David Sacks Net Worth

David Sacks is a very successful person in the tech world, with a lot of money worth about $1.5 billion. He used to help run a company called PayPal and was the boss of another company named Yammer. He also helped start Craft Ventures, which gives money to help new companies grow, like ClickUp, OpenPhone, and Sourcegraph. David also talks on a podcast named “All-In,” discussing technology, business, and the economy.

David made his money by choosing which companies to help and invest in. Before he became famous, he was a management consultant and helped start several successful tech companies. He invested in well-known companies like SpaceX, Facebook, and Uber. Now, at 51 years old, David is still making a significant technological impact with his experience and ideas.

Biography

David Sacks is a notable figure in the technology world. He was born in South Africa but moved to the USA, where he attended Stanford University. He studied economics and computer science. He started working at McKinsey & Company and became important at PayPal, a company that eBay bought for $1.5 billion. He helped start a website called Geni.com and was also part of Yammer, a company that Microsoft bought for $1.2 billion in 2012. David even worked on a movie, “Thank You for Smoking,” that won a Golden Globe award.

Name	David Oliver Sacks
Nationality	American
Date of Birth	February 12, 1972
Education	Stanford University
Birthplace	Cape Town, South Africa
Age	52 years
Net Worth	$250 million

David is married to Jacqueline Tortorice, and they have three kids. He’s still involved in technology, investing in new companies that work with blockchain and other cool stuff. His work has made him a big deal in the tech and investing.

Early Life and Family

David Sacks was born on May 25, 1972, in Cape Town, South Africa. When he was five, his family moved to Tennessee, USA. His father was a doctor, and his grandfather owned a candy factory, which inspired Sacks’ interest in business. He studied economics at Stanford University and later got a law degree from the University of Chicago but chose to work in tech instead.

David is now a successful entrepreneur and investor. He is married to Jacqueline Tortorice, and they have three children. They live in San Francisco and keep their personal lives private while supporting various community and charitable causes. Sacks co-founded Craft Ventures and wrote a book called “The Startup Owner’s Manual.” His early experiences and education played a significant role in his career success.

Father	Samuel Sacks
Mother	Muriel Elsie Landau
Wife	Jacqueline Tortorice

David Sacks: Net Worth

David Sacks has a net worth of about $250 million. He amassed his wealth through his early work with PayPal, which eBay acquired, and through investments in cryptocurrencies and blockchain startups. Additionally, he has invested in major companies such as Facebook, Uber, and SpaceX. He is also a co-founder of Craft Ventures, supporting new tech companies. Sacks is a significant figure in the tech industry, and his net worth may exceed $300 million shortly. His astute investments and work with startups continue to have a substantial impact on technology.

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David Sacks: Career

David Sacks has had a significant impact on the tech world. He first gained fame as a co-founder of PayPal, revolutionizing online transactions. After PayPal, he started Yammer, a company that transformed internal corporate communication and sold it for $1.2 billion. Sacks also got involved early in cryptocurrency, investing in blockchain startups and backing other successful companies. His career reflects a combination of innovation and intelligent investment choices.

Sacks is known for spotting new opportunities and making smart investments. He co-founded Craft Ventures and Social+Capital, focusing on high-growth startups. He believes in spreading investments across different areas and buying undervalued stocks to make the most profit. His work with PayPal, Yammer, and other ventures has significantly increased his wealth and established him as a leading figure in technology and investment.

David Sacks: Tech Pioneer and Investor

PayPal

In 1999 David Sacks joined Peter Thiel at PayPal as the company’s first COO. His leadership helped PayPal become a significant success in online payments. PayPal’s innovative approach to online transactions led to its acquisition by eBay for $1.5 billion in 2002. Sacks’ contributions were crucial in growing the company’s annual revenue to over $200 million within three years.

Zenefits

In December 2014, Sacks invested in Zenefits and became interim CEO in 2016 during a regulatory crisis. He helped stabilize the company and introduced the Z2 HR SaaS product, which was well-received but faced financial challenges. Sacks’ tenure as CEO lasted ten months before Jay Fulcher succeeded him.

Craft Ventures

Sacks co-founded Craft Ventures in late 2017 with an initial fund of $350 million. By 2021, Craft Ventures had raised $1.1 billion, bringing its total assets under management to $2 billion. The firm invests in early-stage SaaS startups and has a portfolio that includes companies like Bird, BitGo, ClickUp, Pipe, Reddit, SourceGraph, and SpaceX.

Yammer

In 2008, Sacks founded Yammer, an enterprise social networking platform similar to Slack. Yammer quickly gained traction, winning TechCrunch50 and becoming one of the fastest-growing SaaS tools. Microsoft acquired Yammer for $1.2 billion in 2012, marking one of the fastest billion-dollar SaaS exits. Sacks also founded Geni.com in 2006, which was acquired by MyHeritage in 2012.

Angel Investments

Over two decades of experience, Sacks has made numerous angel investments in successful tech ventures such as Addepar, Affirm, Airbnb, and SpaceX. His investment portfolio reflects his ability to identify and support promising startups.

Film Production

Sacks also ventured into film production with Room 9 Entertainment. His notable productions include the critically acclaimed film “Thank You for Smoking” and the 2023 film “Dalíland,” showcasing his diverse talents beyond technology.

David Sacks: Luxuries and Assets

Cars  

David Sacks is passionate about cars, boasting a collection that includes a Ferrari 488, a Porsche 911, and a Tesla Model S.

Private Jet

Sacks owns a Gulfstream G550 private jet known for its speed and long-range capability. The jet can accommodate about 19 passengers, travel up to 6,750 nautical miles, and operate at Mach 0.85. It features luxurious amenities like a bed, shower, and advanced entertainment system, making it ideal for work and leisure.

Yacht

In 2011, Sacks purchased a yacht for $12 million, which he sold in 2022 for $10 million. The yacht, renamed “Milk Money,” is now jointly owned by multiple individuals in Florida.

Real Estate Holdings 

Sacks’ asset portfolio includes significant investments in properties in prestigious locations. His investments in luxury homes and commercial properties reflect a strategic approach to long-term wealth accumulation.

Additional Details 

Sacks’ private jet and yacht showcase his preference for high-end travel and leisure, emphasizing his success and status in the business world.

Achievements

David Sacks has won some big awards for his work in business. In 2012, he was listed among the “40 Under 40” by the San Francisco Business Times, which means he was among 40 successful people under 40 years old recognized for doing great things.

In 2011, the same magazine said he was one of the “Bay Area’s Most Admired CEOs,” showing that other leaders respect him. That year, he also received the “Game Changer Award” from Workforce Management for having calm and new ideas about leading teams.

David Sacks has worked in technology, media, and charity, showing he’s not just about business; he cares about positively impacting the world.

Social Profiles

David Sacks has moved into the world of social media and making podcasts, where he uses cool new ways to talk to people who listen to him. He started an app called Callin, which lets people do live podcasts with which listeners can interact. Sacks also uses Twitter to talk about business stuff and his thoughts.

Instagram	Profile Id
Twitter	ID
Wikipedia	Link
LinkdIn	Account

Besides, he’s part of a popular podcast called All-In with his friends, where they chat about tech, money matters, and new businesses. This show is enormous, with over 300,000 people signed up to listen and around 100,000 people tuning in every month.

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