The Billionaires Club Welcomes Sheryl Sandberg

The billionaires club welcomed a new member at the close of trading Tuesday, as Facebook Chief Operating Officer Sheryl Sandberg saw her net worth top the $1 billion mark when the social network’s stock closed at $58.51 per share, Bloomberg reported.

Billion650The billionaires club welcomed a new member at the close of trading Tuesday, as Facebook Chief Operating Officer Sheryl Sandberg saw her net worth top the $1 billion mark when the social network’s stock closed at $58.51 per share, Bloomberg reported.

Sandberg holds some 12.3 million Facebook shares, which are worth about $750 million, according to Bloomberg, and she has sold more than $300 million worth of shares since Facebook went public in May 2012.

Not everyone was impressed by Sandberg’s milestone, however, as David Kirkpatrick, author of The Facebook Effect, told Bloomberg:

Did she do $1 billion worth of work? I don’t know.

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