Well someone is having a good week. On Tuesday, Sheryl Sandberg’s fortune surpassed $1 billion after Facebook closed at a record high of $58.51.
Sandberg, the COO of Facebook, owns about 12.3 million shares in the world’s most popular social network. According to Bloomberg, she has collected more than $300 million selling shares since the company’s 2012 initial public offering, and owns about 4.7 million stock options that began vesting last May. With her stake now valued at $750 million, this makes the 44 year old one of the youngest female billionaires in the world.
“She was brought in to figure out how to make money,” David Kirkpatrick, author of “The Facebook Effect,” a history of the company, said in a telephone interview. “It’s proving to be one of the greatest stories in business history.”
Business Insider’s Nicolas Carlson wrote of Sandberg:
“Sandberg is much more than your typical COO. She runs the ad business. She’s the “adult supervision,” and she’s one of the company’s more public faces. It’s also likely that Facebook had to pay up to get Sandberg when it got her. At the time, Facebook was only a couple years old and its young founder had already blown through two other top lieutenants; Sean Parker and Owen Van Natta. And it’s not like Sandberg didn’t already have a good job: she was running Google’s self-service ad sales organization. She’s also told interviewers that she was being recruited to be CEO at other companies.”
Sandberg has brought Facebook on to a whole new level and she got people talking about women in the workplace with her best-selling book Lean In as well as her community LeanIn.org. This woman is making an impact. And with this week’s monetary announcement, it is only natural that experts continue to speculate when she will run for political office.
But Sandberg is very humble about her career path. On her career, Sheryl has said: “I always tell people if you try to connect the dots of your career, if you mess it up you’re going to wind up on a very limited path. If I decided what I was going to do in college—when there was no Internet, no Google, no Facebook … I don’t want to make that mistake. The reason I don’t have a plan is because if I have a plan I’m limited to today’s options.”
Congrats to Sandberg. We know this is just the beginning.