The lives of the rich and famous have a price. Meta boss Mark Zuckerberg‘s life cost $27 million (US) to protect in 2021.
Meta, the parent company of Facebook, has spent a fortune to ensure the safety of its big boss Mark Zuckerberg and his family in 2021. This bill is up from the $23.4 million (US) paid a year earlier.
The California-based company detailed the costs related to the security of its boss, the 13th richest man on the planet, with $79.5 billion (US), according to Bloomberg’s billionaires index.
Of the 27 million spent by Meta, 15.2M was for “Mr. Zuckerberg’s personal security at his residences.” Another $10 million was paid as an “annual pre-tax allowance ” to cover other security-related costs for Mr. Zuckerberg, his wife Priscilla Chan and their children. The remaining funds covered the businessman’s private air travel .
Meta thus justified the sums collected to ensure the safety of his boss.
“Mr. Zuckerberg is one of the most recognized executives in the world, in large part due to the size of our user base and our continued exposure to the attention of the media, lawmakers and global regulators.”
Is Meta overzealous in the resources it allocates to protecting its CEO? By comparison, Amazon spent about $1.6 million on security and business travel for its founder and chairman Jeff Bezos last year. Apple spent $1.3 million on the security of its CEO Tim Cook.