Mark Zuckerberg Was Paid Only $1 In 2018 But Needed $22.6 Million For His Security

Mark Zuckerberg, the CEO of Facebook, is one of the world’s wealthiest people.

But last year, his salary was just $1, which to some people sounds unbelievable. Well, if you have been keeping up with Zuckerberg’s payment for the last three years, it is no surprise.

The CEO of Facebook’s salary has not changed for three years. He only brings home $1 (about Rs 70) every year.

But on the same regulatory filing, it is stated that there was a significant increase in Zuckerberg’s other costs of as much as $22.6 million of which a large part is spent on his personal security and safety.

The filing read:

When being compared with the 2017 cost for his family’s security which was $9 million, the cost for 2018 has more than doubled, showing how heavy Facebook invest on the safety of its CEO during the company’s one of the most challenging years.

Last year, due to the Cambridge Analytica scandal, the stock price and public image of Facebook took a big dip. Zuckerberg needed to make several public appearances to apologize, even before the US Congress. So it is easy to understand why Facebook needed to raise his security level.

Mark Zuckerberg is not the only CEO bringing home his annual salary of $1. Other CEOs who have the same salary as him include Meg Whitman of HP, Larry Ellison of Oracle and Larry Page of Alphabet.

The same happens to Twitter CEO Jack Dorsey. CNET reports that in 2018 Dorsey just brought home a salary package of $1.40, and he refused to take any compensation or benefits. In a filing with the SEC (Securities and Exchange Commission), Twitter said that Dorsey’s decision was made based on his own commitment and belief in the potential of Twitter’s long-term value.