Sheryl Sandberg Net Worth
Sheryl Sandberg is an American businesswoman who is currently worth $1.8 billion, according to recent estimates. Facebook’s Chief Operating Officer is Sandberg. COO is an abbreviation for “Chief Operating Officer.”
She is considered to be one of the most influential persons on the planet, and the majority of her wealth is attributable to the stock holdings she owns in Facebook and other firms. She had a successful political career and worked as an executive at Google before she started working for Facebook.
Sheryl Sandberg Early Life
Sheryl Kara Sandberg was born on the 28th of August in the year 1969 in the city of Washington, District of Columbia. She was the oldest of three children and was brought up with her two younger siblings in a Jewish home. When she was two years old, she relocated to North Miami Beach in Florida with her family.
She started out strong in high school, with a grade point average of 4.64 by the time she graduated and was accepted to Harvard College.
She received her Bachelor of Arts degree in economics in 1991 and graduated. The John H. Williams Prize was bestowed upon her as recognition for her achievements as the department of economics’s most outstanding graduating student.
She enrolled in Harvard University once more in 1993, this time in the business school, and she received her master’s degree in business administration in 1995.
Sheryl Sandberg Career
Sandberg began her professional life working as a management consultant before beginning her employment with Larry Sanders, who was then serving as the Secretary of the United States Treasury.
After that, she started working for Google, where she was in charge of the advertising and publishing operations for the company’s consumer goods as well as the Google Book Search function. After a while, she decided to leave Google having expanded the company’s advertising and sales division from four people to 4,000 workers.
Sandberg was presented with the opportunity to become Facebook’s COO after initially meeting Mark Zuckerberg at a holiday party. In 2008, she became an official employee of the company and immediately began looking into methods to make the massive social media platform profitable.
Sandberg was successful in accomplishing her objective by incorporating paid advertising. As of the year 2020, she is in charge of a significant amount of the business operations at Facebook. In 2012, she made history by becoming the first woman to serve on the board of directors for Facebook.
Sheryl Sandberg Facebook Holdings
According to documents made public, Sheryl has sold over $1.5 billion worth of shares in Facebook since the company went public in May of 2012.
She possessed 0.06 percent of the company’s equity as of November 2018, which, given that the company had a market cap of $400 billion at the time, was worth $215 million before taxes and fees were taken into account. Additionally, she is the owner of 886,666 options, which have a pre-tax value of $115 million and are predicated on a market worth of $400 billion.
It was discovered in 2013 that Sheryl had sold 2.4 million Facebook shares, which had a combined value of approximately $91 million at the time. This was only 5% of her overall ownership in Facebook, therefore it wasn’t really significant.
It was claimed that Sheryl had sold more than half of her Facebook shares by the year 2014, leaving her with approximately 17.2 million shares in total after the sale. This constituted a total ownership in the company equaling 0.5 percent of its overall value and worth around one billion dollars.
Sheryl Sandberg Anti Trust Investigation
In the year 2020, it was reported that the FTC was contemplating the possibility of removing both Mark Zuckerberg and Sheryl Sandberg from their positions at Facebook due to probable violations of anti-trust law. This occurred one year after the computer giant had previously settled a violation fine of $5 billion. Since the scandal began, Mark Zuckerberg has made multiple appearances before US judiciary panels. As of the year 2020, these antitrust investigations continue to have an impact on high-level Facebook officials such as Sheryl Sandberg.
Sheryl Sandberg Cambridge Analytica Scandal
A great number of commentators have expressed the opinion that Sheryl Sandberg was responsible for a significant portion of the Cambridge Analytica scandal.
This scandal broke out in 2018, when it was discovered that Cambridge Analytica had improperly obtained data from Facebook users without their consent, primarily for the purpose of developing advertising strategies for political campaigns. Before it was forced to close its doors in shame, Cambridge Analytica was a political consultancy firm based in the United Kingdom.
Users on Facebook were made to answer questions in order to compile comprehensive psychological profiles, and Facebook itself was directly involved. Following that, Cambridge Analytica sold the data to a number of other political campaigns. This data mining and profiling began as early as 2013, and according to some reports, it had an effect on the elections that took place in the United States in 2016.
According to reports, Zuckerberg held Sandberg directly accountable for the damage and controversy that ensued. It has been reported that during a furious argument with the CEO of Facebook, Sandberg became anxious about the future of her employment.
Sheryl Sandberg Further Controversy
Among other things, Sheryl Sandberg has been criticised, and she is considered as a driving force behind “surveillance capitalism” by many as well. While criticising several internet businesses, she is said to have contacted Facebook’s communications staff to inquire about George Soros’ finances.
Sheryl Sandberg Relationships
Sandberg was married to Brian Kraff for a year before divorcing him in 1994. A few years later, she married SurveyMonkey’s ex-CEO Dave Goldberg. The couple had two children together over the course of their partnership. Goldberg died unexpectedly in an accident in 2015. Arrhythmia was the cause of Sandberg’s death, he has admitted.
Activision Blizzard CEO Bobby Kotick began dating Sheryl Sandberg in 2016. After dating for three years, they called it quits. To celebrate their upcoming nuptials in 2020, she got engaged to Tom Bernthal, the Kelton Global CEO.