He received $500,000 in funding from Peter Thiel in the fall of 2004. The site quickly began migrating to other universities, prompting Zuckerberg to drop out of Harvard and move to Silicon Valley. After graduating from Exeter with a major in classics, he enrolled at Harvard University, where he started Facebook from his dorm room with three friends. 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.īorn in White Plains, New York, Zuckerberg built his reputation as a computer programming prodigy at the elite boarding school Phillips Exeter Academy. He's still credited with those shares he plans to give away because he still owns them. 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.
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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. The company sold shares in an initial public offering on in what was the biggest technology IPO in history at the time.
Meta Platforms has about 3.6 billion active users each month including about 2.9 billion on Facebook, according to a January 2022 company presentation. The majority of Zuckerberg's fortune is derived from a 13% stake in Meta Platforms, formerly Facebook, according to the company's 2022 proxy statement.įacebook is the world's largest social network.
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