"I am proud of how he's been handling all of this, and I know he is doing his hardest, and I wish others could see that," Chan told the "Today" show.
Nearly 2,000 of the nation's election offices are seeking part of Facebook CEO Mark Zuckerberg's $250 million donation to help offset election costs.
CEO Mark Zuckerberg says everyone has a responsibility to protect democracy.
To increase voter turnout and bolster state and local election security efforts.
Elon Musk has made more money than anyone since the beginning of the coronavirus pandemic — his net worth has more than tripled since March 18. Musk added nearly $8 billion to his fortune on Monday alone. Musk is far from the only billionaire to see their fortune skyrocket in 2020, according to a new report from the Institute for Policy Studies: Jeff Bezos' net worth was up 68% and Mark Zuckerberg's was up 75% as of August 13. The pandemic has upended the finances of millions of ordinary Americans during the same time span, prompting renewed calls for a wealth tax. Visit Business Insider's homepage for more stories. Lots of billionaires have gotten richer during the coronavirus pandemic, but no one has made more money than Elon Musk. The Tesla and SpaceX CEO's net worth rose 197% between March 18 and August 13, according to a new analysis by left-leaning think tank the Institute for Policy Studies (IPS) released Monday. Musk's net worth has grown even more over the last week. He added nearly $8 billion to his fortune on Monday alone, making him the fourth richest person on the planet and bringing his net worth percentage increase since March 18 up to a whopping 246%, according to Bloomberg's estimates. (His latest estimated net worth, per the Bloomberg Billionaires Index, is $84.8 billion.) The surge in Musk's fortune has paralleled the surge in Tesla's share price. The stock is up 732% in 2020 alone. A representative for Musk at Tesla did not respond to Business Insider's request for comment on the billionaire's net worth. "Musk's leadership, a compelling brand, and improved execution are driving an ever-increasing stock price," Bank of America analysts wrote Friday, Business Insider's Carmen Reinicke previously reported. Billionaires' skyrocketing earnings seem even starker when compared to the pandemic's economic impact on the rest of the country An unprecedented 56 million Americans have filed for unemployment benefits over the past 21 weeks, far surpassing the 37 million claims filed during the 18-month long Great Recession that ended in 2009. At the same time, experts predict that more than 28 million Americans could lose their homes after falling behind on their rent since the federal eviction moratorium expired. Though Musk's gains far outstrip those of any other billionaire, the South African native is far from the only member of the three comma club to get richer over the past five months. As of August 13, Amazon's Jeff Bezos had seen his net worth grow 68% since mid-March, while Mark Zuckerberg's fortune grew 75% to a new all-time high, IPS reports. Thanks to their recent net worth boost, the 12 richest Americans are now worth more than $1 trillion combined, according to IPS's calculations. Calls for a specialized tax on billionaire's fortunes have strengthened as a result, especially as governments face ballooning budgets and falling tax revenues because of the pandemic. Sen. Bernie Sanders introduced one such bill to tax what he called "the obscene wealth gains" of billionaires during the pandemic in early August.SEE ALSO: The pandemic has minted 5 new rubber gloves billionaires in Malaysia alone DON'T MISS: Meet the billionaires bankrolling Joe Biden's 2020 campaign Join the conversation about this story » NOW WATCH: Here's what it's like to travel during the coronavirus outbreak
Photo by Adam Berry/Getty Images Facebook has come under heavy criticism over the past year for how the social media behemoth has fumbled its approach to civil rights issues on the platform. A recent audit found that despite recent steps to expand its policies and prohibit discrimination, Facebook continues to undermine its own progress. A new report from The Washington Post digs into the ways the Chan Zuckerberg Initiative (CZI), the philanthropic organization founded by Facebook CEO Mark Zuckerberg and his wife, pediatrician Priscilla Chan, has fallen short of many of its stated goals as well. CZI is a separate entity from Facebook, but Black employees of CZI say that particularly when it comes to issues of racial justice, company leadership makes too many... Continue reading…
Mark Zuckerberg's fortune surpassed $100 billion after Facebook launched its TikTok competitor in the US. That makes the tech titan only the third current centi-billionaire on Earth. In June, advertisers including Verizon, Honda, and Ben & Jerry's boycotted Facebook over the social network's lack of hate-speech moderation. The boycott briefly sunk both Facebook's share price and CEO Mark Zuckerberg's net worth. Zuckerberg drives an affordable car and wears basic clothes, but appears to splurge on real estate, buying houses and then buying the surrounding properties for privacy.  Zuckerberg and his wife Priscilla Chan are generous philanthropists, investing billions in childhood education and medical research that they hope will cure all diseases in their children's lifetimes.  Visit Business Insider's homepage for more stories. Mark Zuckerberg is richer than he's ever been. Facebook's shares are on a tear after the company launched a new Instagram feature that will compete with TikTok in the US. The move propelled Zuckerberg's personal net worth over $100 million for the first time. Before the announcement, Zuckerberg had been having a tough summer. Zuckerberg faced fierce criticism for refusing to moderate Facebook posts in which President Trump called civil rights protesters "thugs" and suggested violence when he wrote "when the looting starts, the shooting starts" in the wake of George Floyd's death at the hands of Minneapolis police officers. As a result, civil rights organizations including NAACP, Color of Change, and Anti-Defamation League asked advertisers to stop paying for advertisements on Facebook. Many agreed, sending both Facebook's share price and Zuckerberg's net worth into a freefall. Keep reading to learn more about how the Facebook cofounder makes and spends his centibillion-dollar fortune.SEE ALSO: A day in the life of Facebook CEO Mark Zuckerberg, who works up to 60 hours a week and has a squad of 12 employees to help him with social media DON'T MISS: The richest families in the world, ranked In May 2012, eight years after its founding, Facebook debuted on the New York Stock Exchange. At the time, it was the biggest technology IPO in history. Source: Business Insider Each year since the IPO, Zuckerberg has added an average of $9 billion to his net worth. Source: Fortune Despite his status as one of the richest tech moguls, the Harvard dropout leads a low-key lifestyle with his wife, Priscilla Chan, and their two young daughters. Like many other Silicon Valley stalwarts, Zuckerberg favors a uniform. Though casual in appearance, his signature gray T-shirts and hoodies are designed by luxury brands and are reportedly much more expensive than they look, retailing for hundreds and even thousands of dollars. Source: Business Insider, GQ Zuckerberg is known for driving relatively inexpensive cars. He's been seen in an Acura TSX, and a Honda Fit, all of which are valued at or under $30,000. Sources: Business Insider, CNBC He's also been spotted driving a black Volkswagen Golf GTI, a car that he bought well into making his fortune. It's a car that would cost about $30,000 when new. Source: Business Insider But that's not to say he hasn't dropped serious cash on at least one sports car: an Italian Pagani Huayra that sells for about $1.3 million. Source: Business Insider; Yahoo There's one thing Zuckerberg doesn't seem to mind splurging on: real estate. In May 2011, he bought a 5,000-square-foot home — which he's since tricked out with a "custom-made artificially intelligent assistant" — in Palo Alto for $7 million. Source: San Francisco Chronicle, CNBC The next year, Zuckerberg began buying the properties surrounding his home, spending more than $30 million to acquire four homes, with plans to level them and rebuild. Source: San Francisco Chronicle, CNBC He also owns a townhouse in the Mission District of San Francisco. He bought the 5,500-square-foot home in 2013 and proceeded to make over $1 million in renovations, including adding a greenhouse and remodeling the kitchen. Source: Curbed San Francisco In 2014, the billionaire's real-estate portfolio jumped the Pacific when he spent $100 million on two properties on the island of Kauai: the Kahu'aina Plantation, a 357-acre former sugarcane plantation, and Pila'a Beach, a 393-acre property with a white-sand beach. Source: Business Insider, Forbes Zuckerberg said he and Chan bought the land because they're "dedicated to preserving its natural beauty." Source: Business Insider, Forbes According to Zuckerberg's Facebook page, the property's farm is home to goats and turtles. "Our farm animals are ridiculous," he captioned the photo below. More recently, he dished out on two lakefront properties on Lake Tahoe, which cost a combined $59 million. One of the houses, called the Brushwood Estate, is 5,233 square feet and on six acres. The property features a guest house and a private dock. Source: Business Insider, SF Gate Between his two Lake Tahoe properties, he owns about 600 feet of private shoreline on Lake Tahoe's west shore. Source: Business Insider, SF Gate   When Zuckerberg buys properties, he tends to buy the other homes surrounding it for privacy reasons, just like he has done in Palo Alto. Source: Business Insider   Privacy is likely the same reason that he bought the second home — and was reportedly in talks to buy a third — in Lake Tahoe. Source: Business Insider Zuckerberg doesn't appear to travel much for pleasure. But when he does travel, Facebook foots the bill. Zuckerberg's security detail and transportation cost the company nearly $5 million in 2015. Source: Business Insider However, he does occasionally get to spend time with his family while traveling. Zuckerberg and Chan met with the pope in the Vatican and reportedly gave the pope a model Facebook drone. Source: Business Insider Zuckerberg used over $1 million in Facebook funds for personal travel in 2018, making it his most expensive year yet. While in Europe, he posted about celebrating his seventh anniversary with Chan at the Parthenon in Athens. Source: Facebook In May 2019, he visited Paris to meet with French president Emmanuel Macron. Sources: Business Insider, Bloomberg The costs to protect Zuckerberg rose to over $7 million in 2017, after he spent the summer traversing America as part of his personal goal to visit every US state in a year. Source: Business Insider On his whirlwind tour around the US, the CEO dined with a family at their home in Ohio, met with former opioid addicts, worked on an assembly line at a Ford factory, met with members of the military, and even fed a calf. Source: Business Insider In 2018, Facebook approved a record-high $10 million annual security budget for Zuckerberg for bodyguards, security measures for his houses, and private aircraft. Source: Business Insider Zuckerberg has complete control over Facebook's future, thanks to his majority voting rights. Facebook's stock price rose 2% after the FTC announced approval of the social media giant's $5 billion privacy settlement. Source: Business Insider Ultimately, opulence and luxury are just a blip on Zuckerberg's radar. In fact, his main priority is giving his money away, rather than spending it. Zuckerberg is a member of the Giving Pledge, joining Bill Gates, Warren Buffett, and over 100 other billionaires vowing to donate the majority of their wealth to philanthropy. He plans to sell 99% of his Facebook shares during his lifetime. Source: Business Insider Zuckerberg said in September 2017 that he planned to sell 35 to 75 million shares over the next 18 months to fund the Chan Zuckerberg Initiative, totaling between $6 billion and $12 billion. Source: Business Insider The Chan Zuckerberg Initiative is a philanthropic organization Zuckerberg founded with his wife in 2015 focused on "personalized learning, curing disease, connecting people, and building strong communities." Source: Business Insider In 2017, the Chan Zuckerberg Initiative partnered with housing startup Landed, giving $5 million to help at least 60 teachers in Redwood City and East Palo Alto, California, purchase real estate. Source: Business Insider The couple's charitable initiative is invested in tackling both local and global issues. In 2016, Zuckerberg and Chan invested $3 billion into research focused on curing the world's diseases by the end of the century. Source: Business Insider In an in-depth interview with the The New Yorker in late 2018, Zuckerberg said people in Silicon Valley react to his pledge to cure all diseases in one of two ways: "A bunch of people have the reaction of 'Oh, that's obviously going to happen on its own — why don't you just spend your time doing something else?' And then a bunch of people have the reaction of 'Oh, that seems almost impossible — why are you setting your sights so high?'" Sources: The New Yorker, Business Insider In order to accomplish this lofty goal, the Chan Zuckerberg Initiative launched a $3 billion nonprofit called Biohub to start looking into the cure of disease, including research on genomics, infectious diseases, and implantable devices. Source: Business Insider The scientists their nonprofit employed have started a study of brain-machine devices, including one called the Wand, which is an implant they say can help limit the symptoms of diseases like Parkinson's and epilepsy. Source: Business Insider Zuckerberg believes that his nonprofit will help speed up research to cure disease, and says that in the future, "We'll basically have been able to manage or cure all of the major things that people suffer from and die from today. Based on the data that we already see, it seems like there's a reasonable shot." Source: Business Insider Zuckerberg's leadership hasn't always been popular, however. Source: Business Insider, Business Insider Zuckerberg faced outrage from his employees and Facebook users alike after refusing to moderate Trump's posts, where the president called civil rights protesters "thugs" and suggested violence against them by writing "when the looting starts, the shooting starts." One employee of the Chan Zuckerberg Initiative even asked Zuckerberg to resign if the billionaire didn't moderate the posts. Source: Business Insider, Business Insider Led by civil rights organizations including NAACP, Color of Change, and Anti-Defamation League, Facebook advertisers revolted too, pulling their ad spending from Facebook in a coordinated boycott beginning in July. The growing boycott wiped $9.6 billion off Zuckerberg's net worth between June 23 and June 28. The Hershey Co., Unilever, Verizon, Honda, Birchbox, Ben & Jerry's, The North Face, REI, and Patagonia have all signed on, vowing to withhold their ad dollars from the social networking site. "We invest billions of dollars each year to keep our community safe and continuously work with outside experts to review and update our policies," Facebook said in a statement regarding the boycott. "We've opened ourselves up to a civil rights audit, and we have banned 250 white supremacist organizations from Facebook and Instagram." "The investments we have made in AI mean that we find nearly 90% of Hate Speech we action before users report it to us, while a recent EU report found Facebook assessed more hate speech reports in 24 hours than Twitter and YouTube," the statement continued. "We know we have more work to do, and we'll continue to work with civil rights groups, GARM, and other experts to develop even more tools, technology and policies to continue this fight." Source: Business Insider, Bloomberg Billionaires Index Facebook's tide started to turn on August 6, when the launch of a new Instagram feature design to compete with TikTok sent both the company's share price and Zuckerberg's net worth to new heights. The move caused Zuckerberg's net worth to exceed $100 million for the first time, and makes him only the third centibillionaire currently on Earth. Source: Bloomberg
Facebook CEO Mark Zuckerberg's net worth just passed the $100 billion mark. Zuckerberg, Amazon CEO Jeff Bezos, and Microsoft cofounder Bill Gates are now the only three people in the world to be worth at least $100 billion, per Bloomberg. The executive's ballooned fortune comes as Facebook unveils its Instagram Reels, a TikTok-like feature in the app, and as Facebook has experienced a booming stock price during the pandemic. Visit Business Insider's homepage for more stories. Facebook CEO Mark Zuckerberg's net worth just passed the $100 billion for the first time as the social media firm has enjoyed a soaring stock price during the COVID-19 pandemic. Per a Bloomberg report, the ballooned fortune lands Zuckerberg with the likes of Amazon CEO Jeff Bezos and Microsoft cofounder Bill Gates, both of whom crested the $100 billion mark already. The three are reportedly the only people in the world worth at least $100 billion.  Zuckerberg, who has a 13% stake in Facebook, and other executives of online companies have enjoyed a surge in sales during the COVID-19 pandemic as people are ushered into their homes and more so onto their devices. News of Zuckerberg's expanded fortune comes soon after Facebook released Instagram Reels, a feature largely perceived as a TikTok competitor. Facebook is also still in the limelight following the Big Tech and Congress showdown on July 29 in which Zuckerberg and the CEOs of Amazon, Apple, and Google were grilled by lawmakers over antitrust concerns.  Zuckerberg has claimed in the past that he intends to give 99% of his Facebook shares away during his lifetime.SEE ALSO: Jeff Bezos is reportedly now worth over $171 billion, more than he was worth before his divorce Join the conversation about this story » NOW WATCH: Pathologists debunk 13 coronavirus myths
(Chan Zuckerberg Initiative) The CZ Biohub is providing free sequencing of the SARS-CoV-2 virus to all California Departments of Public Health through the California COVID Tracker.
Today, the Chan Zuckerberg Initiative (CZI) announced $5 million in funding to support open source software projects that are essential to biomedical research.Yet even the most widely-used research software often lacks dedicated funding.With these grants, awardees will be able to hire additional developers, improve documentation, address usability, improve compatibility, onboard contributors, convene communities, and more."Open source software accelerates the work scientists carry out each day, whether it's searching a genome sequence for a disease gene, tracking a disease outbreak, or counting cells in a microscope image," said CZI Head of Science Cori Bargmann."Scientists are only as good as their tools, and we’re thrilled to support open source projects that will benefit the entire scientific community and help every scientist be a better scientist."The 32 selected proposals include 42 total open source projects.
Facebook CEO Mark Zuckerberg attended the eighth-annual Breakthrough Prize Ceremony on Sunday night, where he rubbed elbows with musician Lenny Kravitz, actor LeVar Burton, and Google cofounder Sergey Brin.Zuckerberg and his wife, Priscilla Chan, both attended the event, which is referred to as the "Oscars of science."Zuckerberg presented awards and smiled for photographers amid increasing scrutiny over recent decisions by Facebook not to fact-check political ads.Visit Business Insider's homepage for more stories.Facebook CEO Mark Zuckerberg has had a rough few weeks.He had a rocky day in late October testifying in front of Congress, where he spent hours getting lambasted by a bi-partisan committee of politicians.
Facebook CEO Mark Zuckerberg posted his family's Halloween costume on the social-media platform on Thursday.Zuckerberg, his wife, Priscilla Chan, and their two children dressed as a garden.Zuckerberg has posted other family Halloween costumes in the past, including last year's choice of a skeleton.Facebook CEO Mark Zuckerberg showed off his family's Halloween costumes in a post on Facebook on Thursday."Happy Halloween from our garden! ""(I'm a drop of water.
Hundreds of Facebook employees are asking the company to change its policies on political ads, according to an internal letter obtained by The New York Times.The social network currently refuses to fact-check ads from politicians, allowing them to lie with impunity.250 employees signed on to an internal open letter calling for this to end and for Facebook to make a series of other changes.Facebook's polices on political ads are proving intensely controversial, in particular with Democrats.On Monday, The New York Times' Mike Isaac reported that more than 250 workers at the Silicon Valley social networking giant have signed an internal letter calling on the company's leadership to change course on its stance on political ads, which has become the latest political firestorm to engulf the company."Free speech and paid speech are not the same thing," the letter reads, according to a copy of it published by the NYT.