Hello friends! Today we are going to talk about David Sacks net worth in this article. His full name is David O’Shacks; he is an entrepreneur, businessman, and investor. He was born on May 25, 1972, in South America. David Sachs has been involved in one of the most successful American businesses for the last decade. He first rose to prominence when he joined PayPal in 1999, and during this time, he developed a relationship with the company’s co-founder, Peter Thiel, and became a member of the PayPal mafia. David Sacks would work with many people who would eventually become billionaires.
David Sacks left the business after eBay acquired it in 2002, and Wow has since gone on to have a very successful independent business career. He created several companies for his owner, including Geni.com and Yammer, both of which were bought by larger organizations.
If you want to know about David Sacks Net Worth, family, education, biography, life, and more, you must read this article until the end.
David Sacks Net Worth
David Sacks has a net worth of $150 million. He is a renowned American entrepreneur, investor, and software executive known for his knowledge of business, technology, and investing. David Sacks. My first success was becoming the CEO of Yammer, a well-liked social networking site that Microsoft bought.
Not only this, but David Sacks was also a part of the PayPal Mafia group, which, together with other executives, conceptualized and launched PayPal. Apart from being a successful businessman, he is also actively involved in podcasting and hosts his own show, All-In Podcast. With the steady and massive growth that they have achieved, it is safe to say that people are eager to know a lot more about them.
|Net Worth (2023)||$150 million|
|Profession||Entrepreneurship, Business, and Investing|
|Contributors||PayPal Mafia, Yammer, Craft Ventures, and Founder of Geni.com|
|Monthly Income And Salary||N/A|
|Yearly Income And Salary||N/A|
Read also:- Manny Khoshbin Net Worth: Biography & Education
David Sacks Net Worth Growth
|Net Worth in 2023||$150 million|
|Net Worth in 2022||N/A|
|Net Worth in 2021||N/A|
|Net Worth in 2020||N/A|
|Net Worth in 2019||N/A|
David Sacks Biography
As we know David Sacks is an Entrepreneur, businessman, and investor, He was born on May 25, 1972, in South America. However, after 5 years of his birth, he moved to America with his family and settled in Tennessee.
But some reports suggest that his father was an endocrinologist. But what attracted David Sacks to one was the fact that his grandfather owned a candy factory. He learned more about the factory from his parents since it was founded in the 1920s.
David Sacks earned a degree in economics from Stanford University. He completed his law degree after four years.
|Real Name/Full Name||David O. Sacks|
|Nick Name:||Mario Lopez|
|Date Of Birth/Birthday:||May 25, 1972|
|Age/How Old:||51 years old|
|Birth Place:||South Africa|
|Education||Standard University (BA in Economics, 1994)|
|Institution||Memphis University School, Standard, University of Chicago School of Law|
|Parents Name:||Father: N/AMother: N/A|
|Wife/Spouse Name:||Jacqueline Tortorice|
|Number of children||3|
|Profession:||Entrepreneurship, Business and Investing|
|Net Worth:||$150 million|
David Sacks Family
When talking about David Sacks’ family, he has not disclosed any information about his parents. David Sacks is married to Jacqueline Tortoris, and they have teenage children. Has two daughters and one son.
David Sacks Contributors
Sachs’ professional career began in 1999 when he was working as a management consultant for McKinsey & Company. David Sacks eventually became the company’s chief executive officer, overseeing 700 employees. PayPal saw massive expansion during his tenure. He was also present at the company during its initial public offering, and David Sacks became very wealthy after the IPO and its sale.
He continued his business entrepreneurship in 2006 by founding Geni.com and working closely with people on the Geni.com website and with family members offline to create three groups with a variety of genealogical companies then After 2012 MyHeritage Geni.com will acquire MyHeritage Geni.com for a $25 million buyout and more.
Yammer would be one of Sacks’ biggest commercial successes, and the website was presented as a secure social network given the internal source of communication in any company. This would be his first venture into the software-as-a-service sector and would be very successful, with eight million people joining this software-as-a-service firm within a few years. Microsoft bought Yammer in 2012 for $1.02. From which you get a good profit.
David Sacks co-founded the angel investment firm Craft Ventures in 2017. He started the business with a massive $350 million in creativity, then grew it to $1.1 million in 2021. During this time, he invested in successful companies.
David Sacks Career
After graduation, David joined McKinsey & Company to work, but soon he left McKinsey & Company to start working for PayPal. He was a product leader at PayPal when David Sacks promoted him to COO a few years later.
After the PayPal company was purchased by eBay in 2002, David Sacks, who was one of the founding members of the company, was dubbed the “PayPal Mafia” along with some other prominent members, and shortly thereafter, David was removed from PayPal sales. Retired. He used his share of the money received to start a production company called Room 9 Entertainment. Then he also launched a social media platform called Yammer in 2008, which he later sold to Yahoo.
Over the years, David Sacks has worked as an angel investor, identifying and investing in promising companies. In addition to standard investments, David has invested in crypto, and currently, he is working on building Craft Ventures. David is also the host of the McKinsey podcast All-in-One.
David Sacks Education
Talking about his educational qualifications, David Sachs earned a degree in economics from Stanford University. He completed his law degree after four years at the University of Chicago School of Law.
How much is David Sacks’ net worth?
David Sacks has a net worth of $150 million.
Is David Sacks Married?
Yes, David Sacks is married to Jacqueline Tortoris.
Is David Sacks a Lawyer?
David Sacks was a partner with two major Washington law firms. Mr. David Sacks also previously served as co-editor of The Tax Lawyer’s publication “Points to Remember” for the American Bar Association, Section of Taxation. He was also an assistant professor of corporate law at Georgetown University Law Center.
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