David Sacks Net Worth is approximately $1.5 Billion. David Sacks is an author, investor in internet technology companies, and entrepreneur. In late 2017, he co-founded Craft Ventures, a venture capital fund, where he currently serves as general partner. Along with Jason Calacanis, David Friedberg, and Chamath Palihapitiya, he cohosts the All In podcast.
Before this, Sacks founded and served as CEO of Yammer, COO, and product leader of PayPal.He took over as Zenefits’ acting CEO for ten months in 2016. Craft Ventures is an early-stage venture fund that Sacks co-founded in 2017. His angel investments include SpaceX, Palantir Technologies, Facebook, Uber, and Airbnb.
David Sacks Net Worth & Biography
As of 2024, David Sacks Net Worth is around $1.5 Billion. His career started when he co-founded PayPal, the innovative online payment system.
| Net Worth | $1.5 Billion |
|---|---|
| Full Name | David Oliver Sacks. |
| Nick Name | David O. Sacks. |
| Date of Birth | May 25, 1972. |
| Birth Place | Cape Town, South Africa. |
| Age | 51 years. |
| Nationality | South African, American. |
| Religion | Jewish. |
| Famous For | Former CEO of Zenefits, former COO of PayPal, and CEO of Yammer. |
| Profession | American Entrepreneur, Investor, and Tech Executive. |
| Alma Mater | Memphis University School. |
| Qualification | B.A. in Economics from Stanford University, and a J.D. from the University of Chicago. |
| Height | 6 Feet 1 Inch |
| David Sacks Wife | Jacqueline Tortorice |
| David Sacks Children | Two Daughters and One Son. |
David Sacks Family
David Sacks married Jacqueline Tortorice on July 7, 2007. They have one son and two daughters.
David Sacks Earnings & Salaries
Although David Sacks’s equity and investments in numerous businesses account for a large portion of his net worth, he also makes sizable profits from various business endeavors. This covers profits on investments, dividends from profitable exits, and his position as general partner of Craft Ventures.
| 2023 | $1.1 Billion |
| 2022 | $350 Million |
| 2021 | $250 Million |
| 2020 | $100 Million |
| 2019 | $25 Million |
David Sacks Investments & Achievements
David Sacks’s diversified and progressive portfolio, which includes holdings in large corporations, demonstrates his investment ability. His recent emphasis on blockchain, finance, and health-tech startups highlights his outlook on the direction of technology.
David Sacks uses real estate as part of his investing plan; he has several homes in desirable areas, which increases his wealth and offers him security over his money.
In addition to his financial achievements, David Sacks is renowned for his charitable activities, which he uses to further enhance his legacy by funding initiatives with the potential to have a large societal impact.
| Notable Roles | COO of PayPal, Founder of Yammer, General Partner at Craft Ventures |
| Key Investments | Facebook, Twitter, Airbnb, SpaceX |
| Philanthropy | Active supporter of various non-profit organizations and causes |
| Books | The Diversity Myth |
David Sacks Awards
| Year | Awards |
|---|---|
| 2012 | San Francisco Business Times 40 Under 40 |
| 2011 | Workforce Management Game Changers Award |
| 2011 | San Francisco Business Times Bay Area’s Most Admired CEOs |
David Sacks Assets
Being a driving force behind some of the most prosperous businesses in Silicon Valley, Sacks has established a reputation for his astute investments in a wide range of asset classes and his prowess with startups.
The Foundation
His investments in tech startups are at the heart of David Sacks’ asset portfolio. Known for his strategic foresight, Sacks has a knack for identifying and nurturing companies that are poised for exponential growth.
From his early days at PayPal to his groundbreaking success with Yammer and through his venture capital firm, Craft Ventures, Sacks has been instrumental in steering numerous startups from inception to lucrative exits. These ventures contribute significantly to his net worth and underscore his influence in shaping the tech landscape.
Real Estate Holdings
David Sacks’ investment acumen extends beyond the tech world into the realm of real estate. Owning multiple properties in some of the most coveted locations, Sacks has strategically diversified his portfolio to include tangible assets that appreciate over time.
These real estate investments are not just a hedge against the volatile tech market but also a testament to his understanding of long-term wealth accumulation. Whether it’s luxury homes in Silicon Valley or commercial properties in burgeoning tech hubs, Sacks’ real estate holdings are a critical component of his asset portfolio.
David Sacks Yacht
David Sacks is known to have a profound appreciation for the serenity and freedom of yachting. A yacht owned by a figure like Sacks would undoubtedly be a floating masterpiece, equipped with state-of-the-art technology, sumptuous living spaces, and amenities that blend luxury with the latest in maritime engineering.
David Sacks Private Jet
In addition to the maritime adventures, it is rumored that David Sacks enjoys the exclusivity and efficiency of private jet travel. A private jet is a testament to his stature in the business world, enabling him to traverse the globe with speed, privacy, and unmatched luxury.
David Sacks Career Highlights
David Sacks’ journey is one of remarkable achievements and strategic foresight. His career took a significant turn when he joined PayPal as its COO, playing a crucial role in its success and subsequent acquisition by eBay in 2002 for $1.5 billion. This experience shaped Sacks’ future endeavors and placed him firmly on the map as a tech visionary.
Following the PayPal chapter, Sacks ventured into various successful startups, including Yammer, which Microsoft acquired for $1.2 billion in 2012. These milestones are career highlights and stepping stones that contributed significantly to his net worth and reputation as a serial entrepreneur.
David Sacks Craft Ventures
In 2017, David Sacks co-founded Craft Ventures, a venture capital firm dedicated to supporting early-stage startups. He has cemented his role as a mentor and investor in the tech startup ecosystem, driving numerous companies from inception to market dominance.
With a keen eye for transformative ideas and a hands-on approach, Sacks and his team have propelled numerous startups from their infancy to market leaders. Craft Ventures not only adds to Sacks’ financial portfolio but also underscores his commitment to mentoring and shaping the future of tech entrepreneurship.
David Sacks Social Media Accounts
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FAQs Regarding David Sacks Net Worth
Yes, David Sacks is Jewish. His heritage and background include Jewish roots.
David Sacks lives in San Francisco with his family.
David Sacks married Jacqueline Tortorice.
David Sacks is a billionaire. His current net worth is over $1 Billion.
David Sacks is an American entrepreneur, investor, and author. Born in 1972, he is known for his significant contributions to the technology industry.
Conclusion
David Sacks’s $1.5 Billion Net Worth is evidence of his strategic thinking, inventiveness, and fortitude in addition to his financial success. From PayPal’s early days to his present endeavors, David has left a lasting impression on the tech industry. Prospective business owners and investors can learn a lot from his experience, realizing that vision, flexibility, and a willingness to take risks are all necessary for success.