Facebook has revealed the amount of money it spends on protecting its founder, Mark Zuckerberg. The company said that in the year 2015, it spent $4.26 million on his security.
This revelation has added up the amount spent on his security from 2013 to 2015 to $12.5 million. The company revealed that so as to address security concerns on his safety as the “founder, CEO and chairman,” the company said.
The $47 billion-innovator is the world 8th richest person, Bloomberg Billionaires Index.
In the year 2014, the company used $5.6 million on his security and spent $2.65 m in 2013 for the same purpose. Tim Cook’s security cost Apple $209,151.
The disclosure was made by Facebook this week after being questioned last August by the US Securities and Exchange as to why it did not list the expenses as taxable expenditure. The social media firm said that business oriented security concern for Zuckerberg exempted it from filing this spending. The company said that they reversed this position and filed. Its spokesman refused to comment on the matter.
Zuckerberg has a home security system and guards at his San Francisco Mission District house. The team is under the management of a former US Secret Service agent who was once a protector of President Barack Obama.
Security “should be a board of directors’ first and foremost concern,” especially at companies built around a central figure, said Peter Martin, chief executive of security consultancy Afimac Global.