|Celebrity Name:||Jack Dorsey|
|Real Name:||Jack Patrick Dorsey|
|Age:||45 years old|
|Date Of Birth:||19 November, 1976|
|Birth Place:||St. Louis, Missouri, United States|
|Profession:||Investor, Internet Entrepreneur, Philanthropist,|
|Net Worth in 2023:||$16 Billion|
Jack Dorsey Net Worth
Jack Dorsey is an American web developer, entrepreneur, philanthropist, and investor. He is the co-founder and co-creator of Twitter and Square. He is known for being the CEO of Twitter.
Jack Dorsey net worth is $16 billion.
Most of his net worth comes from his stake in the financial payments company Square. He owns around 2% shares of Twitter and 43 million shares of Square. He is one of the most popular entrepreneurs in the social media industry.
Jack Patrick Dorsey was born in St. Louis, Missouri, on 19 November 1976, to Tim Dorsey and Marcia. His father was an employee at a company that develops spectrometers and his mother was a homemaker. He attended Bishop DuBourg High School.
At the age of 17, he hacked the website of New York City’s largest taxi dispatch company. He emailed the CEO and offered to repair the website. He was offered a job at that company in New York City, where he studied at New York University.
In early 2000 he started dispatching couriers, taxis, emergencies, and services from a web company in Oakland. In 2006, Noah Glass, Jack Dorsey, and Evan William held a meeting for Odeo to launch a new messaging app. They built a prototype called “Project twttr”. Instead of incorporating Twitter into Odeo, Evan took a controversial step and decided to launch Twitter as a separate new company. When Twitter was launched it was criticized by many people, it also suffered from service outages. But when celebrities and so began tweeting, it became a powerful platform. It was also used by US President Barack Obama and John McCain to update their supporters while on the campaign trail. In 2006 he became the CEO of Twitter but in 2008, he was replaced by Evan Williams. In 2015 he became CEO of Twitter, and in 2021 he was replaced by Parag Agrawal.
In 2009, Jack invested in social networking company Foursquare and launched a new venture Square, mobile payment and financial service company. He co-founded Square in 2009. In 2012, at the age of 35, he was named Innovator of the Year. In 2015, Square went public and on its first day of trading, it had a market cap of $3 billion. In 2021, Square market cap crossed $100 billion. Jack Dorsey owns more than 24.4% shares of the company’s shares.
In 2016, his Twitter account with 3.9 million followers was suspended due to some internal technical issues but it was restored within 24 hours.
In 2013, he joined the board of directors of the Walt Disney Company.
He has donated his 60 million shares of Square, which is worth approx $1 billion.
Also read: Larry Ellison Net Worth
Awards and Achievements
In 2008 he was named one of the top 35 innovators in the world under the age of 35, by MIT Technology Review TR35
In 2012, he was named Innovator of the Year by the Wall Street Journal. At the Annual Crunchies Awards, he was named Founder of the Year.
In 2013 he was considered the most Eligible Bachelor, by Forbes.
From 2016-17 she was among the worst CEOs in the world.
Jack Dorsey is dating Kate Green. He stays in Sea Cliff, a neighborhood of San Francisco.
In 2019 he was part of the Democratic 2020 presidential campaign of Tulsi Gabbard’s Andrew Yang. Jack Dorsey walks roughly five hours to work every day
Jack Dorsey net worth is $16 billion, out of which $15 billion is from his holdings in Square.
He currently lives in a home that he bought for $10 million, in 2012, in San Francisco. In 2017 he bought his neighbor’s house for $22 million. In 2018 he bought a home in the Hollywood Hills of Los Angeles for $4.22 million and after one year sold it for $5.2 million.
Twitter is one of the most used social media platforms in the world and square is one of the most used payment gateways in the world.