because they're sitting on piles of stock. On the list: Apple founder Steve Jobs, Google co-founders Larry Page and Sergey Brin, Oracle's Larry Ellison and Zynga's Mark Pincus. Yahoo's Jerry Yang was making $1 in salary before he was forced out.