David Sacks Net Worth 2023: How He Make His Fortune?
Biography of David Sacks
David Oliver Sacks was born in New York City in 1972. He studied computer science and economics at Stanford University. Sacks worked as a management consultant at McKinsey & Company after graduating from Stanford.
PayPal was started in 1999 by David Sacks, Elon Musk, Peter Thiel, Max Levchin, and Luke Nosek. PayPal was an online payments company that soon became one of the most successful dot-com startups. EBay purchased PayPal for $1.5 billion in 2002.
Following PayPal, Sacks co-founded Geni.com and participated in IPO of Yammer, a business social networking platform. Microsoft paid $1.2 billion for Yammer in 2012. Sacks also executive produced the Golden Globe-winning film “Thank You for Smoking.”
Craft Ventures, a venture capital business that invests in early-stage technology firms, was co-founded by Sacks in 2017. Uber, Airbnb, Bird, BitGo, ClickUp, Coinbase, Pipe, Reddit, SourceGraph, and SpaceX are among the firms in which Craft Ventures has invested.
He is also the co-founder and CEO of Zenefits, a business HR SaaS platform that he co-founded in 2013 and served as temporary CEO until 2016. He is also one of the co-founders of Social+Capital, an early-stage entrepreneurial fund.
David O. Sacks Net Worth
As of 2023, David Sacks’ estimated net worth is around $1.5 billion. This impressive figure has been amassed through various means, including entrepreneurship, investments, and other financial ventures.
|Net Worth in 2023||$1.5 Billion|
David Sacks Bio Quick Overview
|Full Name||David Oliver Sacks|
|Nick Name||David Sacks|
|Date of Birth||February 12, 1972|
|Age||51 years old (As of 2023)|
|Height||5 Feet 8 Inches|
|Birthplace||Cape Town, South Africa|
|Education||Stanford University (Bachelor of Arts in Economics, 1994)|
|Net Worth||$1.5- 2 Billion US|
|Profession||A Versatile Entrepreneur and Visionary Thinker,|
His Dynamic Role in Shaping the Tech Industry,
Successful Ventures Like PayPal and Yammer.
|Children||(3) Two Daughters & a Son.|
|Daughter||Isabelle & Georgia|
Who is Jacqueline Tortorice?
Jacqueline Tortorice, a notable public figure, has gather attention for her connection to David Sacks, the founder of Yammer.
She maintains active profiles across popular social media platforms, including Facebook, Instagram, and Twitter.
You can find information about her on people search websites like PeekYou, Radaris, and Spokeo.
Reportedly, she practices law as her profession.
Jacqueline has been married to David Sacks, Yammer’s founder, since 2007. Together, they have two daughters, Chloe and Kelly, as well as a son named Andrew. The couple currently resides in Chicago.
David Sacks Family and Personnel Information
Meet the Sacks family! David Sacks, a prosperous entrepreneur and investor, is happily married to Jacqueline Tortorice. They’ve got three awesome kids and call San Francisco, California, home.
Jacqueline is a house wife mom from the Big Apple, New York City.
Their firstborn daughter Isabelle, arrived in 2009.
In 2011, they welcomed Georgia, their second daughter.
The youngest, Henry, (Son) joined the family in 2014.
David wears multiple hats; he co-founded and is a partner at Craft Ventures, a cool venture capital firm. He’s also an author with a book titled “The Startup Owner’s Manual.”
Privacy is their thing. The Sacks family keeps their personal lives low-key, but they’re active in their community and lend a hand to various charitable causes.
Award Winning by David Sacks
|San Francisco Business Times 40 Under 40, David Sacks||2011|
|Workforce Management Game Changers Award, David Sacks||2011|
|San Francisco Business Times Bay Area’s Most Admired CEOs||2011|
Social Media Account Details
David Sacks on Twitter X
David Sacks is a big name in the tech and investment worlds known for his libertarian views. He often talks about freedom, open markets, and less government control on his Twitter account.
In the past, he’s even advised Elon Musk on policy-related issues. To stay updated on what he thinks about tech and politics, you can follow him on Twitter at @DavidSacks.
David Sacks Podcast “All In”
David Sacks hosts the “All In” podcast, where he sits with entrepreneurs, investors, and experts to discuss various topics. The show is extremely popular, pulling in over a million monthly downloads. If you’re interested in tech, business, or innovative thinking, “All In” is a must-listen.
David Sacks Elon Musk Friendship
David Sacks and Elon Musk are good friends. Sacks was an early investor in Tesla and even sat on its board from 2004 to 2008.
David Sacks Angel investments
David Sacks has been an angel investor for over two decades, backing various technology companies are lists below.
- Bird, Clutter
- Palantir Technologies
- Scribd Slack
David Sacks Cars
David Sacks loves cars. His collection includes a Ferrari 488, a Porsche 911, and a Tesla Model S.
David Sacks Private Jet
Reportedly, David Sacks has a fancy private jet called a Gulfstream G550. This jet can fly far without stopping and has two engines. It can hold about 19 people and goes fast at Mach 0.85. It can go as far as 6,750 nautical miles without needing more fuel.
Back in 2011, Sacks bought a yacht for $12 million, but later in 2022, he sold it for $10 million. The ship got a new name, Milk Money, and now many people from Florida own it together.
The G550 jet is a top pick for rich people and businesses. It’s famous for being comfy, speedy, and able to travel long distances. Sacks made his G550 nice, with a bed, a shower, and an awesome entertainment system.
Sacks can go anywhere he wants quickly and comfortably, thanks to his private jet. This jet is super important for his work and his personal life.
Surprising Facts About David Sacks
- In high school, he was really into chess and played competitively.
- He was part of the Skull and Bones Society at Yale.
- He was the first to invest money in Airbnb.
- He openly criticizes Bitcoin.
David Sacks Philanthropy
David Sacks is not just about accumulating wealth; he is also invested in giving back to the community. Though exact details are scarce, he is known to contribute to various charitable organizations and causes, further enhancing his public image.
Lessons from David Sacks
Most significant takeaways from David Sacks’ career are listed below
Embrace Risk: Don’t be afraid to take calculated risks, which can lead to significant opportunities.
Network Effect: Understand the power of network effects in tech; products become more valuable as more people use them.
Team Matters: Surround yourself with a talented and dedicated team; success often depends on the people you work with.
Timing is Key: Being in the right place at the right time can make a massive difference in your entrepreneurial journey.
Adaptability: Be willing to pivot and adapt when necessary; the tech landscape is constantly evolving.
Long-Term Vision: Focus on long-term goals and building sustainable businesses rather than quick wins.
Learn from Failure: Failure is a part of the entrepreneurial process; use it as a learning experience.
Invest Wisely: Make strategic investments in emerging technologies and startups with potential.
Leverage Expertise: Utilize your domain expertise and industry knowledge to your advantage.
Stay Informed: Keep up with industry trends and market developments to make informed decisions.
Persistence: Success often requires perseverance and the ability to overcome challenges.
Ethics and Values: Uphold strong ethical values in business dealings and decision-making.
Mentorship: Seek guidance from experienced mentors who can provide valuable insights.
Share Knowledge: Give back to the entrepreneurial community by sharing knowledge and experiences.
Balance Life: Maintain a healthy work-life balance to sustain long-term success and well-being.
Quotes by David Sacks
“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 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 always retained its product-market fit.”
“Hierarchy of startup skills in ascending order: business, technical, product or design, and growth.”
“Scalability is a high-class problem because a new technology gains rapid adoption.
“What you want to do as a manager is focus on the activities with the highest leverage.”
“Usually, the most important and limited resource is money rather than time. That’s usually the biggest constraint that we have.”
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