Meta Spent 33.2 Billion KRW on Zuckerberg's Security Costs Last Year

Mark Zuckerberg, CEO of Meta Platforms [Photo by Reuters]

[Asia Economy Reporter Jeong Hyunjin] Meta Platforms, the parent company of Facebook, reportedly spent $26.8 million (approximately 33.2 billion KRW) last year on security for CEO Mark Zuckerberg and his family.

On the 11th (local time), Bloomberg News reported based on Meta's recent disclosure that the security costs for CEO Zuckerberg and his family increased by 6% compared to the previous year. This includes $15.2 million for protecting Zuckerberg while at home or during personal travel, $10 million in pre-tax allowances for family safety, and $1.6 million for the use of private jets for personal travel.

Meta explained that the increase in security expenses was due to compliance with COVID-19 protocols and a general rise in personal security costs in the market.

In the case of Meta's Chief Operating Officer (COO) Sheryl Sandberg, security expenses amounted to $9 million last year. Additionally, $2.3 million was spent on private jet use for personal travel.

Meta stated that the introduction of the security program was prompted by growing safety concerns due to specific and direct threats surrounding CEO Zuckerberg and COO Sandberg. Especially amid increasing attention from the media and regulatory authorities, negative factors related to the company are directly linked to CEO Zuckerberg, who is essentially synonymous with Meta, and security measures are taken with this in mind.

Bloomberg reported that Zuckerberg's security costs are several times higher than those of key figures at other global companies. Last year, Google CEO Sundar Pichai spent $4.3 million on security, CEO Evan Spiegel spent $2.3 million, Oracle CEO Larry Ellison spent $2.2 million, and Amazon founder Jeff Bezos spent $1.6 million.

This content was produced with the assistance of AI translation services.