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Sheryl Sandberg sold $1.7 billion worth of Facebook stock over the last decade

Sheryl Sandberg announced Wednesday that she is stepping down from her role as chief operating officer after 14 years at Meta, formerly known as Facebook. Sandberg’s wealth totals an estimated $1.6 billion, according to Forbes, making her the second wealthiest woman in tech after Meg Whitman. Over the past decade, Sandberg has sold over 75% of her after-tax shares through regularly scheduled share sale programs. She still owns nearly 1.5 million shares, with a current market value of about $290 million, in a revocable trust. She also has 333,642 shares of unvested restricted stock, some of which may vest before she leaves. In 2013 she moved into a newly built, 9,200-square-foot home in Menlo Park, California, . . .

Read more at www.cnbc.com