David Sacks Net Worth 2024, Salary, Career, Bio & More
David Sacks’s net worth is estimated to be more than $1.7 billion. He was the first chief operating officer of PayPal, which was sold to eBay in 2002 for $1.5 million. His introduction continues further. David O. Sacks founded Geni.com, and Yammer was sold to Microsoft for $1.5 billion. He co-founded Craft Ventures in 2017 and co-hosts the podcast All-In, which focuses on tech, the economy, politics, and business startups.
David Sacks Net Worth 2024 and Biography
David Sacks net worth is the result of his tech-savvy nature, which enabled him to become rich. Let’s learn about his age, family, name, and more about him in the given biography table:
| Real Name | David Oliver Sacks |
| NET WORTH | $1.7 BILLION |
| Age | 52 |
| Date of Birth | May 25, 1972 |
| Height | 6’1” (185.4 cm) |
| Weight | 70 kg |
| Religion | Jewish |
| Nationality | South African-American |
| Hometown | San Francisco, California |
| Education | Graduation in Economics,Doctor of Law Degree |
| University | Stanford University and the University of Chicago Law School |
| Profession | Entrepreneur, Author, and tech investor |
| Ethnicity | Jewish |
| Siblings | Tom Cumming (Brother) |
| Wife | Jacqueline Tortorice |
| Children | Two Daughters & One Son |
| Zodiac Sign | Gemini |
What are David Sacks’s Income Sources?
David Sacks built an impressive net worth of over $1700 million from various sources. He is a tech investor and entrepreneur, including co-founder of Yammer, COO of PayPal, and investor in leading companies such as Airbnb, SpaceX, Uber, etc. He earned his wealth by selling Yammer to Microsoft and PayPal to eBay, but his net worth growth did not stop due to his unlimited tech investments.
He is also a player in cryptocurrency and invests in crypto-related companies and projects. His income sources are wider than them. Instead, he generates income from a podcast and real estate. David’s income sources and the revenue generated per annum are given in the table:
| Income Sources | Revenue per Annum |
|---|---|
| Craft Ventures | $10M – $50M |
| Investments | $20M – $100M |
| Entrepreneurship | $10M – $60M |
| Podcasting | $$1M – $10M |
| Real Estate | $50M – $150M |
David Sacks Net Worth and Salary from 2018-2024
David Sacks Net Worth from 2018-2024 is listed below:
| YEAR | NET WORTH |
|---|---|
| David Sacks Net Worth 2018 | $0.5 Billion |
| David Sacks Net Worth 2019 | $0.5 Billion |
| David Sacks Net Worth 2020 | $0.6 Billion |
| David Sacks Net Worth 2021 | $0.7 Billion |
| David SacksNet Worth 2022 | $0.9 Billion |
| David Sacks Net Worth 2023 | $1.2 Billion |
| David Sacks Net Worth 2024 | $1.7 Billion |
Note: The actual and exact figures may vary.
David Sacks Career Milestones
David’s career highlights are:
1. Early Career
After graduating from Stanford University, David Sacks joined McKinsey & Company as a management consultant. He learned business strategies and operations from this job.
Little Known
During the COVID-19 pandemic, David Sacks lost his father, which affected him deeply. The pandemic affected him personally beyond the global crisis. He shared a heartfelt note for his beloved father on social media.
2. PayPal
In 1999, Sacks joined Confinity, which later became PayPal. He grew the company’s revenue from zero to $240 million per year and served as its COO. The company was sold to eBay in 2002 for $1.5 Billion. Sacks shaped PayPal’s growth strategies, which became a valuable asset in his success.
3. Entrepreneurial Ventures
In 2006, Sacks founded Geni.com as his first significant endeavor after PayPal for social networking. Sacks founded Yammer in 2008 as a social networking service. Social Capital reported that Yammer grew under David’s leadership and became one of the fastest-growing SaaS companies. However, in 2012, Yammer was sold for $1.2 billion to Microsoft.
4. Venture Capital and Investment
David Sacks co-founded Craft Ventures, a venture capital firm for early-stage tech startups, in 2017. Through Craft Ventures, Sacks invested in 20 different high-growth companies, such as Airbnb, Houzz, Uber, Wish, Eventbrite, Affirm, Twitter, ClickUp, SpaceX, Facebook, Slack, Lyft, OpenDoor, Bird, Palantir, and Scribd. His investment insights reflect his interest and acumen for innovative technologies.
5. Media and Public Presence
Sacks’ career is not limited to technology companies and entrepreneurship. Instead, he is a co-host of the “All In” podcast. In his podcast, he shares his technology insights, issues related to business, technology, and other social issues with other tech investors.
David Sacks is a prominent figure in Silicon Valley. He shares his opinions and insights on different topics and participates in public speaking and thought leadership conferences and events.
6. Recent Ventures
Recently, Sacks served as the CEO of Zenefits (the HR SaaS platform) and stabilized the company with his leadership skills. Moreover, Sacks co-founded a workspace chat company named Glue in 2021. He showcased his commitment to innovation and entrepreneurship in the tech industry.
David Sacks is a prominent figure in the tech industry. Throughout his career, he has achieved milestones in successful ventures. Moreover, his strategic investments are the major reason for his huge net worth.
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David Sacks Awards and Recognitions
David Sacks was nominated for two Golden Globes and earned various awards and recognitions due to his contributions to the tech industry, which are:
- Workforce Management Game Changers Award
In 2011, this award was honored to David Sacks for his innovative contributions to workforce management.
- San Francisco Business Times Bay Area’s Most Admired CEOs
This award was given to David in 2011 for his leadership abilities and contributions in various companies.
- San Francisco Business Times 40 Under 40
He was awarded this award in 2012 for his endless contributions to tech industries as a young entrepreneur.
David Sacks Films as a Producer
David Sacks has not limited his success and career to tech innovations; he has also stepped into the film industry as a producer. His famous movies are:
- “Thank You for Smoking”
In 2005, he produced this satirical comedy movie based on a novel by Christopher Buckley. The film gained positive reviews and highlighted the life of a tobacco industry lobbyist who promotes smoking but remains a role model for his son.
- “Dalíland”
In 2023, David planned this film, which shows his interest in the film industry beyond technology and entrepreneurship.
Lesser Known Fact of David Sacks
A lesser-known fact about David Sacks is his interest in cultural and political issues. On these issues, he co-authored a book with Peter Thiel in 1995. This book, “The Diversity Myth: Multiculturalism and Political Intolerance on Campus,” highlights multicultural policies in universities. It sheds light on these policies and how they suppress individual personality and reduce intellectual diversity.
Insights into David Sacks’s Bio and Personal Life
Let’s have some personal insights into David Olivier Sacks’s life.
David Sacks Education
David O. Sacks was born in Cape Town, and later, his family moved to the US. He pursued his graduation in Economics from Standford University. After graduating, he earned a Juris Doctor (J.D.) degree from the University of Chicago Law School. His educational background provided him a solid foundation to start his career in venture capital, entrepreneurship, and technology.
David Sacks Family
Sacks grew up in Memphis after moving from South Africa. His parents have always been emotionally and physically available throughout his entire life, making him a successful entrepreneur and investor. Though not much is known about his family, David’s father, Samuel Sacks, was an endocrinologist, and his mother, Muriel Elsie Landau, was a female surgeon. David’s grandad owned a candy factory, which inspired him to grow well in his investments as well.
David Sacks Girlfriend, Wife
David Sacks has been married to Jacqueline Tortorice since 2007. His wife is also a tech entrepreneur and a supportive partner to David. They have three kids together: two daughters and one son. Their children’s names are not known, and David keeps the personal privacy of his family life.
David Sacks Social Media
- YouTube: @allin
- Twitter: DavidSacks
- LinkedIn: davidoliversacks
David O. Sacks Quotes
After PayPal, I never thought I would get interested in payments again. But Bitcoin is fulfilling PayPal’s original vision to create a new world currency.
Money is being made programmable. That’s a fundamental change with implications we can still barely see.
Finding the outliers, the things that don’t neatly fit into the patterns, is another form of feedback.
The big development since the emergence of bitcoin itself is that the underlying enabling technology, the blockchain, has been turned into a developer platform.
In its purest form, currency is confidence.
Zenefits has made mistakes, but it never lost its product-market fit.
The hierarchy of startup skills is in ascending order: business, technical, product or design, and growth.
Scalability has been a high-class problem that occurs because a new technology gains rapid adoption.
What you want to do as a manager is focus on the activities that are the highest leverage.
Usually, the resource that is most important, that is most limited, is not money but time. That’s usually the biggest constraint that we have.
FAQs about David Sacks Net Worth
Here are some frequently asked questions of David Sacks Net Worth:
Q1: What is young David Sacks’ estimated net worth?
Ans: As of 2024, David Oliver Sacks net worth is approximately $1.7 billion.
Q2: What is David Sacks known for?
Ans: David Sacks is a renowned tech entrepreneur, investor, and co-founder of Craft Ventures. He also served as the former COO of PayPal and CEO of Yammer.
Q3: Who is David Sacks married to?
Ans: David Sacks is married to Jacqueline Tortorice.
Q4: What is David Sacks height?
Ans: David Sacks height is 6 feet 1 inches.
Q5: What is Jacqueline Tortoise age?
Ans: Jacqueline Tortoise is 51 years old.
Q6: Where does David Sacks live?
Ans: David Sacks lives with his wife and three children in San Francisco, California.
Q7: What are some of David Sacks’ notable investments?
Ans: Sacks has invested significantly in companies such as Addepar, Airbnb, Facebook, SpaceX, Slack, Uber, etc.
Q8: What is David Sacks’ educational background?
Ans: David Sacks holds a Bachelor of Arts in Economics from Stanford University and a Juris Doctor from the University of Chicago Law School.
Conclusion
David O. Sacks net worth is the result of his technology insights, investments, and entrepreneurial abilities. He does not keep his knowledge to himself; rather, he shares his wisdom in his podcast as well. He is the idol of young entrepreneurs and technology startups.
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