Clegg made more than $18m from the sale of shares in Meta over six years
The Guardian|January 04, 2025
Nick Clegg made more than $18m from the sale of shares in Meta during his six years at the owner of Facebook, Instagram and WhatsApp.
Mark Sweney Kiran Stacey
Clegg made more than $18m from the sale of shares in Meta over six years

Filings show the former UK deputy prime minister had sold $18.4m (£14.8m) worth of shares in the group before announcing on Thursday that he was leaving his role as its president for global affairs.

His total pay at Meta has not been disclosed but he still holds almost 39,000 of the company's shares, which are worth about $21m at their current price.

He will be replaced by his deputy, Joel Kaplan, who as a former deputy chief of staff for policy under the former president George W Bush is known to be the most prominent conservative voice at the company.

People close to the former Liberal Democrat leader insist that the decision to leave Meta was his own, though Kaplan had been long talked about as a possible successor should the Republicans win the White House.

Speculation is rife about what the 57-year-old may do next and whether he may countenance a return to politics. The Lib Dems won a record number of seats for the party at the general election last year.

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