Mark Zuckerberg reveals why he only makes $1 a year

Mark Zuckerberg Says He Spends 50 To 60 Hours A Week In The Office

In 2013 Facebook confirmed its founder and CEO takes home a $1 salary each year.

During a Q&A on Facebook Tuesday, Mark Zuckerberg revealed his reasoning behind joining the $1 salary club:

I've made enough money. At this point, I'm just focused on making sure I do the most possible good with what I have. The main way I can help is through Facebook — giving people the power to share and connecting the world. I'm also focusing on my education and health philanthropy work outside of Facebook as well. Too many people die unnecessarily and don't get the opportunities they deserve. There are lots of things in the world that need to get fixed and I'm just lucky to have the chance to work on fixing some of them.

Other tech CEOs who belong to the $1 salary club include Tesla's Elon Musk, Zynga's Mark Pincus, and HP's Meg Whitman.

Of course, this isn't to say the young entrepreneur is falling on hard times. According to Forbes, Zuckerberg is currently worth $37.7 billion.

More from Business insider:
The 20 best places to live in your 20s
How one Lord & Taylor exec overcame the unique obstacle she faced when she first started her career
9 steps for figuring out which skills to include on your résumé

Read Full Story
  • DJI27094.79-52.29-0.19%
  • NIKKEI 22522044.4583.740.38%
    Hang Seng26468.95-285.17-1.07%
  • USD (PER EUR)1.100.00100.09%
    USD (PER CHF)1.010.00410.41%
    JPY (PER USD)108.01-0.3940-0.36%
    GBP (PER USD)1.250.00540.43%