As one of the richest men in the world, Mark Zuckerberg has recommended young people not to spend small amounts on two material things, because they can become unnecessary expenses.
Mark Zuckerberg has built an empire from scratch, building a social media company led by Facebook . And, with his efforts, he has earned millions upon millions of dollars that have made him one of the richest men.
Like Elon Musk, Zuckerberg has a very low salary as the head of his own company, but he has a fortune of 129 billion dollars thanks to the holding of shares of his Facebook, which, except for the last few months when he changed its name to Meta , have been on the rise in recent years.
For Zuckerberg, as detailed by GQ , there are, yes, golden rules in terms of expenses, which has allowed him to have more equity money and be prudent with that amount.
Two things you shouldn’t buy, by Mark Zuckerberg
Zuckerberg has investments in different topics, especially real estate. The CEO bought a 5,000-square-foot house in Palo Alto at a cost of $7 million. The price is high, but with great future projection.
Now, what is Zuckerberg not spending on?
Branded clothing: Zuckerberg keeps his style simple, with jeans, sneakers and polo shirts (or very basic suits when he needs it), and this is something others like him do. “The thing, according to some experts, is that millionaires know that clothes don’t last forever and it’s not worth spending too much on something you’re going to have to replace soon, especially when you can find really good alternatives for cheaper prices.” low”.
Expensive cars: Zuckerberg has been seen driving Acura and Honda cars, and he is not one to spend on sports models that can cost millions. In many cases, buying an expensive car is simply to show off, so Mark prefers something more austere and unnoticed, focusing instead on safe and reliable models. He even owns a Volkswagen Golf GTI, costing around $30,000.
According to an official document that Zuckerberg released in 2013, he has a symbolic salary of just one dollar for his work as CEO of Meta (Facebook). The rest of the money he gets from other income, like shares or extra profits when the company is doing well.