Meta spent $27 million on protecting Mark Zuckerberg and his family last year

midian182

Posts: 7,882   +81
Staff member
In a nutshell: Being one of the wealthiest and most well-known people in the world can make you and your family a target. It's something Mark Zuckerberg knows about all too well, with Facebook parent Meta spending a record $26.8 million last year on protecting its CEO and his close relatives. It says the increase was necessary partly due to the increased animosity toward the social network.

Meta's regulatory filing with the Securities and Exchange Commission (SEC) shows that the company spent more than $15.2 million last year keeping Zuckerberg safe at his homes and during personal travel. He was also given $10 million as a pretax allowance for his family's security, along with $1.6 million for the use of a private aircraft for personal travel.

The amount it costs to protect the Zuckerberg clan is rising each year. It was $23 million in 2019, $25 million in 2020, and has now reached $26.8 million. The filing puts some of this down to higher costs for regular personal travel, the Covid-19 protocols, and market increases for security personnel.

One area that is coming down is private air travel. The company spent $1.6 million on Zuckerberg's planes in 2021, less than the $1.8 million spent in 2020 and $2.9 million in 2019.

Bloomberg writes that the amount of money spent on security costs for Zuckerberg and Meta Chief Operating Officer Sheryl Sandberg ($9 million) is much higher than many other executives. Google's Sundar Pichai ($4.3 million) is the closest to Sandberg. He's followed by Snap's Evan Spiegel ($2.3 million), and Oracle's Larry Ellison ($2.2 million).

Meta notes in the filing that "negative sentiment regarding our company is directly associated with, and often transferred to, Mr. Zuckerberg."

This year will see Meta also paying for Zuckerberg's personal travel on an aircraft owned by him and operated by a charter company.

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toooooot

Posts: 1,509   +753
He is one of the richest men on earth.
That amount is not much in comparison to his wealth.
I doubt Bezos spends less.
 

Arbie

Posts: 368   +668
the $350 million he spent bribing election courts.
Your evidence for that slander? Oh... "everybody knows". Alt-right rage at Trump's loss, and the infinite-loop cyber-smear echo chamber pushing the Election Steal Big Lie, is one very good reason why Zuckerberg needs protection. Check any of those deploraboards where - to be fair - the general level of insanity dwarfs your tiny effort.
 
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PEnnn

Posts: 770   +874
Your evidence for that slander? Oh... "everybody knows". Alt-right rage at Trump's loss, and the infinite-loop cyber-smear echo chamber pushing the Election Steal Big Lie, is one very good reason why Zuckerberg needs protection. Check any of those deploraboards where - to be fair - the general level of insanity dwarfs your tiny effort.
What else can you expect from the followers of Orange the Loser? They believe and worship at the altar of a scam-artist, despite his xenophobic, racist, misogynist behavior. A reflection of their own standards.
 

AlaskaGuy

Posts: 350   +272
Your evidence for that slander? Oh... "everybody knows". Alt-right rage at Trump's loss, and the infinite-loop cyber-smear echo chamber pushing the Election Steal Big Lie, is one very good reason why Zuckerberg needs protection. Check any of those deploraboards where - to be fair - the general level of insanity dwarfs your tiny effort.