In a nutshell: Being one of many wealthiest and most well-known individuals on this planet could make you and your loved ones a goal. It’s one thing Mark Zuckerberg is aware of about all too properly, with Facebook father or mother Meta spending a file $26.8 million final 12 months on defending its CEO and his shut family members. It says the rise was obligatory partly because of the elevated animosity towards the social community.
Meta’s regulatory submitting with the Securities and Exchange Commission (SEC) reveals that the corporate spent greater than $15.2 million final 12 months holding Zuckerberg protected at his properties and through private journey. He was additionally given $10 million as a pretax allowance for his household’s safety, together with $1.6 million for the usage of a personal plane for private journey.
The quantity it prices to guard the Zuckerberg clan is rising annually. It was $23 million in 2019, $25 million in 2020, and has now reached $26.8 million. The submitting places a few of this right down to larger prices for normal private journey, the Covid-19 protocols, and market will increase for safety personnel.
One space that’s coming down is personal air journey. The firm spent $1.6 million on Zuckerberg’s planes in 2021, lower than the $1.8 million spent in 2020 and $2.9 million in 2019.
Bloomberg writes that the amount of cash spent on safety prices for Zuckerberg and Meta Chief Operating Officer Sheryl Sandberg ($9 million) is far larger than many different executives. Google’s Sundar Pichai ($4.3 million) is the closest to Sandberg. He’s adopted by Snap’s Evan Spiegel ($2.3 million), and Oracle’s Larry Ellison ($2.2 million).
Meta notes within the submitting that “adverse sentiment relating to our firm is instantly related to, and infrequently transferred to, Mr. Zuckerberg.”
This 12 months will see Meta additionally paying for Zuckerberg’s private journey on an plane owned by him and operated by a constitution firm.