Meet Sheryl Sandberg, the Facebook COO, who is frequently compared to Meta’s founder Mark Zuckerberg, and who became a millionaire through Facebook recruitment.
She is an important part of Facebook’s success. She possesses the qualities required of a great leader.
Sheryl Sandberg, an exceptional leader, became a billionaire while working at Facebook, a status that made her one of Silicon Valley’s most well-known figures. She’s is worth $1.7 billion, according to Forbes‘ billionaire index.
She is more than simply a Facebook leader; she has made significant contributions to charitable causes and the feminist movement through LeanIn.Org, a non-profit organization dedicated to empowering women.
Before meeting Mark Zuckerberg in 2007, she worked at Google, where she was in charge of online sales of Google’s advertising and publishing goods, as well as sales operations for Google’s consumer products and Google Book Search.
And even before working at Google, Sandberg began her career as the head of staff to then-US Treasury Secretary Lawrence Summers, who was the US Secretary of the Treasury under President Bill Clinton’s presidency at the time.
It’s very impossible to discover a hired person who became a billionaire by working for someone else; all billionaires are typically self-made, but the Sandberg instance proves us wrong as she wasn’t a billionaire before she met Mark, but she became one afterward.
How did she do it?
Well, let’s take a look at Sheryl Sandberg’s roadmap to becoming a billionaire while working at Facebook.
Meeting Mark Zuckerberg
It was late 2007, when Mark Zuckerberg, the co-founder, and CEO of Facebook, was schmoozing at Dan Rosensweig’s Christmas party, where he met Sandberg.
Sheryl Sandberg was the VP of global sales at Google at the time of their encounter, a position she held with distinction, growing the ad and sales team from four to over 4,000 employees, resulting in significant gains for Google.
Mark Zuckerberg was portrayed with an image of a great woman, and he immediately recognized that he needed her on his team.
She was then hired as Facebook’s Chief Operating Officer. A position Mark wasn’t looking to fill nor did it even exist.
In short, Zuckerberg did not conduct a formal search for a Chief Operating Officer (COO), he saw Sandberg as a “great match” for the position. The position was created for her because Mark believed in her much.
Sandberg promptly got to work on figuring out how to make Facebook profitable after joining the company.
The company was “mainly engaged in establishing a really fascinating site; revenues, they felt, would follow” before she joined, and as a result, they have no immediate plan or strategy for monetizing Facebook.
According to the preceding notion, Sandberg was primarily concerned with making Facebook profitable, whereas Mark and his team were solely concerned with creating an attractive website.
And it was successful!
How She Made Money for Facebook and for Herself
Sandberg swiftly started to work on finding a way to make Facebook profitable after joining the company.
Have you ever wondered how Facebook’s ‘advertising’ came to be?
Sandberg had devised the strategy. She turned the company around by focusing the site’s principal revenue stream on “discreet” advertisements.
The fact that every time I look for anything on Google, I start seeing adverts for it on Facebook still creeps me out.
Sheryl Sandberg deserves credit for this.
By 2010, Facebook’s administration had heeded Sandberg’s idea, and “the ads discretely” had been introduced, a move that had made Facebook profitable.
Later on, Facebook announced that she is in charge of the company’s business operations, including sales, marketing, business development, human resources, public policy, and communications.
She entered Facebook’s board of directors as the eighth (and first female) member in 2012.
In her time at Facebook, she was awarded about 42 million shares of the company.
Sheryl Sandberg’s Road to Billionairedom
She had roughly 42 million shares in Facebook at the time of its IPO; but following multiple rounds of sales worth nearly $1 billion, she was left holding around 17.2 million shares, or a 0.5 percent interest in the company.
The proceeds from the initial public offering were her first step toward becoming a working billionaire.
Her net worth is estimated to be 1.6 billion dollars, based on her stock and investment holdings.
She sold part of her shares but still owns 17.2 million, giving her a 0.5 percent stake in the corporation.
And the road map is straightforward. Sheryl Sandberg is a billionaire and a lifetime employee.
It is conceivable. She just found a young man with a novel idea that had yet to be monetized, and then, success poured in.
