Friday 25 April 2014

Facebook's Sheryl Sandberg becomes one of world's youngest billionaires

Sheryl Sandberg, chief operating officer of Facebook Inc., reacts during the DreamForce Conference in San Francisco, California, U.S., on Wednesday, Nov. 20, 2013. Inc. introduced an overhauled version of its mobile software, seeking to ensure clients and partners will be able to use more features of the company's sales, marketing and customer service software. Photographer: David Paul Morris/Bloomberg *** Local Caption *** Sheryl Sandberg
Sheryl Sandberg

Facebook’s chief operating officer Sheryl Sandberg (44) has become one of the world’s youngest billionaires.

The 'Lean In' author's fortune surpassed the $1bn mark after Facebook shares finished trading at $58.51 in New York last night, Bloomberg reports.

She owns around 12.3 million shares in the company.

In addition, she has amassed over $300m by selling Facebook shares since the firm's flotation in 2012.

“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 with Bloomberg.

“It’s proving to be one of the greatest stories in business history.”

She was lured from Google in 2008, and stepped down from the board of Starbucks in 2012.

She is attending the World Economic Forum’s annual meeting this week in Davos, Switzerland.

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