Business & Tech

Zuckerberg Cashes in Stock To Pay Tax Bill

Facebook's founder faced a $1 billion tax bill.

Ā 

Mark Zuckerberg cashed in stock options worth about $2.3 billion last year, which led to an almost $1 billion tax bill, reported USA Today.Ā 

The former Los Altos resident's 2013 salary will be $1, without any equity awards, which is in sharp contrast to what he reportedly made last year, $503,000. His bonus and perks were valued at about $1.4 million.Ā 

Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

More from Los Altos