Synopsis about David O. Sacks
| David O. Sacks Net Worth | Age (as of 2024) | Wife | Profession |
|---|---|---|---|
| $ 1.5 Billion | 52 Year Old | Jacqueline Tortorice (Married: 2007 – ) | Entrepreneur, author and investor |
David O. Sacks
David O. Sacks is a prominent entrepreneur, author, and investor in internet technology firms. He is the general partner of Craft Ventures, a venture capital fund he co-founded, and is known for his roles as the former CEO of Zenefits, former COO of PayPal, and CEO of Yammer, which was acquired by Microsoft in 2012. Sacks produced and financed the hit 2006 movie Thank You For Smoking, based on the book by Christopher Buckley.
David O. Sacks net worth in 2024 has been estimated to reach $ 2 Billion by the end of the year and his present net worth is approximately $ 1.5 Billion USD.ย
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To know more about the entrepreneur, author and investor, David O. Sacks, explored the information given below.
David O. Sacks: An In-Depth Profile
Bio
| Full Name | David Oliver Sacks |
| Nickname | David O. Sacks |
| Profession | Entrepreneur, Author and Investor in internet technology firms |
David O. Sacks Net Worth
| Net Worth in 2024(Estimated to reach by the end of the year) | $ 2 Billion USD |
| Net Worth (Present estimated) | $ 1.5 Billion USD |
| Source of Income | Venture capital, Investments, Podcast |
Personal Information
| Age (as of 2024) | 52 year old |
| Nationality | American |
| Date of Birth | May 25, 1972 |
| Birthplace | Cape Town, South Africa |
| Education Background | Memphis University School |
| Education Qualification | Stanford University (BA)University of Chicago (JD) |
Personal Life
| Marital Status | Married |
| Wife | Jacqueline Tortorice (Married: 2007 – ) |
| Children | Three Children |
Social Media Profiles
| Wikipedia | David O. Sacks |
| IMDb | David O. Sacks |
| David O. Sacks | |
| Active Year | 1972 – Present |
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David O. Sacks: Career Highlights and Sources of Income
Career Highlights
- Co-Founder of PayPal
David O. Sacks co-founded PayPal, one of the most successful online payment platforms, in 1999 alongside Peter Thiel, Max Levchin, and others. His role in the founding team contributed to the development and growth of PayPal into a leading global payment solution.
- Executive Positions at PayPal and Other Tech Companies
Sacks held various executive positions at PayPal, including Chief Operating Officer (COO) and Vice President of Product Development. He played a pivotal role in shaping PayPal’s strategy, product development, and expansion initiatives during its formative years. Sacks also held executive positions at other tech companies such as Yammer, where he served as CEO, contributing to the success of these organizations.
- Investor and Entrepreneurial Ventures
Beyond his roles at PayPal and other tech companies, Sacks is known for his investments in startups and entrepreneurial ventures. He has invested in a diverse range of companies across industries, leveraging his expertise and network to support promising startups.
- Producer of “Thank You for Smoking”
Sacks ventured into the entertainment industry as a producer, contributing to the production of the critically acclaimed film “Thank You for Smoking” in 2005. His foray into film production showcased his versatility and entrepreneurial spirit beyond the tech sector.
Sources of Income
- Tech Industry Ventures and Investments
Income from investments in tech startups, venture capital funds, and entrepreneurial ventures forms a significant part of Sacks’ earnings.
- Stock Holdings and Equity
Sacks likely holds significant stock holdings and equity stakes in companies where he has been involved as a co-founder, executive, or investor, providing ongoing income and potential for capital appreciation.
- Consulting and Advisory Services
Sacks may provide consulting and advisory services to startups, tech companies, and entrepreneurs, leveraging his experience and insights to support their growth and development.
- Speaker Fees and Engagements
Opportunities for speaking engagements, conferences, and industry events provide additional income for Sacks, allowing him to share his expertise and perspectives with audiences.
- Book Sales and Publishing
If Sacks has authored books or publications on topics related to entrepreneurship, technology, or business, income from book sales and publishing royalties contributes to his earnings.
- Film Production and Entertainment Ventures
Income from film production projects, entertainment ventures, and media-related activities, such as royalties from film productions, may also contribute to Sacks’ overall income stream.
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FAQs
Who is David Sacks married to?
David Sacks is married to Jacqueline Tortorice.
What is David Sacks known for?
David Sacks is known for his roles as the former CEO of Zenefits, former COO of PayPal, and CEO of Yammer, which was acquired by Microsoft in 2012. He also produced and financed the hit 2006 movie Thank You For Smoking.
What are some of David Sacks’ awards?
David Sacks has received awards such as the San Francisco Business Times 40 Under 40 (2012), the Workforce Management Game Changers Award (2011), and the San Francisco Business Times Bay Area Most Admired CEO (2011) .
What are David Sacks’ views on US involvement in Ukraine?
David Sacks has criticized US involvement in Ukraine, stating that economic sanctions have not worked and have instead hurt Europe, and that military support has weakened the US rather than Russia. He has also criticized the lack of international support for US policy and the humanitarian catastrophe in Ukraine.
