395
submitted 1 year ago* (last edited 1 year ago) by yogthos@lemmy.ml to c/usa@lemmy.ml

For comparison, Gen X had 9% of the wealth, and Boomers had 21%. The largest generation in history did everything they were told, became the most educated generation, and now they're the poorest.

Here are the official numbers from the fed for millennial wealth

Zuckerburg owns a very large amount of Facebook stock, and he sells it on a pre-determined, fixed, schedule. The current amount of stock he has is around $80 billion.

To find out how much he’s sold on what schedule, the easiest answer is Yahoo Meta, insider transactions: https://finance.yahoo.com/quote/META/insider-transactions?p=META

You can also look at the their 2022 proxy report official in Meta SEC filings https://www.sec.gov/Archives/edgar/data/1326801/000132680122000043/meta2022definitiveproxysta.htm

Zuckerburg has 93,675,733 vested shares, 831,706 class A shares, and 349,745,790 class B shares a total of 350,577,496 shares (we don’t care about voting rights, just valuation). At today’s market value, those shares are worth $296.73 each (October 30, 2023). We multiple those numbers together and get $104,026,860,388.08.

So, that rounds to $104 billion dollars in Meta stock.

Finally, he controls additional shares via Chan Zuckerberg foundation, Mark Zuckerberg Trust, and assorted other groups.

you are viewing a single comment's thread
view the rest of the comments
[-] Ho_Chi_Chungus@hexbear.net 14 points 1 year ago

I'd have 2% of all gen Z wealth

depending on where in the world you live that might buy you a gallon of gas

Mark Zuckerberg can afford multiple gallons of gas

this post was submitted on 30 Oct 2023
395 points (100.0% liked)

United States | News & Politics

7177 readers
917 users here now

founded 4 years ago
MODERATORS