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| Sheryl Sandberg new 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. |
| 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. | |
| 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 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. |