Sheryl Sandberg Net Worth (2022 Updated): How Did Sheryl Sandberg Become a Billionaire?
Sheryl Sandberg Net Worth: Sheryl Sandberg is the chief operating officer (COO) of Facebook and an American technology executive, activist, and author. She is the first woman to serve on Facebook’s board of directors.
She has written two books with Nell Scovell, “Lean In Women, Work, and the Will to Lead” and “Option B: Facing Adversity, Building Resilience, and Finding Joy,” and she also founded the organization Leanin.org.
She was Google’s vice president of global online sales and operations and was instrumental in establishing Google.org before she moved on to Facebook. She worked as Chief of Staff for her Harvard professor and then mentor, United States Secretary of the Treasury Lawrence Summers.
She gave the TED talk “Why we have too few women leaders” and has been a keynote speaker at other events. She is now ranked fourth on the list of most powerful women by ‘Forbes magazine, and in 2012 she was included in ‘Time’ Magazine’s annual list of the 100 most influential persons in the world (the ‘Time 100’).
Sheryl Sandberg Early Life
On August 28, 1969, in the nation’s capital, Sheryl Kara Sandberg entered the world. She was born in New York City to Jewish parents, and when she was two, she and her two younger siblings relocated to North Miami Beach, Florida.
She started out strong academically, graduating from high school with a 4.646 GPA and going on to Harvard University. She earned her BA in economics back in 1991.
The John H. Williams Prize was given to her because she was the best graduating student in economics. She returned to Harvard’s business school in 1993, where she earned her Master of Business Administration degree the following year.
Sheryl Sandberg Career
Sandberg started out as a management consultant before joining the Treasury Department under Larry Sanders. She later joined Google, heading the company’s advertising and publishing initiatives for its consumer goods and its Google Book Search function. While she was there, she expanded Google’s ad and sales team from four employees to four thousand.
When Mark Zuckerberg and Sheryl Sandberg first met, it was at a holiday party. Soon after, Sandberg was given the position of a chief operating officer at Facebook.
As soon as she was hired in 2008, she began looking for methods to increase the company’s bottom line and make the social media behemoth more profitable. Sandberg was successful in her endeavors because of the incorporation of commercial support.
As of the year 2020, she is in charge of an enormous chunk of Facebook’s company. In 2012, she became the first woman on Facebook’s board of directors.
— Sheryl Sandberg (@sherylsandberg) January 23, 2013
Sheryl Sandberg Investors in Facebook
Between Facebook’s IPO in May 2012 and her departure from the firm in June 2022, Sheryl carefully liquidated $1.7 – $1.9 billion worth of stock, according to public documents.
During her time at Facebook, Sheryl earned or bought a total of 48 million shares of Facebook. She sold around 20 million over time to cover taxes. At least 22 million of the remaining 28 million were sold by her through a prearranged sales program.
Sheryl still held over $300 million worth of Facebook shares at the time of her June 2022 retirement from the company.
Due to possible violations of anti-trust laws, the FTC said in 2020 that they were contemplating deposing both Mark Zuckerberg and Sheryl Sandberg. The computer behemoth had already paid a $5 billion fine for infractions a year prior.
Antitrust investigations continue to affect high-level Facebook officials like Sheryl Sandberg in 2020, despite the fact that Mark Zuckerberg has testified before US judicial committees multiple times since the crisis began.
Sheryl Sandberg Controversy Over Cambridge Analytica
An abundance of commentary suggests that 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 from Facebook users without consent, especially in order to develop political advertising techniques. Prior to its shameful demise, Cambridge Analytica was a political consultancy organization based in the United Kingdom.
Because users were asked questions on Facebook, in-depth psychological profiles could be created about them. The information was later sold by Cambridge Analytica to different political campaigns. This profiling and data mining occurred as early as 2013, and it purportedly had an impact on the 2016 US elections.
Zuckerberg apparently held Sandberg directly responsible for the fallout and controversies that followed. After a heated confrontation with the Facebook CEO, Sandberg apparently became anxious about the future of her employment.
Sheryl Sandberg Net Worth and Salary
Sheryl Sandberg is a successful American entrepreneur, with a net worth of $1.6 billion. The majority of Sandberg’s wealth was amassed during her tenure as Facebook’s COO (Chief Operating Officer). Sheryl was the head of Google’s advertising division before joining Facebook. It was in 2008 that Sheryl first signed up for Facebook.
Sheryl announced her retirement from Facebook on June 1, 2022, after serving for 14 years. Extreme growth and profitability during Sheryl’s time at Facebook will be remembered just as much as the seemingly endless controversies that plagued the company throughout her tenure.
Sheryl Sandberg Further Controversy
Sheryl Sandberg has attracted criticism for a number of other actions, and she is viewed by many to be a driving factor behind “surveillance capitalism.” She apparently also had Facebook’s PR staff investigate George Soros’ finances after he publicly criticized Facebook and other internet businesses.
Sheryl Sandberg Relationships
After one year of marriage, Sandberg and Brian Kraff divorced in 1994. She wed former SurveyMonkey CEO Dave Goldberg in 2004. This couple had two kids over the course of their partnership. Goldberg died in a tragic accident in 2015. Sandberg has made it public knowledge that arrhythmia was the cause of his passing.
Sheryl Sandberg Real Estate
Sanberg spent $2.9 million on a home in Menlo Park, California, in 2009. After dismantling the original building, she and her husband spent the following few years restoring the land and building it back up from scratch. Sheryl must feel quite at home in the angular, “bunker-like,” and generally dreary property that now serves as Facebook’s headquarters.
The home has 9,210 square feet of living area, and its interior is said to have a “corporate” vibe. There’s also a great room with a large waterfall, a wine cellar, a cinema, a guest suite, and a gym. A basketball court, solar panels, and a green roof all make this outdoor area stand out. The home is worth approximately $11,000,000 in 2020.
Sheryl Sandberg made a $9.25 million profit on the sale of her Atherton, California home in 2014. She paid $7.995 million in 2004 when she made the initial purchase. Household space totals 11,430 square feet, and it doesn’t count as the basement. Atherton has been dubbed the “Most Expensive Zip Code in America” by a number of media outlets.