Millennials hold 4.4% of all wealth, and Zuckerberg single-handedly has 2% of that wealth. There are now millennials in their 40s!
Millennials hold 4.4% of all wealth, and Zuckerberg single-handedly has 2% of that wealth. There are now millennials in their 40s!
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.
Most people misunderstand this stat, it is not that half of all wealth is Zuck, it's that 2% of that 4% is his.
I understand it very well. My generation doesn't have shit.
This is also true, just makes folks look silly when they think that half of all millennial wealth is one guy.
2% of the combined wealth of 75 million people is a whole fucking lot. One dude with as much money as 1.5 million average income millennials combined
Completely agree, and it's obscene that this weird creep that made a stalking app for this college can now push industries with how much money he has in this amorphous value. But I just hope that people can be angry at these facts without being lost in a misunderstanding and think that half of all millennial wealth is one guy.
Yeah he's rich as fuck but he's not a trillionaire
Including OP who's arguing with me that he understands math better than I do when he thinks that Zuckerberg owns close to 3T in wealth...
The most well educated baristas, shelf stockers, and call center workers in history.
and every one braver than the troopsThey hate Russia, because here is hard life and expluatative a womens...With strong power.
When we do these wealth calculations, do we include debt? I would say the majority of my friends have negative wealth (tbf, a self selecting group of overeducated underemployed people)
Debt is usually not included as far as I know, and that makes the situation worse. Looks like typical debt in US is around 90k https://www.cnbc.com/select/average-american-debt-by-age/
"Overeducated underemployed" kicks hard
I wonder what Gen-Z's gonna be like. No companies founded by my generation so far
Founding a company is easy: Do you have $150? You too can own a Florida corporation today (literally, within minutes).
I'm sure there's tens of thousands of LLCs and S corporations owned by Gen Z. They're just things like lawn care services, handyman, independent contractors, etc.
They may not be huge or popular or famous but I guarantee that there's a lot of them. Because there's far too many jobs that require you have a registered business and thousands of young people have these jobs.
Gen Z starts in 97 (?), there's a couple of them: https://www.narcity.com/the-worlds-richest-gen-z-billionaires-were-ranked-heres-how-they-made-their-fortunes
Can we please not platform the wife torturing rapist?
updated to just provide the data
There are now 41, 42, and 43 year old millennials too.
And next year the week be more?
Holy shit indeed!
Wow! Wife beater is back.
Imma need a source for those numbers.
here are the official numbers from the fed for millennial wealth, it's actually lower at 4.4%
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.
lmao dan price