Mark Zuckerberg Spent Almost $2 Million on Private Aircraft Last Year

By Douglas A. McIntyre Published Apr 13, 8:25AM EDT

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Mark Zuckerberg Spent Almost $2 Million on Private Aircraft Last Year — © Justin Sullivan / Getty Images

Among the perks of being a chief executive officer are private security and the use of company aircraft. Among the CEOs who spent the most on private aircraft last year was Mark Zuckerberg, founder and chief executive of Facebook. He spent $1,848,630 in 2020, $2,952,255 in 2019 and $2,597,320 in 2018.

Zuckerberg’s cost of private security was $13,439,634 in 2020, $10,463,717 in 2019 and $9,956,847 in 2018, according to data provided by MyLogIQ, which uses artificial intelligence and machine learning to analyze public company data.
[in-text-ad]
The Facebook proxy shows that the private plane costs are:

For purposes of reporting the value of personal usage of private aircraft in this table, we use costs provided by the applicable charter company, which include passenger fees, fuel, crew, and catering costs.

[nativounit]
The security costs are described as:

… costs related to personal security for Mr. Zuckerberg at his residences and during personal travel pursuant to Mr. Zuckerberg’s overall security program. The amounts reported for each year also include an annual pre-tax allowance of $10,000,000 to cover additional costs related to Mr. Zuckerberg and his family’s personal security.

Zuckerberg’s total compensation was $25,288,265 in 2020, $23,415,973 in 2019 and $22,554,543 in 2018.

Zuckerberg also owns 392,519,740 Facebook Class B shares, or 89.1% of these. His share ownership effectively gives him control of the company.

Click here to see America’s highest-paid chief executives.
[wallst_email_signup]

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.