I’m a wealth reporter covering the world’s richest people for Forbes. I previously spent a year reporting on breaking news, and have worked for CBS News and Inc. magazine. You may spy a British accent. Email me here: [email protected]
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Sheryl Sandberg has been one of Facebook’s biggest cheerleaders for more than a decade. Since joining the social media platform as chief operating officer in 2008, she has played a crucial role in morphing Facebook into the tech powerhouse it is today. She helped early on with the mobile advertising strategy and defended Facebook during multiple scandals, becoming one of its most visible executives—and a billionaire worth an estimated $1.6 billion—along the way.
One of Facebook’s earliest executives, recruited by founder Mark Zuckerberg from Google, where she was the vice president of global online sales and operations, Sandberg owned nearly 17.9 million shares as of March 2013. Within a year she had offloaded about 30% of her stake; by 2015, an additional 42% of her shares were sold or given away. Her share sales started to slow down in 2016 before coming to a halt in late 2019, despite Meta’s share price reaching an all-time high in late 2021.
In total, Sandberg has sold more than $1.8 billion worth of Meta stock to date, according to FactSet based on public filings. She has also donated roughly $350 million worth of Meta Platforms shares to donor advised funds, primarily the Sheryl Sandberg & Dave Goldberg Family Fund. Once a donation is made to a donor advised fund, it’s hard to tell where the money goes.in late 2019, it appears that only a small portion of that donor advised fund money has in turn been shifted into LeanIn.
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