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Sheryl Sandberg officially a billionaire as Facebook shares hit new high Sheryl Sandberg new billionaire as Facebook shares hit new high
(35 minutes later)
Sheryl Sandberg's fortune has officially surpassed $1 billion after Facebook shares climbed to a new record high, making her one of the youngest billionaires in the United States.Sheryl Sandberg's fortune has officially surpassed $1 billion after Facebook shares climbed to a new record high, making her one of the youngest billionaires in the United States.
The 44-year old owns approximately 12 million shares in the world's most popular social network, which closed at a fresh high of 58.51 in New York trading on Tuesday.The 44-year old owns approximately 12 million shares in the world's most popular social network, which closed at a fresh high of 58.51 in New York trading on Tuesday.
Her stake in the company is valued at $750 million. Facebook's chief operating officer has snapped up more than $300 million selling shares since the company went public in May 2012 trading at $38 per share, and owns approximately 4.7 million stock options. Her stake in the company is valued at $750 million.
Facebook's chief operating officer has snapped up more than $300 million selling shares since the company went public in May 2012 trading at $38 per share, and owns approximately 4.7 million stock options. Sandberg, who also sits on the board of Starbucks and Disney, is one of the youngest female billionaires in the world according to the Bloomberg Billionaire Index.
Sandberg, who also sits on the board of coffee chain Starbucks and Disney, is one of the youngest female billionaires in the world according to the Bloomberg Billionaire Index.
She recently published her first book 'Lean In: Women, Work and the Will to Lead' encouraging women to pursue their ambitions in the corporate world.She recently published her first book 'Lean In: Women, Work and the Will to Lead' encouraging women to pursue their ambitions in the corporate world.
David Kirkpatrick, author of 'The Facebook Effect' told Bloomberg TV: "Did she do a billion dollars-worth of work- I don't know. She had the good fortune to land in the right place where her talents could really be applauded."David Kirkpatrick, author of 'The Facebook Effect' told Bloomberg TV: "Did she do a billion dollars-worth of work- I don't know. She had the good fortune to land in the right place where her talents could really be applauded."
Last month, Facebook founder Mark Zuckerberg sold $2.3bn worth of shares in the social network to pay a tax bill and donated $1 billion worth of stock to the Silicon Valley Community Foundation.Last month, Facebook founder Mark Zuckerberg sold $2.3bn worth of shares in the social network to pay a tax bill and donated $1 billion worth of stock to the Silicon Valley Community Foundation.