Have you ever wondered where the richest people in the world place their investments? Mark Zuckerberg, according to Forbes, is the fifth-richest person in the world. His net worth is approximately $70 billion.
The founder and majority voting share owner of Facebook Inc. (NASDAQ: FB) is also one of the youngest entrepreneurs with such massive wealth on the world’s wealthiest list. Learning what these indelible figures have in their portfolios can offer insight into which up-and-coming technologies are being invested in by the powerful and elite.
Giving It All Away
Zuckerberg and his wife, Priscilla Chan, made headline news and philanthropic history in 2015 when they pledged to give away 99% of their wealth over their lifetimes. They created the Chan Zuckerberg Initiative, named after their daughter, to manage their wealth and charitable involvement.
However, unlike Bill Gates, founder of Microsoft Corporation (NASDAQ: MSFT), this money is funneled into a limited liability corporation controlled by Zuckerberg and Chan. This essentially means that the new LLC becomes, in time, one of the wealthiest investors in the world.
Zuckerberg stated in the historic pledge that only $1 billion a year over the next few years would be pulled out of Facebook, with the amount growing at some point in the future. The purpose of the LLC focuses on “advancing human potential and promoting equality” through philanthropic investments and by backing political causes.
Zuckerberg's interests, much like that of his charitable organization, revolve around the areas of education and technology. A large part of his personal investments has been invested in these sectors. This includes the firms Panorama Education, Vicarious, MasteryConnect, and Asana.
Zuckerberg, along with other investors, such as GV and A-Grade Investments, all invested $4 million into Panorama, which focuses on bringing big data analytics to school boards throughout the United States.
He also joined a few other individuals, including Elon Musk and Ashton Kutcher, all who invested a total of $40 million into Vicarious, which aims to bring artificial intelligence to robots, taking it a step further to have robots learn as humans do.
Zuckerberg was part of a $50 million round of funding into Asana, a project and task management cloud platform for teams with the goal to make the workplace more efficient. It was co-founded by Dustin Moskovitz, who also co-founded Facebook.
Lastly, Zuckerberg has invested $5 million into MasteryConnect, a company that builds software for teachers to better manage student progress.
Part of a person’s net worth, when you are as rich as Zuckerberg, usually contains real estate, and he is no different. Zuckerberg purchased his first home in Palo Alto, California, in 2011 for $7 million. He then began buying the homes around him for privacy reasons, spending more than $43 million. He owns a townhouse in San Francisco, a plantation in Hawaii, and properties in Lake Tahoe, all worth approximately $170 million in total.