David Oliver Sacks is an entrepreneur and Internet technology investor, a principal partner at Craft Ventures, and the founder of PayPal and Yammer. David Sacks net worth is estimated to be approx $250.01 million. However, it is important to note that changes in net worth over time can be caused by a number of factors, including changes in the value of investments.
Entrepreneurship, leadership positions, and early investments in companies such as Twitter, Facebook, Uber, SpaceX, Tesla, Palantir, and many others helped Sacks accumulate his fortune.
David Sacks was born in 1972 in Cape Town, South Africa. He is a renowned American businessman, expert, and software executive. David Sacks earned his B.A. from Stanford University. JD with the University of Chicago
In the past, he held positions as COO at PayPal, founder and CEO of Geni.com, co-founder and CEO of Yammer, and briefly as interim CEO of Zenefits. Sacks has also invested in major internet companies including Facebook, Uber and AirBnB.
At Craft Ventures, a venture capital firm founded in 2017 and focused on early-stage technology investments, David Sacks is now a founding member. Sacks continues to help and coach startups and business owners to succeed and grow through Craft Ventures. He has a strong presence on the All In podcast, along with Chamath Palihapitiya, Jason Calakanis, David Sacks, and David Friedberg.
This article contains information about David Sacks net worth, estimated net worth in 2023, salary, house, car, endorsement offer, personal life, biography and favorite items as well as his professional career and his social media profiles.
David Sacks net worth
|Real Name||David Oliver Sacks|
|Live||Broadway Street, San Francisco, USA.|
|Place of Birth||South Africa|
|Net Worth 2023||$250 Million|
|Net Worth 2019||$220.1 Million|
|Net Worth 2020||$225.2 Million|
|Net Worth 2021||$230.1 Million|
|Net Worth 2022||$235 Million|
David Sack’s personal life
Cape Town in South Africa is the birthplace of David Oliver Sacks. He attended Stanford University and earned a bachelor’s degree in economics. David enrolled at the University of Chicago Law School after graduating from Stanford, where he received his JD in 2018. David has since worked for other law firms in Illinois and California.
David Sack’s Marriage life
David Sacks married Jacqueline Tortoris in 2007 and the couple has three children: two girls, Chloe and Kelly, and a boy, Andrew. Chicago is where the couple currently resides.
David rejects the beginning of life
David Oliver Sacks was born on 25 May 1972 in Cape Town, South Africa. When he was five, his family moved to Tennessee, United States. His grandfather, who owned a confectionery business in the 1920s, had a greater influence on him than his father, who was an endocrinologist. This made him more businesslike as a child.
He enrolled at the University of Memphis School to begin his college career before transferring to Stanford University, where he graduated in 1994 with a bachelor’s degree in economics. Later
Sacks moved with his family to Tennessee, USA when he was five years old. Sacks didn’t know he was planning to start his own business, but he also didn’t want to follow in his endocrinologist father’s footsteps. He was influenced by his grandfather, who opened a candy factory in the 1920s.
In Memphis, Tennessee, Sacks attended Memphis Community College. David holds a B.A. from Stanford University. in Economics in 1994 and from the University of Chicago Law School with a JD in 1998.
How does David Sacks make money?
Entrepreneur and venture capitalist David Sacks has been involved in several notable initiatives. He is best known for his work with the online payment system PayPal, where he served as chief operating officer and general manager. He was a member of the PayPal Mafia, an organization composed of former PayPal employees who found success in the IT industry.
He founded Geni.com and participated in Yammer’s first public offering (IPO) in 2002 after leaving PayPal. Yammer was subsequently bought by Microsoft for more than $1 billion. Furthermore, Christopher Buckle’s Oscar-winning film, Thanks for Smoking, was his executive producer.
He started Geni.com after leaving PayPal in 2002 and participated in the initial public offering (IPO) of Yammer, which was later acquired by Microsoft for more than $1 billion. In addition, he executive produced Christopher Buckle’s Oscar-winning film Thanks for Smoking.
Sacks is currently a partner at Craft Ventures, a venture capital firm that specializes in early-stage investments in digital businesses. Along with many other companies, he has invested in Uber and Airbnb. From 2017 to 2019, he created and oversaw Craft Ventures, a San Francisco-based startup equity fund.
He has supported companies like Uber, Airbnb, SpaceX, and Coinbase. Sacks founded and currently serves as CEO of the enterprise HR SaaS platform called Zenefits. In 2013 he co-founded Zenefits and from 2013 to 2016 he was the temporary CEO.
He also helped establish the Social + Capital start-up fund. His investments were crucial for the development of several companies and boosted the expansion of the IT sector.
David Sacks investments demonstrate his dedication and confidence in the IT industry. Genealogy websites and angel investments have certainly benefited Silicon Valley, and his influence on future business and technology development will continue.
. His investments demonstrate his commitment to performance, innovation and progress.
His investments have had a significant impact on the technology sector and prestigious magazines such as Forbes, Silicon Valley Insider, The New York Times and Fortune Magazine have recognized his achievements. David Sacks is a well-known IT industry leader and investor with decades of industry experience and insight.
David Sack’s career
Sacks left his job as a management consultant at McKinsey & Company in 1999 to join PayPal, an e-commerce company that Max Levchin and Peter Thiel co-founded last year. He built many key teams for PayPal while serving as Chief Operating Officer and Product Manager, responsible for the company’s product design and management, sales and marketing, business development, international, customer service, fraud operations, and fraud operations. human Resources. sources.
Under his leadership, PayPal’s revenue grew from zero to over $100 million in 2001 and payment volume from nothing to $3.5 billion annually. The company has introduced and expanded corporate accounts to more than 80 countries and multiple currencies.
PayPal started its first public offering in February 2002.
. One of the first initial public offerings after the 9/11 attacks was this one. On the first day, the stock was up more than 54%. PayPal was acquired by eBay for $1.5 billion.
The exchange is part of the so-called “PayPal Mafia,” a group of PayPal founders and employees who went on to create several other successful technology companies. They are often considered the driving force behind Web 2.0 and the resurgence of consumer-facing Internet companies after the Internet crash in 2001.
Thanks for Smoking
Through his production company, Room 9 Entertainment, Sacks created and raised money for the film Thank You for Smoking after buying PayPal.
A satirical exploration of spider culture, Thanks for Smoking is based on Christopher Buckley’s 1994 novel of the same name and was adapted for the big screen by filmmaker Jason Reitman. Aaron Eckhart, William H. Macy, Sam Elliott, Rob Lowe, Maria Bello, Katie Holmes, Adam Brody, and Robert Duvall were among the actors who performed.
Thank You for Smoking received two Golden Globe nominations in 2007 for Best Picture and Best Actor in a Comedy/Musical.
In addition, the film received Best Adapted Screenplay at the Washington DC Area Film Critics Association Awards and San Diego Film Critics Association Awards, Best Screenplay at the Independent Spirit Awards, Audience Awards at the Munich and Norwegian Film Critics Awards, Best First Feature at the Toronto Film Critics.
Association Awards and Best Film of the Year at New York Film Critics Online.
Sacks founded Geni.com in 2006 to allow family members to collaborate to develop an online family tree. He wanted more information about what was happening at Geni, so the team created a productivity tool to encourage employee sharing. In 2008, Adam Pisoni, co-founder of Sacks and Yammer, transformed the messaging network
Yammer has established a secure platform for business communication and collaboration and was recognized as the leading enterprise social network overall winner at the 2008 TechCrunch50 conference.
According to Social Capital, Yammer has surpassed his 8 million business users in just four years, making him one of the fastest growing SaaS (Software-as-a-Service) companies in history. increase.
Venture capital organizations including Charles River Ventures, Founders Fund, Emergence Capital Partners, and Goldcrest Investments have contributed a total of approximately $142 million to Yammer. Microsoft acquired Yammer for $1.2 billion in July 2012 as part of its social/cloud strategy.
Sachs made a “massive investment” in Zenefits in December 2014, but was asked by the Zenefits board in January 2016 to serve as interim CEO due to a “regulatory crisis” over the licensing of regulatory compliance organizations. rice field.
Sacks spent the next year working with insurance regulators across the country, earning praise for “getting the ship right.”
David has also adapted his SaaS business model through an initiative called “Z2” to transform the Zenefits product line.
Sachs co-founded Kraft Ventures in late 2017 with an initial investment of $200 million. According to the Medium Business publication, Kraft plans to raise $1.1 billion in 2021, bringing the total raised to $2 billion.
David Sacks Political Views
The Diversity Myth
Sacks co-authored the independent research institute book The Myth of Diversity: The Politics of Multiculturalism and Intolerance with Sacks ‘ roommate Peter Thiel in 1995 at Stanford University.
The book argues for increased intellectual diversity on college campuses and criticizes political correctness in higher education. In 2016, Sacks apologized for several passages in the book, including calling date rape “late regret” and asking, “Why is it all a man’s fault?” was included.
Support for political campaigns
Sachs donated $50,000 to Republican candidate Mitt Romney’s campaign in 2012, according to the Federal Election Commission.
David donated $70,000 to Hillary Clinton’s 2016 presidential campaign.
Sachs helped remove Collins, Morriga and Lopez from the San Francisco school board in the 2022 election, becoming one of the biggest donors. He is also an active supporter of Republican politicians, including a spring 2022 fundraiser with former partner and colleague Keith Lavois for Republican Senate candidates J.D. Vance and Blake Masters.
David Sacks Awards and Accomplishments
American entrepreneur, investor, and software executive, David Sacks has earned numerous awards and achievements throughout his career. These recognitions highlight his outstanding contributions to the technology industry and his outstanding leadership skills.
In 2012, David his saxophone was honored by the San Francisco Business Times as one of his “40 Under 40”. This prestigious recognition celebrates your outstanding achievements and significant impact in the business world in the run-up to his 40th birthday.
Sacks visionary approach and innovative thinking were integral to establishing himself as one of San Francisco’s Bay Area’s most influential up-and-comers.
Another notable achievement in Sacks career was winning the prestigious Workforce His Management His Game His Changers Award in 2011. This recognition cemented his reputation as a revolutionary leader who effectively transformed the landscape of workforce management.
Mr. Sacks ability to implement new strategies and implement innovative initiatives has had a lasting impact on the industry, and this award is a testament to his extraordinary contribution.
Additionally, in 2011, the San Francisco Business Times named David Sacks as one of the Bay Area’s most respected CEOs. This rating indicates that Sacks was held in high esteem among his peers and industry professionals.
His visionary leadership, strategic decision-making and remarkable achievements in various companies have made him a respected figure in the business world.
These awards and achievements underscore David Sacks ‘ tremendous influence and contribution to the technology industry. His ability to drive innovation, foster growth and drive business success is admired and recognized by his peers.
Mr. Sacks has established himself as a pioneer and visionary in the business world through his relentless pursuit of excellence and relentless dedication to reshaping the industry.
David Sacks Social media profile
David Sacks has a large fanbase, with 620 followers and 107 posts on Instagram and 671,300 on Twitter.
David has invested heavily in the last 20 years and some of the companies he has invested in are:
• Event Bright
• And more…
Frequently Asked Questions
Where does David Sacks invest his money?
Along with his active involvement in other businesses, David Sacks spends his money on various cryptocurrency-related initiatives.
How many companies has David Sacks invested in?
David Sack’s aggressive investments are one of the main reasons for his success and progression. He is said to have invested in over 80 companies to date and has invested in various industries and verticals. In addition, we actively invest in emerging companies which we believe have future potential.
What are some of david sacks notable investments?
David Sacks has made early investments in companies such as Twitter, Facebook, Uber, SpaceX, Tesla, Palantir, and more.
What is David Sacks net worth?
David Sacks net worth is approximately $250 million.
When did David Sacks leave PayPal?
David Sacks ‘ active role during his tenure at PayPal contributed to his growing popularity and the development of his profession. But after eBay acquired the company in 2002, David also left.
How did David Sacks contribute to PayPal’s success?
As the COO of PayPal, David Sacks played a crucial role in the company’s growth and successful initial public offering (IPO) in 2002. He helped lead various teams and contributed to the company’s acquisition by eBay.
What is David Sacks professional background?
David Sacks started his career as the Chief Operating Officer (COO) of PayPal and later co-founded Geni.com and Yammer. He is currently a founding partner at Craft Ventures, a venture capital firm.
What other achievements does David Sacks have?
David Sacks has been recognized as one of San Francisco Business Times’ “40 Under 40” and has received the Workforce Management Game Changers Award. He has also ventured into film production and co-authored a book called “The Diversity Myth.”
Where does David Sacks reside?
David Sacks and his family currently reside in San Francisco, United States.
How has David Sacks net worth grown over the years?
David Sacks net worth has experienced steady growth, increasing from $220 million in 2019 to $250 million in 2023.
David Sacks activities, management and investments have had a profound impact on the technology sector.David Sacks tiene un patrimonio neto de más de $250 millones y está activo en varias empresas rentables, incluidas PayPal, Yammer, Geni.com y Craft Ventures.
He continues to mentor and support businesses as a founding member of Craft Ventures and is a key player in the cryptocurrency industry.