David Sacks Net Worth – How Rich Is the ‘PayPal Mafia’ Team Member

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David Sacks Net Worth

David Sacks is a famous American entrepreneur, investor, and software executive, who is known for his knowledge surrounding technology, business, and investment. His first success story is his being the CEO of Yammer, a popular social networking platform, which was later acquired by Microsoft.

Not just that, he was also part of the PayPal Mafia group that came together, ideated, and launched PayPal, alongside other executives. Besides being a successful businessman, David is also actively into podcasting and hosts his show, All-In Podcast.

With the steady and rampant growth that David Sacks has acquired, it is safe to say that people are intrigued about his net worth. We will discuss more on that in this article.

Quick Facts

Full Name
David Oliver Sacks
Birth Date May 25, 1972
Age 51
Country of Origin Lithuania
Nationality American, South African
Profession Entrepreneur, Investor
Marital Status Married
Parent’s Name Unknown
Spouse Jacqueline Tortorice
Social Media Accounts: Instagram
Facebook
Twitter
Net Worth (as of 2024) $200 million
Last Updated: Feb 1, 2024

Early Life

Born as David Oliver Sacks, he celebrates his birthday on May 25. He was born in the year 1972 and he was born in Cape Town, South Africa.

However, soon after his birth, the family immigrated to the U.S. and settled down in Tennessee. This happened when David was 5.

There’s not much information available about David’s mother but reports suggest that his father was an endocrinologist. But, what fascinated David was the fact that his grandfather’s candy factory. He learned more about it from his parents since it was established in the 1920s.

With a passion for business, David acquired a degree in economics from Stanford University. He later completed his law degree four years later.

Personal Life

David is married to his wife, Jacqueline Tortorice since 2007 and the couple have three children together. Jacqueline is an entrepreneur herself and they live in their family home on Broadway Street, San Francisco.

David Sacks

Career

Right after graduation, David joined McKinsey & Company but soon left the company to start working for PayPal. At PayPal, David worked as the product leader and was even promoted to COO a few years later.

Once PayPal was bought by eBay in 2002, David, who was one of the founding members of the company, alongside a few other key members were termed the “PayPal Mafias”.

Soon after, David used his share of money from PayPal’s sale and started Room 9 Entertainment, a production company. He also launched a social media platform, Yammer in 2008 and later sold it to Yahoo.

Over the years, David now works as an angel investor, identifying companies with potential and investing in them. Besides standard investments, David is also into crypto investments.

At present, he is working on building Craft Ventures and is also a host of a podcast called All-in-one.

Net Worth

Despite being an employee at PayPal initially, he was later accounted as one of the founding members, which brought him a whole lot of fortune after the company was sold to eBay. He has made smart financial decisions since then, which has contributed to his $200 million net worth.

His current project, Craft Ventures, is potentially the most profitable of them all and has raised over $1.1 billion in revenue and valuation. He also earns from his investments in leading organizations like SpaceX, Airbnb, Facebook, etc.

FAQs

1. Why is David Sacks famous?

David Sacks is a prominent American entrepreneur, software executive, and investor, known for his expertise in technology, investment, and business.

2. How did David Sacks contribute to the development of PayPal?

David Sacks was part of the PayPal Mafia, a group of executives who were involved in the launch of PayPal. He playe  d a key role as a founding member at PayPal.

3. What is David Sacks’ current net worth?

David Sacks has accumulated a net worth of $200 million. He is also an investor in prominent organizations like Facebook, SpaceX, and Airbnb. Additionally, he hosts the All-In Podcast. Top of Form