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Sheryl Sandberg of Facebook becomes a billionaire

Sheryl Sandberg of Facebook becomes a billionaire

Sheryl Sandberg, Facebook executive and best-selling author, can now add another title to her resume: billionaire.

Facbook’s chief operating officer became a billionaire Monday after the social networking giant’s stock price closed at a record high $58.51 per share. Ms. Sandberg owns about 12.3 million shares of Facebook stock valued at approximately $750 million, according to Bloomberg’s Billionaire Index, which tracks the net worth of the world’s wealthiest individuals.

That, plus the $300 million she’s made selling Facebook shares since the company’s IPO in 2012, makes her one of the youngest billionaires in the country at age 44. Her boss, Mark Zuckerberg, is worth around $12.4 billion.

The ‘billionaire’ distinction caps off a couple of big years for Sandberg, whose omnipresence as a cultural figure has risen right along with her wealth. In March 2013, the mother of two published “Lean In: Women, Work, and the Will to Lead.” A manifesto for women in the corporate world, “Lean In” thrust Sandberg center stage into the debate surrounding working women and balancing family and career. Among her most talked-about positions is the importance of a shared-earning/shared-parenting marriage, where both parents have equal responsibilities inside and outside the home.

Read more from The Christian Science Monitor

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