The total amount of funds directed to the protection of the founder of Meta is $14 million per year.
“This increased allowance, along with spending on Zuckerberg’s current overall security program, is appropriate and necessary under the circumstances,” Meta said in a statement.
Mark Zuckerberg, 38, who currently ranks 16th on Forbes’ billionaire list, has faced criticism in the past for spending more on security than other CEOs at similar technology companies. For example, in 2021, Meta allocated about $27 million to expenses related to the security of Zuckerberg and his family. Last year’s data have not yet been made public.
At the same time, Mark’s salary does not exceed $1 per year, Meta notes.
The announcement comes amid massive layoffs at the company, where Facebook and Instagram have cut thousands of jobs and adjusted costs for what Zuckerberg called the “Year of Efficiency.”
At the same time, Meta continues to spend huge sums on its investments in the meta universe. Reality Labs, a division that deals with virtual and augmented reality and metauniverse projects, lost $4.3 billion in the fourth quarter of 2022 and almost $14 billion for the full year. The company expects to lose even more money on Reality Labs next year.
Source: Reuters, Bloomberg
