What is Jack Dorsey's Net Worth?
Name: Jack Dorsey
Born: November 19th, 1976
Company: Twitter, Inc. (TWTR)
Position: Co-Founder, Co-Creator Twitter | Founder, CEO of Square
Jack Dorsey currently has a net worth of an estimated:
Jack Dorsey's net worth increased by $5,394,194 on 10/26/2016
Despite the fact that he is less than 40 years of age, Jack Dorsey is a billionaire who has made his fortune building and investing in technology companies.
You probably know Jack Dorsey best as the co-founder and co-creator of the ubiquitous Twitter, which went public in the fall of 2013. Twitter is used by hundreds of millions of people across the globe and has revolutionized the way that people communicate with each other. The situations in Syria and other countries illustrate the importance of Twitter as a news dissemination service in this day and age. Stories that never would have been reported have been ignited by a single Tweet, and this has empowered people all over the world.
Jack Dorsey co-founded Obvious Corporation along with Biz Stone and Noah Glass, and this company would eventually spin off Twitter, Inc., which owns the Twitter business and all of its intellectual property. While Dorsey is currently deeply involved with other businesses, he still finds time to serve as Executive Chairman of Twitter.
Dorsey, unwilling to rest on his laurels and forthcoming riches, founded Square in the spring of 2010. Square is a company that provides a small device that attaches to mobile devices, and this device allows merchants to easily accept debit and credit card payments. So, for instance, a hot dog vendor can apply for a merchant account, attach a Square device to their phone and accept debit and credit card payments.
Square recently completed a $200 million round of funding that values the company at a reported $3.25 billion. According to reports, Dorsey reportedly owns between 25-30% of the company, which significantly adds to his net worth total as well. Square is reportedly planning an initial public offering in 2014.
In addition to his very large stakes in Twitter and Square, Dorsey has also personally invested his own money in companies such as:
Dorsey has presumably done very well with these investments - Foursquare, for one, is reportedly valued at $600 million.
According to public documents, Jack Dorsey owns 23,453,017 shares of Twitter.
Q: How many shares of Twitter, Inc. does Jack Dorsey own?
Jack Dorsey is worth 18,243 times more than the median US household
If Jack Dorsey sold everything that they owned, they could fund the United States' deficit spending for 0.5 days.
Note: Net Worth changes calculated at 4 pm EST daily
The net worth pages are strictly for entertainment purposes only. The information on these pages is based on speculation and shouldn't be construed as being accurate in any way.