During his time as owner of Facebook, Instagram, and WhatsApp, Nick Clegg reportedly made around $19 million from the sale of Meta shares. Filings show that before stepping down as president of Global Affairs and Communications, Clegg had sold shares worth $18.4 million.
Although his total salary at Meta has not been disclosed, he still owns approximately 39,000 shares of the company, valued at around $21 million at current prices. Joel Kaplan will succeed him as deputy, known for his conservative views and previous role in the George W. Bush administration.
Speculation surrounds Clegg’s next move after leaving Meta, with potential for a return to politics. He is considering opportunities in artificial intelligence, having criticized Rishi Sunak’s approach to AI regulation and aligning more with Tony Blair’s optimistic views on the technology’s potential.
Open to work opportunities in both public and private sectors, Clegg aims to return to London and remain in Europe in 2022. His wife, Miriam, has her own political ambitions and recently established a think tank in Spain.
Knighted in 2018 for his public service, Clegg faced criticism for joining Facebook later that year. Despite his previous advocacy against Brexit, Clegg’s tenure at Meta saw success amidst challenges of fake news and data protection.
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In his Facebook post, Clegg reflects on his time at Meta, expressing pride in his work and the innovative approach he brought to the role. Despite his past political achievements and setbacks, Clegg remains optimistic about the future.
Looking ahead, Clegg’s next steps are uncertain, with possibilities in various sectors on the horizon. His departure from Meta marks a new chapter in his career, leaving a legacy of experience and impact in the digital landscape.
Source: www.theguardian.com
