THERE WILL COME A DAY, WHEN THE STREETS ARE NO LONGER SAFE.

'Specific threats' force Facebook to increase Zuckerberg's family security allowance to $10million a year, as billionaire CEO sees his company suffer biggest stock-market wipe-out in American history

Facebook has announced a $10million allowance for the Zuckerberg family

Last year Facebook gave the CEO $7.3million for his home and personal security

2017's allowance for Zuckerberg's security and air travel was the largest budget for a Fortune 100 company CEO

The boosted allowance was filed on Thursday 'to address safety concerns due to specific threats'

Also on Thursday Facebook's stock market value plunged 19 per cent, wiping $119billion off the company's value

Facebook has approved a $10million allowance to beef up Mark Zuckerberg’s family security.

The million-dollar pre-tax allowance is a jump from last year’s $7.3million allocated for home security, body guards, and private air travel – the biggest sum ever for a Fortune 100 company CEO according to research firm Equilar.

The allowance, which was announced in a Securities and Exchange Commission filing on Thursday, was boosted 'to address safety concerns due to specific threats'.

This allowance will be in addition to the continued funding of Mr. Zuckerberg's overall security program to cover the costs of security personnel for his protection; the procurement, installation, and maintenance of certain required security measures for his residences; and the usage of private aircraft for personal travel,' Facebook wrote in a filing.

Facebook will pay Zuckerberg the pricey allowance for him to allocate accordingly for security, residential improvements, and equipment.

The company added it considered Zuckerberg's 'position and importance to Facebook' in establishing the allowance, as well as his salary, which was just $1 last year.

The $10million amount is the most Facebook has allocated for Zuckerberg's security. In 2015 his security cost $4,256,004.

COO Sheryl Sandberg also has a security program which amounted to $2.7million last year, a fraction of Zuckerberg's $7.3million in 2017 - which breaks down to $20,000 spent a day, according to CNBC.

CNBC also reported that Zuckerberg has a team of 16 guards working security in rotation at his Palo Alto home.

Zuckerberg's security budget is massive compared to other company CEOs. In comparison Amazon's Jeff Bezos spent $1.6million on security in 2016, Apple's Tim Cook spent just $224,000 in 2016 and Warren Buffett allocated $387,000 that same year.

https:// www.dailymail.co.uk/news/article-5997721/Facebook-approves-10million-allowance-Zuckerbergs-security.html