Facebook: Mark Zuckerberg’s Security, Flights Cost $8.9 Million

A proxy statement filed with the United States Securities and Exchange Commission on Friday, has revealed that it costed Facebook co-founder and Chief Executive Officer Mark Zuckerberg about $9 million per year to maintain his security detail and flights on private jets. According to the report, the Facebook boss who's salary is just $1 cost the company a total of $8.9 million in 2017 for his security and travel expenses.

Facebook’s stock rise from $115 to $190 making him a billionaire only on paper due to his existing holdings. It is believe that Mr. Zuckerberg is still been own some $66 billion worth of Facebook stock. Facebook is financing the travel and security expenses of its most important executive through an authorized security program designed specifically for him.

A broke down of the figure shows the company sending $1.5 million in private aircraft rental expenses and $7.3 million committed to the entrepreneur’s security detail in 2017 only. Other executive which enjoys this benefits includes, the Chief Operating Officer Sheryl Sandberg incurred $2.7 million in expenses. Ms. Sandberg held over $242 million worth of Facebook stock.

The revelation is coming after the Cambridge Analytica scandal which saw the firm secretly harvested personal data from millions of Facebook users. Both Mr. Zuckerberg and Ms. Sandberg has apologies for the security breach.

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