Billionaires | Security Costs

Well, each and every billionaire has a certainĀ amount of dedicated budget to manage personal security, especially when in the public. For example, in 2018, Facebook paid Mark Zuckerberg $13 million for his personal security and travel expenses.

Mark Zuckerberg with his bodyguards.

In fact, it’d cost Facebook $22 million to keep Mr Zuckerberg and his family safe.

It’s worth mentioning that the official salary of FB CEO is $1 a year. Moreover, in 2018, he didn’t get any bonuses or stock awards. šŸ˜‰ That said, his compensation in 2017 was above $9 million. In 2018, he received $22.6 million in compensation.

Elon Musk’s security costs have just not been very clear. However, he has got a weird habit of changing his phone in less than a year’s time. He seems to be very concerned about the Data Security.

The owner of Tesla earns a minimum salary about $55,000 a year. However, Mr Musk had never taken his salary from Tesla. The CEO of SpaceX wouldn’t take a paycheck until Tesla hits the $100 billion market cap. His net worth stands above around $45 billion.

Jack Dorsey.

Here are the lump sum security expenses (per year) of some of the Silicon Valley giants:

  • Larry Ellison: $1.6 million
  • Jeff Bezos: $1.6 million
  • Sundar Pichai: $1.2 million
  • Tim Cook: $300,000
  • Eric Schmidt: $300,000
  • Jack Dorsey: $70,000