Mark Zuckerberg and His Wife Priscilla Chan Are Worth $74 Billion. Heres How They Spend Their Money

Mark Zuckerberg and His Wife Priscilla Chan Are Worth $74 Billion. Here's How They Spend Their Money Mark Zuckerberg, the 33-year-old founder and CEO of Facebook, has a net worth of $74 billion and counting. He’s the fifth-richest person in the world, according to Bloomberg’s Billionaires Index, but it seems he doesn’t have a taste for opulence, especially when it comes to cars, clothes, and travel. As a member of the Giving Pledge and cofounder of the Chan Zuckerberg Initiative, which he started with his wife and college sweetheart, Priscilla Chan, the Harvard dropout has dedicated much of his fortune to charitable causes. Keep reading to find out exactly how Zuckerberg and Chan spend their billions. In May 2012, eight years after its founding, Facebook debuted on the New York Stock Exchange. At the time, it was the biggest technology IPO in history. Each year since then, Zuckerberg has added an average of $9 billion to his net worth. NurPhotoâ€"NurPhoto via Getty Images Source: Fortune Despite his status as one of the richest tech moguls, the Harvard dropout leads a low-key lifestyle with his wife, Priscilla Chan, and their two young daughters. Like many other Silicon Valley stalwarts, Zuckerberg favors a uniform. Though casual in appearance, his signature gray T-shirts and hoodies are designed by luxury brands and are reportedly much more expensive than they look, retailing for hundreds and even thousands of dollars. Source: Business Insider, GQ Zuckerberg is known for driving relatively inexpensive cars. He’s been seen in an Acura TSX, a Volkswagen hatchback, and a Honda Fit, all of which are valued at or under $30,000. Bloombergâ€"Bloomberg via Getty Images Sources: Business Insider, CNBC There’s one thing Zuckerberg doesn’t seem to mind splurging on: real estate. In May 2011, he bought a 5,000-square-foot home â€" which he’s since tricked out with a “custom-made artificially intelligent assistant” â€" in Palo Alto for $7 million. The next year, he began buying the properties surrounding his home, spending more than $30 million to acquire four homes, with plans to level them and rebuild. View this post on Instagram For shabbat tonight, we gave Max a kiddush cup that has been in our family for almost 100 years. Her great-great-grandfather Max got it after our family immigrated here and it has been passed down through our family ever since. A post shared by Mark Zuckerberg (@zuck) on Sep 15, 2017 at 10:55pm PDT Source: San Francisco Chronicle, CNBC He also owns a townhouse in the Mission District of San Francisco. He bought the 5,500-square-foot home in 2013 and proceeded to make over $1 million in renovations, including adding a greenhouse and remodeling the kitchen. Mitchell Funkâ€"Getty Images Source: Curbed San Francisco In 2014, the billionaire’s real-estate portfolio jumped the Pacific when he spent $100 million on two properties on the island of Kauai: the Kahu’aina Plantation, a 357-acre former sugarcane plantation, and Pila’a Beach, a 393-acre property with a white-sand beach. Zuckerberg said he and Chan bought the land because they’re “dedicated to preserving its natural beauty.” Education Imagesâ€"UIG via Getty Images Source: Business Insider, Forbes Zuckerberg doesn’t appear to travel much for pleasure. But when he does travel, Facebook foots the bill. Zuckerberg’s security detail and transportation cost the company nearly $5 million in 2015. View this post on Instagram I spent the afternoon at Glacier National Park in Montana with some National Park Service Rangers. Gracie the Bark Ranger is a wildlife service dog who helps keep away the mountain goats and bears from the visitors. She is a much better trained herding dog than Beast. (Sorry Beast.) A post shared by Mark Zuckerberg (@zuck) on Jul 15, 2017 at 8:01pm PDT Source: Business Insider It’s likely the costs will be much higher this year, after Zuckerberg spent the summer traversing America as part of his personal goal to visit every US state in 2017. On his whirlwind tour, the CEO dined with a family at their home in Ohio, met with former opioid addicts, worked on an assembly line at a Ford factory, met with members of the military, and even fed a calf. Source: Business Insider Zuckerberg shared photos on Facebook of his experiences in America’s heartland, and he seemed right at home. Ultimately, opulence and luxury are just a blip on Zuckerberg’s radar. In fact, his main priority is giving his money away, rather than spending it. Zuckerberg is a member of the Giving Pledge, joining Bill Gates, Warren Buffett, and over 100 other billionaires vowing to donate the majority their wealth to philanthropy. He plans to sell 99% of his Facebook shares during his lifetime. View this post on Instagram Thanks to Bill Gates for stopping by our Chan Zuckerberg Initiative announcement! Bill and Melinda’s work on eradicating diseases like polio and malaria is a big reason we're so optimistic that together we can cure all diseases in our children's lifetime. A post shared by Mark Zuckerberg (@zuck) on Sep 22, 2016 at 7:08pm PDT Source: Business Insider Zuckerberg has complete control over Facebook’s future, thanks to his majority voting rights. Facebook’s stock price has risen over 50% since April 2016, and Zuckerberg has said he plans to accelerate selling shares to fund The Chan Zuckerberg Initiative. He plans to sell 35 to 75 million shares over the next 18 months, totaling between $6 billion and $12 billion. Source: Business Insider Some of his Facebook shares will go toward the Chan Zuckerberg Initiative, a philanthropic organization he founded with his wife in 2015 focused on “personalized learning, curing disease, connecting people, and building strong communities.” View this post on Instagram Earlier today Priscilla and I stopped by DelSesto Middle School in Providence, Rhode Island. Until a few years ago, DelSesto was one of the lowest performing schools in the state. DelSesto has rebuilt around personalized learning -- helping students learn at their own pace in a way that works best for them. About one-third of the school is using the Summit Learning Platform we’re supporting at the @chanzuckerberginitiative. It’s still early, but in just one year the number of DelSesto students scoring at the lowest level on a standardized test has dropped 10 percent. Through CZI, we are investing in personalized learning solutions that meet students where they are, and take them where they want to go. A post shared by Mark Zuckerberg (@zuck) on May 22, 2017 at 7:39pm PDT Source: Business Insider The Chan Zuckerberg Initiative is tackling both local and global issues. Last year, Zuckerberg and Chan invested $3 billion into research focused on curing the world’s diseases by the end of the century. Earlier in 2017, it partnered with housing startup Landed, giving $5 million to help at least 60 teachers in Redwood City and East Palo Alto, California, purchase real estate. View this post on Instagram Celebrating Valentine's Day. A post shared by Mark Zuckerberg (@zuck) on Feb 14, 2017 at 6:03pm PST Source: Business Insider This article originally appeared on Business Insider.