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Mark Lennihan via Press Association Images

Facebook boss Sheryl Sandberg is now one of the world's youngest billionaires

Sheryl Sandberg will attend the World Economic Forum this week.

SHERYL SANDBERG IS officially one of the youngest billionaires in the world.

Her fortune surpassed $1 billion yesterday after Facebook closed at a record $58.51 in New York, Bloomberg TV reports.

The chief operating officer at Facebook owns about 12.3 million shares at the company. Her stake is valued at about $750 million.

According to the Bloomberg Billionaires Index, the 44-year-old is one of the youngest female billionaires in the world.

David Kirkpatrick, author of ‘The Facebook Effect’, says she was “brought in to figure out how to make money” and that it’s “proving to be one of the greatest stories in business history”.

Sandberg has written her own best selling book ‘Lean In’.  She is also a donor to President Barack Obama and sits on the board of Walt Disney Co.

Kirkpatrick added that:

“She went to Google, moved on to go to Facebook, went to write a book, and she’ll know when to run for political office, and probably win that office.

Meanwhile, Sandberg will be attending the World Economic Forum’s annual meeting this week in Davos, where Taoiseach Enda Kenny is also a delegate.

More than 2,500 other business and political leaders will also be there.

Source: Bloomberg

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38 Comments
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    Mute Conor Oneill
    Favourite Conor Oneill
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    Feb 7th 2012, 12:47 PM

    I prefer mars to snickers. The past history of either is not really that important

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    Mute Brian Ó Dálaigh
    Favourite Brian Ó Dálaigh
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    Feb 7th 2012, 3:04 PM

    A combination of factors Val. 4 billion years ago Mars was a much warmer place than today, as the planet had not cooled sufficiently since its formation. The interior of the planet at that time was similar to Earth’s today, i.e. a thin crust floating on a molten interior giving rise to volcanoes such as at Olympus Mons. The interior, as on Earth, is made primarily of iron, and in such instances where the core is molten, this iron creates a magnetic field (such as can be seen on Earth). The magnetic field protects the planet from solar radiation. This radiation breaks H2O molecules down into their respective parts – Oxygen and Hydrogen. With the cooling of the planet’s interior the magnetic field breaks down allowing the solar radiation in which then breaks down the H2O. The hydrogen is too light to remain on Mars’ surface (bear in mind Mars has only1/3 the gravity of Earth) and floats to the top of the atmosphere where, now that the magnetic field is gone, solar winds are allowed to tear the hydrogen away from the planet and carry it into space and ionising other particles which are also stripped away. As the atmosphere thins the planet cools even further. Any water that remains becomes locked in the rocks, any oxygen which remains ends up bound in CO2. The process is a relatively fast one. See this article from NASA on the process.

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    Mute Seán Ó Briain
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    Feb 7th 2012, 3:54 PM

    great comment

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    Mute Daniel Dudek
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    Feb 7th 2012, 1:05 PM

    Global warming ;)

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    Mute Val Kearney
    Favourite Val Kearney
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    Feb 7th 2012, 2:09 PM

    Deadly bit of news. Little bit disappointed by the artists image though. Surely Mars then wouldn’t have looked the same as now i.e. red and dusty, if it had an ocean would it? Surely it would have looked a little bit closer to our own planet. Raises serious questions about what happened there for an entire ocean to dry up also.

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    Mute John Little
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    Feb 7th 2012, 2:41 PM

    That would really depend on whether or not the ocean was there long enough for life to evolve. Our planet only looks like it does because of the plant life, if you look at the deserts you get an idea of how it would’ve looked if life didn’t happen. The only difference I’d put into the artists impression is a bit of cloud cover, maybe.

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    Mute Ian F.
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    Feb 7th 2012, 3:31 PM

    The view of the sky from the surface of Mars is blue, like Earth. NASA admitted that they touch those shots “for effect”.

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    Mute Eamon O Regan
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    Feb 7th 2012, 3:48 PM

    the sky is only blue at sunrise and sunset

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    Mute Brian Houlihan
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    Feb 7th 2012, 5:20 PM

    How I wish the human race could solve our problems here and explore inner and outer space together. The trillions spent on war could feed and clothe us all and used to expand our understanding of our home. The universe.

    It will never happen, but still.

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    Mute Alan Dunne
    Favourite Alan Dunne
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    Feb 7th 2012, 6:14 PM

    Who cares we should be looking after our own planet

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    Mute William Grogan
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    Feb 7th 2012, 6:27 PM

    Alan, we may need a new planet. Mars may become important in the same way as the USA was. Who says we must only live on one planet?

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    Mute Ian F.
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    Feb 7th 2012, 3:29 PM

    The fact that there was once water on Mars is old news. The mainstream news is only catching on now?

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    Mute Eamon O Regan
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    Feb 7th 2012, 3:49 PM

    Read the first 2 lines of the article please.

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    Mute Ultan Quirke
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    Feb 7th 2012, 3:53 PM

    It says that in the article, this is not news of water on the planet, it is news of the remnants of a particular ocean.

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    Mute Ian F.
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    Feb 7th 2012, 4:05 PM

    Ah crap, apologies folks. I read the article but the first couple of lines must have indeed escaped my attention! Whoops.

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