By Chrysanthus Ikeh
According to documents lodged with the US Securities and Exchange Commission this week, Facebook’s executive directors earned less in 2013 than in the year of the flotation, with multi-billionaire Zuckerberg earning just $1 after waiving both his salary and cash bonus.
The 29-year-old entrepreneur is following in the footsteps of Apple’s Steve Jobs, and Google’s Larry Page and Sergey Brin, by claiming only a nominal salary
Zuckerberg has, in the past, collected a decent salary, earning $503,205 in 2012. He also made $653,165 last year versus $1.99 million in 2012. The money went largely to fund private planes and his security program, according to the filing.
The 29 year-old Zuckerberg’s wealth is estimated at $27 billion.
He also owns 61.6% of voting power in the company, giving him carte blanche to forge ahead with deals like the $19 billion pending WhatsApp acquisition and last week’s $2 billion proposed takeover of Oculus.
Facebook founder Mark Zuckerberg earned only $1 salary in 2013
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