Curious about David Sacks net worth? This visionary entrepreneur, investor, and PayPal Mafia member has built a financial empire.
From groundbreaking ventures like PayPal and Yammer to his latest endeavors, Sacks’ success story is one of innovation and determination.
Dive into his financial journey and uncover the milestones that have shaped his wealth.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | David Oliver Sacks |
| Popular Name | David Sacks |
| Gender | Male |
| Birth Date | May 25, 1972 |
| Age | 52 |
| Parents | Father: Endocrinologist, Mother: N/A |
| Siblings | N/A |
| Birthplace | Cape Town, South Africa |
| Nationality | South African-American |
| Ethnicity | Jewish |
| Education | Stanford University (BA), University of Chicago (JD) |
| Marital Status | Married |
| Spouse | Jacqueline Tortorice (m. 2007) |
| Children | Two daughters, one son |
| Dating | N/A |
| Net Worth | Estimated between 250M to 2B USD |
| Source of Wealth | Technology, Investments, Venture Capital |
| Height | N/A |
What is the Net Worth of David Sacks in 2024?
David Sacks’ net worth is estimated between 250M to 2B USD. This impressive figure reflects his success in ventures like PayPal and Yammer, and as a co-founder of Craft Ventures.
Compared to peers in the tech and investment sectors, his financial position remains formidable. Some notable names in similar domains include:
- Peter Thiel
- Elon Musk
- Chamath Palihapitiya
- Jason Calacanis
- Reid Hoffman
- Mark Zuckerberg
- Travis Kalanick
- Jeff Bezos
- Max Levchin
- David Friedberg
For more on influential figures like Sacks, check out our feature on the wealthiest political influencers.
David Sacks Wealth, Salary and Finance Overview
Early Life and Education
David Sacks’ journey began in Cape Town, South Africa. His family’s move to Tennessee, USA, when he was five, exposed him to opportunities that shaped his entrepreneurial vision.
Inspired by his grandfather’s candy factory success, Sacks pursued economics at Stanford University and later earned his law degree from the University of Chicago.
PayPal: The Foundation of Wealth
Joining PayPal was a turning point. As COO, Sacks led product management and strategic pivots that revolutionized online payments.
The company’s $1.5 billion acquisition by eBay solidified his reputation as a tech visionary and laid the groundwork for his future ventures.
Yammer: Innovation in Enterprise Communication
In 2008, Sacks co-founded Yammer, a pioneering enterprise social network.
Its rapid growth—garnering over 8 million users in four years—caught Microsoft’s attention, leading to its $1.2 billion acquisition in 2012.
Craft Ventures and Investment Strategy
As co-founder of Craft Ventures, Sacks has demonstrated an eye for innovation, managing assets worth 3.3 billion USD.
Investments in companies like Airbnb, SpaceX, and Slack highlight his knack for identifying high-growth opportunities.
Strategic Angel Investments
Sacks has invested in over 20 unicorn startups, including Uber, Facebook, and Palantir.
These ventures significantly contribute to his wealth and affirm his status as a leading investor in Silicon Valley.
Contributions Beyond Tech
Beyond startups, Sacks has explored other fields. His film productions, including Thank You for Smoking (nominated for two Golden Globes), showcase his creative pursuits.
Recently, he launched Glue, an AI-powered platform poised to challenge Slack in workplace communication.
Public Engagements and Their Influence
From hosting high-profile fundraisers to serving as a podcast host on All-In, Sacks leverages his platform to influence tech and political discourse.
These engagements further elevate his profile and financial potential.
The Role of Networking
Sacks’ success is intertwined with the “PayPal Mafia.” Collaborations with peers like Elon Musk and Peter Thiel have unlocked new opportunities, reinforcing his financial dominance.
Managing Personal and Professional Life
Sacks and his wife Jacqueline manage their family wealth through the Sacks Family Office.
This strategic approach ensures the preservation and growth of their assets while balancing family life.
David Sacks Latest News
Trump appoints David Sacks as White House AI and Cryptocurrency Czar
FAQs About David Sacks
Where was he born?
David Sacks was born in Cape Town, South Africa, and later moved to Tennessee, USA.
What are his major career milestones?
Sacks is best known for his roles at PayPal, Yammer, and Craft Ventures, alongside notable investments in leading tech companies.
What inspired his entrepreneurial journey?
Sacks credits his grandfather’s success as a candy factory owner for sparking his interest in entrepreneurship.
Who are his key collaborators?
Sacks has worked with influential figures like Peter Thiel, Elon Musk, and Chamath Palihapitiya throughout his career.
How does he manage his wealth?
Together with his wife Jacqueline, Sacks oversees their financial portfolio through the Sacks Family Office.
What is his latest venture?
Sacks recently launched Glue, an AI-powered workplace communication platform designed to compete with Slack.
Has he been involved in politics?
Yes, Sacks has hosted fundraisers and voiced support for candidates like Donald Trump.
What are his contributions to the film industry?
Sacks produced Thank You for Smoking and Daliland, showcasing his passion for filmmaking.
What is his educational background?
Sacks holds a BA in Economics from Stanford University and a JD from the University of Chicago.
Does he have children?
Yes, David Sacks has two daughters and one son with his wife, Jacqueline Tortorice.
Conclusion
David Sacks’ remarkable journey from PayPal to Craft Ventures illustrates his impact on the tech and financial worlds.
His success story inspires innovation and ambition. Share your thoughts, or explore more profiles on Ando Money.
