Can This Man Survive on a $1 a Year Salary?

Facebook CEO/Founder Mark Zuckerberg is taking one for the underpaid. The social media network boss is taking a huge cut in salary. in 2012 Zuckerberg made $503,205. In 2013 that salary fell by $503,204 to $1. But don't worry about Mark. With a net worth of $27 billion, making him the 22nd richest person in the world, he will survive.

Zuckerberg is following the well worn path of other Silicon Valley technology moguls who also chose to take on the symbolic annual salary of $1 after they were already wealthy. Apple Inc.’s late co-founder Steve Jobs helped popularize the practice, which is today also espoused by Google Inc. co-founders Larry Page and Sergey Brin, among others. All own sizable equity stakes in their own companies. 

source›› bloomberg