David Sacks Net Worth 2024, Salary, Age, Bio, and Relationship!
As of 2024, David Sacks has an estimated net worth of around $250 billion.
David Sacks is a well-known entrepreneur and investor in the tech industry. With a background in business and law, he co-founded several successful companies, including Yammer, which was acquired by Microsoft.
Sacks also played a key role at PayPal, where he served as Chief Operating Officer. His experience in building startups and investing in new ventures has made him a prominent figure in Silicon Valley.
David Sacks Wiki Biography
| Category | Details |
|---|---|
| Name | David Sacks |
| Date of Birth | May 25, 1972 |
| Place of Birth | Cape Town, South Africa |
| Education | – Bachelor’s in Economics from Stanford University – Doctor of Law degree from the University of Chicago Law School |
| Estimated Net Worth | Estimated $250 million |
| Career Highlights | – First Chief Operating Officer (COO) at PayPal – Co-founder of Yammer, sold to Microsoft in 2012 |
Early Life and Family Background
David O. Sacks was born on May 25, 1972, in Cape Town, South Africa. When he was young, his family moved to Tennessee in the United States. This move marked a significant change in his life and helped shape his future.
Education
Sacks valued education highly. He graduated with a degree in Economics from Stanford University. Later, he earned a Doctor of Law degree from the University of Chicago Law School. His strong educational background laid the foundation for his successful career as an entrepreneur and investor in technology.
These early experiences played a key role in developing Sacks’ skills and interests which later contributed to his achievements in the tech industry.
Career and Business Ventures
David Sacks began his career as a management consultant at McKinsey & Company. In 1999, he joined Peter Thiel at PayPal, serving as the company’s first Chief Operating Officer (COO).
At PayPal, Sacks oversaw key departments including product development and customer support. His leadership played a significant role in the company’s rapid growth. PayPal was sold to eBay for $1.5 billion in 2002, greatly enhancing Sacks’ financial standing.
After PayPal, Sacks co-founded Yammer in 2008. Yammer became a popular platform for business communication and collaboration among companies.
In 2012, Microsoft acquired Yammer for approximately $1.2 billion. This acquisition further solidified David Sacks’ reputation as a successful entrepreneur in Silicon Valley.
Sacks also invested in various startups and technology firms over the years, contributing to his diverse portfolio. His work with these companies has significantly shaped trends within the tech industry and influenced many entrepreneurs.
These experiences highlight David Sacks’ impact on technology and business through innovative ideas and strong leadership skills.
David Sacks Net Worth and Earning Sources
As of 2024, David Sacks’ net worth is around $250 million.
PayPal
David Sacks served as the first Chief Operating Officer (COO) at PayPal. The company was sold to eBay for $1.5 billion in 2002. This sale significantly boosted his wealth and provided valuable connections in the tech industry.
Yammer
In 2008, Sacks founded Yammer, a platform aimed at improving business communication. Microsoft acquired Yammer for approximately $1.2 billion in 2012. This major sale contributed greatly to his overall net worth.
Craft Ventures
Sacks co-founded Craft Ventures in 2017, a venture capital firm managing assets close to $3.3 billion. This venture adds another layer to his earnings and influence within the tech space.
These earning sources highlight David Sacks’ role as an influential figure in technology and entrepreneurship through significant achievements across various platforms.
David Sacks Age, Weight, and Height
David O. Sacks was born on May 25, 1972. This makes him 52 years old in 2024.
Information about David Sacks’ weight and height is not available to the public. Personal details like these are often not shared in financial reports or public sources.
David Sacks Wife and Relationship
David Sacks is married to Jacqueline Tortorice. The couple lives in San Francisco, California, with their three children. They participate in various business and social activities, often seen supporting causes that matter to them.
Jacqueline Tortorice, an entrepreneur herself, shares a strong partnership with Sacks. Together, they engage in community efforts and initiatives that reflect their values. Their family life emphasizes a balance between work and personal commitments.
Sacks’ relationship with his spouse plays a vital role in his life outside of the tech industry. The couple’s support for each other contributes to their individual and joint successes.
Conclusion
David Sacks’ journey in the tech industry showcases not just his entrepreneurial spirit but also his ability to innovate and lead.
With a net worth that reflects his successes and influence, he remains a key figure in Silicon Valley. His ventures, from PayPal to Yammer, highlight how strategic thinking and execution can yield substantial financial rewards.
Beyond wealth, Sacks embodies the importance of education and personal relationships in achieving professional success. His partnership with Jacqueline Tortorice exemplifies how support systems contribute to one’s accomplishments.
Frequently Asked Questions
What is David Sacks’ estimated net worth as of early 2024?
As of 2024, David Sacks’ estimated net worth is around $250 million.
What companies did David Sacks co-found?
David Sacks co-founded Yammer in 2008 and played a significant role as the Chief Operating Officer at PayPal, which was sold to eBay for $1.5 billion in 2002.
Where did David Sacks receive his education?
Sacks earned his Bachelor’s degree in Economics from Stanford University and a Doctor of Law degree from the University of Chicago Law School.
When was David Sacks born?
David Sacks was born on May 25, 1972, in Cape Town, South Africa, before relocating to Tennessee in the United States.
How many children does David Sacks have?
David Sacks has three children with his wife, Jacqueline Tortorice. The family resides in San Francisco and engages actively in various social activities.
What venture capital firm did David Sacks co-found?
In 2017, David Sacks co-founded Craft Ventures, a venture capital firm that manages assets close to $3.3 billion and invests in technology startups.
What role did he play at PayPal?
As the first Chief Operating Officer at PayPal, David Sacks oversaw multiple departments crucial for the company’s rapid growth leading up to its sale to eBay.
Is information about David Sacks’ personal life available?
While details like weight and height are not publicly shared, it is known that he is married to Jacqueline Tortorice and values family support alongside his professional achievements.