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.

  • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
    01·
    1 year ago

    Wealth includes possessions, you can be 100k in debt and still own a house worth 1m, you own 900k in total wealth, you’re still indebted.

    Unless you paid the mortgage off on your house, then it’s not wealth. It’s debt that you owe and the house is actually owned by the bank who will immediately repossess it when you stop making your payments. Zucc owns actual tangible wealth as opposed to having debt.

    Funny how I proved you don’t understand the numbers and you just tried to change the subject and you’re wrong again.

    Funny how you keep proving that either you don’t understand what wealth actually is or you’re just trolling. Hard to say which it is to be honest.