Facebook Inc (FB) COO Sandberg Becomes A Billionaire

Facebook Inc (NASDAQ:FB) COO Sheryl Sandberg has become one of the youngest billionaires as Facebook Inc (NASDAQ:FB) shares closed at a record high on Tuesday. Shares of the world’s largest social networking company jumped 3.93% yesterday to close at $58.51. Sheryl Sandberg owns 12.3 million shares of the company, which are now valued at $750 million. She also has 4.7 million stock options that started vesting in May 2013.

Facebook Inc (FB) COO Sandberg Becomes A Billionaire

Facebook COO to run for political office?

The former Google Inc executive, who joined Facebook Inc (NASDAQ:FB) in 2008, has sold shares worth $300 million since the Menlo Park-based company’s IPO in May 2012. The 44-year old executive will be attending the World Economic Forum in Davos, Switzerland. According to Bloomberg Billionaires Index, Facebook Inc (NASDAQ:FB) founder and CEO Mark Zuckerberg has a net worth of about $19 billion. Zuckerberg recently donated $1 billion to a Silicon Valley charity.

David Kirkpatrick, who authored The Facebook Effect said that Sandberg doesn’t really do billion-dollar work. But she was lucky to land at the right time in the right place, where her talent could be appreciated. Sheryl Sandberg’s image has increasingly been changing on the global stage. She is a donor to President Barack Obama, sits on the boards of The Walt Disney Company (NYSE:DIS) and Starbucks Corporation (NASDAQ:SBUX), and has written the bestseller Lean In: Women, Work, and the Will to Lead. Kirkpatrick says Sandberg knows when to run for the political office, and win it.

Facebook to report Q4 earnings on January 29

Facebook Inc (NASDAQ:FB) is scheduled to report its fourth quarter earnings on January 29. Analysts expect solid advertising revenue growth, which is likely to come $100 million above the consensus. Its Q4 earnings are expected to jump 59% YoY to 27 cents a share with $2.33 billion in revenue. Facebook Inc (NASDAQ:FB)’s user base has surpassed 1.2 billion worldwide.

Facebook Inc (NASDAQ:FB) shares sank 0.31% in pre-market trading Wednesday to $58.33. The stock has gained a staggering 97% over the past 12 months.

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About the Author

Vikas Shukla
Vikas Shukla has a strong interest in business, finance, and technology. He writes regularly on these topics. - He can be contacted by email at [email protected]

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