Speed Reads


Mark Zuckerberg's salary last year was just $1

Mark Zuckerberg's salary last year was just $1

Mark Zuckerberg has so much money that he's decided his yearly salary should be one dollar. The Facebook founder, whose wealth is estimated at $27 billion, paid himself $1 in 2013 — a steep drop from his 2012 base salary of $500,000.

But before you applaud Zuck's selflessness, know that the move is mostly symbolic — he still made $3.3 billion last year in stock options, according to a filing with the Securities and Exchange Commission.

Facebook's stock more than doubled last year, ensuring that Zuckerberg doesn't need a large base salary to live comfortably. He's not the first to take pay cut — other top tech CEOs like Google co-founders Larry Page and Sergey Brin own sizable equity stakes but only get paid one dollar in salary.