With Facebook about to launch into the stock market (or skyrocket into it, as most analysts suspect) Mark Zuckerberg is officially becoming Silicon Valley royalty. With nearly 1 billion users worldwide, Facebook is the world’s most popular social network. This makes Zuckerberg, the 27 year old entrepreneur who founded it, the world’s youngest billionaire. With a 28 percent stake in Facebook’s estimated $100 billion, Zuckerberg isn’t one to wait for his monthly paycheck. In fact, he recently joined the likes of Apple and Microsoft CEOs in asking for a dramatic salary cut – so starting in 2013 he will get a base salary of a mere $1 annually.
But Zuckerberg is compensated in several other ways too. Facebook, for example, is paying for “security personnel” that will be guarding him day and night, as well as an estimated $800,000 on advanced home security systems.
In a statement, Facebook said: “Because of the high visibility of our company we have implemented a ‘comprehensive security program’ for Mr. Zuckerberg to address safety concerns resulting from his position as our founder, chairman and CEO,” the filing said. “We require these security measures for the company’s benefit because of the importance of Mr. Zuckerberg to Facebook, and we believe that the costs of this comprehensive security program are appropriate and necessary. We paid for the initial procurement, installation and maintenance of security measures for Mr. Zuckerberg’s personal residence, and we pay for the annual costs of security personnel, neither of which constitutes taxable income to Mr. Zuckerberg”.
This special attention to Zuckerberg’s safety seems to stem from several recent incidents. Recently Zuckerberg took out a restraining order against a stalker who harassed him at his home and at Facebook’s headquarters. The individual also stalked Zuckerberg and his family on (where else?) Facebook itself.
Take a look at Zuckerberg’s new uber-secured mansion: