American businesswoman Sheryl Sandberg has a net worth of $1.8 billion. Sandberg is Facebook’s COO (Chief Operating Officer). She has been named one of the most important persons on the planet, and her interests in Facebook and other firms account for the majority of her net wealth. She had a political career and was an executive at Google before joining Facebook.
Sheryl Kara Sandberg was born in Washington, D.C. on August 28, 1969. When she was two years old, she relocated with her family to North Miami Beach, Florida, from a Jewish household with two younger brothers.
She graduated from high school with a GPA of 4.646% before enrolling at Harvard College. She received her Bachelor of Arts in economics in 1991. The John H. Williams Prize was granted to her because she was the best graduating student in the economics department. She re-enrolled at Harvard in 1993, attended the business school, and earned her MBA in 1995.
Before working for Larry Sanders, the United States Secretary of the Treasury, Sandberg began her professional life as a management consultant. She subsequently joined Google, where she led the company’s advertising and publishing initiatives for its consumer goods and its Google Book Search function. She finally departed Google after expanding its advertising and sales team from four to four thousand personnel.
After meeting Mark Zuckerberg at a holiday party, Sandberg was offered the position of Facebook’s chief operating officer. She joined the firm officially in 2008 and immediately began looking for methods to make the social media behemoth profitable. With the inclusion of commercial advertising, Sandberg accomplished her objective. She manages a substantial chunk of Facebook’s corporate operations as of 2020. She was the first woman to join Facebook’s board of directors in 2012.
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Sheryl has sold $1.5 billion worth of Facebook stock since the company went public in May 2012, according to public documents. In November 2018, she held 0.06 percent of the company’s equity, which, based on its market capitalization of $400 billion at the time, was worth $215 million before taxes and fees. Additionally, she owns 886,666 options with a pre-tax value of $115 million, based on a market capitalization of $400 billion.
In 2013, it was disclosed that Sheryl had sold approximately $91 million worth of Facebook shares, equivalent to 2.4 million shares. This constituted only five percent of her overall Facebook holdings. In 2014, it was reported that Sheryl had sold more than fifty percent of her Facebook shares, leaving her with approximately 17.2 million shares. This constituted a 0.5 percent ownership in the corporation valued at approximately $1 billion.
In 2020, it was reported that the FTC was considering deposing both Mark Zuckerberg and Sheryl Sandberg for suspected violations of antitrust law. A year prior, the IT titan had paid a $5 billion penalty for violations. Mark Zuckerberg has been before US judicial committees multiple times since the crisis began, and as of 2020, these antitrust investigations continue to touch high-level Facebook officials including Sheryl Sandberg.
Cambridge Analytica Scandal
Multiple experts believe Sheryl Sandberg played a significant role in the Cambridge Analytica Scandal. This event occurred in 2018 when it was disclosed that Cambridge Analytica obtained data without permission from Facebook users, primarily to develop political advertising techniques. Before its closure in disgrace, Cambridge Analytica was a political consultancy firm based in the United Kingdom.
Facebook was intimately involved as users were subjected to psychological profile-building questions. Cambridge Analytica subsequently sold the data to political campaigns.
As early as 2013, this profiling and data mining allegedly affected the 2016 US elections. According to reports, Zuckerberg held Sandberg directly accountable for the subsequent backlash and uproar. After a violent argument with Facebook’s CEO, Sandberg reportedly became anxious about her job security.
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Sheryl Sandberg has been criticized for a variety of different actions, and many view her as a driving force behind “surveillance capitalism.” She also asked a team of Facebook communications experts to investigate the financial practices of George Soros after he openly questioned the activities of numerous internet businesses.
Sandberg’s first marriage was to Brian Kraff, whom she divorced after a single year in 1994. In 2004, she wed the former CEO of SurveyMonkey, Dave Goldberg. The couple had two children throughout their partnership. Goldberg died abruptly in 2015 due to an accident. Sandberg has disclosed that he passed away due to arrhythmia.
In 2016, Sheryl began dating Activision Blizzard’s CEO, Bobby Kotick. They ended their three-year relationship. She gets engaged to Tom Bernthal, CEO of Kelton Global, in 2020.
What Is Sheryl Sandberg Salary?
In 2009, Sanberg paid $2.9 million for a property in Menlo Park, California. After dismantling the existing structure and beginning from scratch, she and her husband renovated the property for the next five years. Today, the angular, “bunker-like,” and the slightly dreary property has many similarities with Facebook’s headquarters, suggesting that Sheryl is perfectly at home at work.
The home has 9,210 square feet of living area, and reports indicate the interior has a “corporate” atmosphere. In addition, there is a wine room, gym, movie theatre, guest bedroom, and a great area with a waterfall. The outside area is famous for its solar panels, basketball court, and green roof. The property’s anticipated value in 2020 is $11 million.