Sheryl Sandberg Net Worth
Sheryl Sandberg is a multi-millionaire American entrepreneur. Sandberg is Facebook’s COO. Since she owns shares in Facebook and other firms, she has been dubbed one of the most powerful persons on the planet. Sheryl’s net worth is around $1.8 billion. In the past, she had positions in government and at Google before joining Facebook.
Sheryl Kara Sandberg was born in Washington, D.C., on August 28th, 1969. When she was two years old, she and her family relocated to North Miami Beach, Florida, where she was raised alongside two younger siblings.
Prior to enrolling at Harvard University, she excelled in high school, earning a 4.646 grade point average before her senior year. In 1991, she received a bachelor’s degree in economics. She received the John H. Williams Prize for graduating as the top economics student in her class. She returned to Harvard in 1993 to complete her MBA at the university’s business school. In 1995, she graduated with honors.
Prior to working for Larry Sanders, the Secretary of the Treasury, Sheryl Sandberg worked as a management consultant. As a result of her work at Google, she was promoted to oversee the company’s advertising and publishing initiatives for its consumer goods and Google Book Search. In the end, she departed Google with a 4,000-person ad and sales team under her belt.
Sandberg was offered the position of Facebook COO after meeting Mark Zuckerberg at a Christmas party. Since she started working for the company in 2008, she has been looking for methods to make it more profitable. Sandberg was able to reach her target with the help of paid advertising. With her appointment as Facebook’s chief operating officer, she will be responsible for a significant amount of the company’s business. She joined Facebook’s board of directors as the company’s first female member in 2012.
Investment in Facebook
According to public documents, Sheryl has sold $1.5 billion in Facebook stock since the company went public in May 2012. With a market capitalization of $400 billion as of November 2018, she had a stake in the company worth $215 million before taxes and fees. On top of that, she holds 886,666 options with a pre-tax value of $115 million, all in a company with a market cap of $400 billion.
Sheryl sold 2.4 million Facebook shares valued around $91 million in 2013. Only 5% of her Facebook shares were invested in this deal. Her remaining Facebook shares were estimated to be around 17.2 million at the time of her sale in 2014. A 0.5 percent ownership in the company with a value of almost $1 billion was the result of this investment.
Inquiry Into Antitrust Laws
As a result of possible anti-trust law violations, the FTC said in 2020 that it was considering the deposition of both Mark Zuckerberg and Sheryl Sandberg. One year after paying a $5 billion fine for violations, the computer giant was fined another $5 billion. On multiple occasions since the crisis began, Mark Zuckerberg has gone in front of U.S. court panels to answer questions about Facebook’s antitrust practises.
Controversy involving Cambridge Analytica
Sheryl Sandberg’s position in the Cambridge Analytica Scandal has been widely speculated upon. When it was discovered in 2018 that Cambridge Analytica had gathered data from Facebook users without their permission, it was a major scandal. When Cambridge Analytica was shut down in disgrace, it was a political consultancy firm based in the United Kingdom.
To develop detailed psychological profiles, Facebook members were asked a series of questions. The data was then sold to various political campaigns by Cambridge Analytica. It has been suggested that the 2016 US elections were influenced by this profiling and data mining that began as early as 2013. Facebook CEO Mark Zuckerberg reportedly blamed Sandberg for the subsequent backlash and uproar. When she got into an argument with Facebook CEO Mark Zuckerberg, Sandberg reportedly became worried about her future.
In the past, Sheryl Sandberg has been accused of promoting “surveillance capitalism,” and she has been criticized for a number of other activities. On the heels of George Soros publicly criticizing tech companies, she allegedly asked a team of Facebook communications professionals to investigate his finances.
Sandberg was married to Brian Kraff for a year before divorcing him in 1994. Dave Goldberg, the former CEO of SurveyMonkey, married her in 2004. The couple had two children together over the course of their partnership. Goldberg died in an accident in 2015, leaving behind a young son. Sandberg has made it clear that he died of an arrhythmia, which he acknowledged publicly.
Sanberg paid $2.9 million for a property in Menlo Park, California, in 2009. Renovating the property after removing the previous construction took several years for her and her husband. Sheryl may feel quite at home in the angular, “bunker-like,” and somewhat desolate property, which today shares many similarities with Facebook’s headquarters.
The home’s inside has been described as “corporate,” with its 9,210 square feet of living area. Additionally, a wine cellar, a fitness centre, an entertainment centre, a guest bedroom, and a great room with a big waterfall are all available for use by guests. The basketball court, solar panels, and green roof of the outside area make it stand out. The property is predicted to be worth $11 million in 2020.
Sheryl Sandberg sold a California home for $9.25 million in 2014. Her original buying price was $7.995 million when she bought it in 2004. Without the basement, the house has an impressive 11,430 square feet of living space. Several sources have dubbed Atherton the “Most Expensive Zip Code in America.”