Have you ever thought about what it feels like to swim in a pool of money? Well, David Sacks is probably one of the most successful entrepreneurs, authors, and investors in internet technology firms. As of 2024, David Sacks has an estimated net worth of around $1.7 billion. His massive wealth could make Scrooge McDuck jealous. But how did he do it? Keep reading this article to find out the secrets behind David’s jaw-dropping net worth, along with details about his age, wife, kids, family, podcast, and more.
Who is David Sacks?
Meet David Sacks! He was born on May 25, 1972. David isn’t just your average guy – he’s an entrepreneur, author, and investor in internet tech companies. He’s one of the big bosses at Craft Ventures, a fund he started with others in 2017.
David isn’t just about business, though. He’s also a host on the All In podcast, where he chats with Chamath Palihapitiya, Jason Calacanis, and David Friedberg. Before all this, he worked at PayPal, helping run things smoothly. And he even started his own company called Yammer.
But wait, there’s more! In 2016, he stepped in as the boss at Zenefits for a while. Then, in 2017, he helped start Craft Ventures. He’s not just about big companies, though. David has also put money into cool startups like Facebook, Uber, SpaceX, Palantir Technologies, and Airbnb.
David Sacks Net Worth
We don’t know David Sack’s exact net worth, but experts believe it could range anywhere from $200 million to $1.7 billion. It’s hard to say for sure because his wealth comes from different places:
- PayPal: When eBay bought PayPal, Sacks was a big part of it. He was the Chief Operating Officer (COO), which probably means he got a lot of money from the deal.
- Yammer: Microsoft bought Yammer, and Sacks was involved. This likely added even more money to his bank account.
- Zenefits: Sacks still owns part of Zenefits, a company he helped start. Even though Zenefits has had some problems, his stake in the company is still worth something.
- Craft Ventures: Sacks runs a successful investment company called Craft Ventures. When the companies they invest in do well, he makes money too.
- Angel Investments: Sacks also invests his money in small startups that look promising. When these startups succeed, he gets a share of the profits.
So, David Sacks has a lot of money from different places, making him a wealthy guy.
David Sacks Wife
Let’s find out who David Sacks is married to. David Sacks tied the knot with Jacqueline Tortorice on July 7, 2007, and they now live in Chicago. Although there’s not a lot of information available about David’s wife, we do know that they have three kids together: two girls and a boy.
David Sacks Career
David Sacks started his career by leaving his job at McKinsey & Company to join a startup called Confinity in 1999. This startup later became PayPal, where Sacks played a crucial role as the Chief Operating Officer (COO). He was responsible for many important aspects of the company, like managing teams, product development, marketing, and customer service. PayPal went public in 2002, just after the September 11 attacks, and was later acquired by eBay for $1.5 billion.
Sacks is famously known as a part of the “PayPal Mafia,” a group of people from PayPal who went on to start other successful tech companies, shaping the internet landscape.
After PayPal, Sacks ventured into film production. He produced movies like “Thank You for Smoking” and “Dalíland,” which received critical acclaim.
In 2006, Sacks founded Geni.com, a website for exploring family history. He later spun off a communication tool from Geni.com into a separate company called Yammer, which was eventually acquired by Microsoft for $1.2 billion.
Sacks also invested in various technology companies like Airbnb, Facebook, and SpaceX. In 2017, he co-founded Craft Ventures, a venture capital firm, and later started Glue, a workspace chat company that uses AI to assist in conversations during meetings on platforms like Google Meet and Zoom.
Elon Musk, David Sacks Host Anti-Biden Dinner Party
Earlier this April in 2024, David Sacks and Elon Musk hosted a dinner at Sacks’ fancy $23 million home in the Hollywood Hills. They invited some of the most powerful people in American business. Michael Milken, Rupert Murdoch, Peter Thiel, and even some government folks like Steven Mnuchin were there. Travis Kalanick, the co-founder of Uber, was also present. They all came together because they shared concerns about the current government.
This dinner, which wasn’t publicly known until now, shows how Elon Musk is gaining influence outside of just Silicon Valley. He’s becoming more than just a tech guy—he’s now a figure in media and conservative circles. Musk has talked about getting more involved in politics, maybe even supporting Donald Trump or speaking out against President Biden. His friends like Joe Lonsdale and Steve Wynn have been encouraging him to do so.
One big reason Musk is getting into politics is because he’s worried about the migrant crisis in America. This issue was a hot topic at the dinner. Musk and his guests discussed how to tackle it. However, when asked for comment, spokespeople for Musk, Sacks, and the other attendees didn’t say anything.
David Sacks Family
David Sacks grew up in London, England, with his mom, Muriel Elsie Landau, who was one of the first female surgeons in England, and his dad, Samuel Sacks, who was a doctor. He was surrounded by lots of other doctors and scientists in his big family. Because his parents were so successful in medicine, it had a big impact on how he was brought up. We don’t know much about his brothers or sisters, though.
David Sacks Age
Currently, David Sacks is 52 years old. He went to Stanford University at the same time as PayPal founder Peter Thiel. Together, they wrote a book called “The Diversity Myth: Multiculturalism and the Politics of Intolerance at Stanford.”
David Sacks Twitter
David Sacks shares his thoughts on freedom, open markets, and less government control a lot on Twitter. He’s given advice to Elon Musk before on policy stuff. If you want to know what he thinks about tech and politics, you should follow him on Twitter. His handle is @DavidSacks.
David Sacks Podcast
David Sacks runs a podcast called “All In” where he chats with entrepreneurs, investors, and experts about different topics. It’s super popular, with more than a million people tuning in every month. If you’re into tech, business, or cool new ideas, you definitely need to give it a listen.
Conclusion
In conclusion, David Sacks stands out in the tech world. He’s known for his sharp business skills. From his time at PayPal to his work with Yammer and more, Sacks has consistently made smart moves. He’s made a lot of money by investing in companies like FaceBook, Airbnb, and Uber. He’s also a co-owner of Craft Ventures. His journey, alongside his wife Jacqueline and their children, shows his strong support system and contributes to his success. With his podcast “All In” and active presence on Twitter, he continues to inspire and teach us about business.
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