David Sacks Net Worth 2024: Age, Career And How He Made Billions

Quick Info

Name	David Sacks
Net Worth	$250 million
Source of Income	Venture Capital, Angel Investments, Entrepreneurial Ventures
Date of Birth	25, May, 1972
Age	52 Years
Gender:	Male
Profession / Occupation	Entrepreneur
Nationality	American

David Sacks, a name synonymous with Silicon Valley’s elite, has carved a remarkable path as an entrepreneur and investor. In 2024, his net worth continues to be a topic of much interest, with estimates hovering around a cool $250 million. But the story behind the number is far more intriguing.

Table of Contents

David Sacks Net Worth 2024

David Sacks is a tech entrepreneur and investor. In 2024, David Sacks’ net worth is around $250 million. He is best known for founding and leading PayPal as COO and product leader and for founding and leading Yammer as CEO. In recent years, Sacks has also become a successful venture capitalist, investing in companies such as Facebook, Uber, SpaceX, and Airbnb.

Early Life and Education

David Sacks was born in Cape Town, South Africa, in 1972. He immigrated to the United States with his family when he was five. Sacks attended Memphis University School in Memphis, Tennessee, and then went on to Stanford University, where he earned a bachelor’s degree in economics in 1994. After graduating from Stanford, Sacks attended the University of Chicago Law School, where he received his J.D. in 1998.

David Sacks Net Worth Growth

He grew his net worth effectively by taking the following steps

PayPal:

Sacks joined PayPal in 1999 as the founding COO and product leader. He was responsible for developing the company’s early products and services, and he played a key role in PayPal’s growth and success. eBay acquired PayPal in 2002 for $1.5 billion.

Yammer:

In 2008, Sacks left PayPal to co-found the social networking company Yammer. Yammer is a private social networking platform for businesses, and it quickly grew to become one of the most famous enterprise social networks in the world. Sacks served as Yammer’s CEO until 2012 when he stepped down to focus on his other business interests.

Craft Ventures:

In 2017, Sacks co-founded the venture capital firm Craft Ventures. Craft Ventures invests in early-stage technology companies and has backed several successful startups, including Slack, Instacart, and Stripe.

Other investments:

In addition to his work at PayPal, Yammer, and Craft Ventures, Sacks has also made angel investments in many other successful startups, including Facebook, Uber, SpaceX, Palantir Technologies, and Airbnb.

David Sacks’ sources of income

David Sacks’ wealth stems from multiple sources:

Venture Capital: As co-founder and General Partner at Craft Ventures, a successful VC firm, Sacks earns income through carried interest. This is a percentage of the profits generated from successful exits (acquisitions or IPOs) of companies Craft Ventures invests in.
Angel Investments: His early-stage investments in companies like Uber, Facebook, and SpaceX have likely matured significantly, bringing him returns on his initial investment capital and potentially ongoing profits from some holdings.
Entrepreneurial Ventures: While not currently his primary focus, his past success with companies like PayPal likely brought him a substantial payout upon its acquisition by eBay. Any ongoing ventures he’s involved in could also contribute to his income.
Podcast: While the exact details are unknown, co-hosting the “All-In” podcast could potentially generate income through advertising or sponsorships.

David Sacks’ Most Notable Achievements

David Sacks founded Yammer, and Microsoft acquired it for $1.2 billion in 2012.
He also served as the COO and product leader of PayPal, which eBay acquired for $1.5 billion in 2002.
In addition, he co-founded the venture capital firm Craft Ventures, which has invested in some successful startups, including Slack, Instacart, and Stripe.
In 2007, Time magazine named David Sacks one of its “100 Most Influential People in the World,” he wrote the book “The Startup Owner’s Manual: The Step-by-Step Guide to Building a Successful Business.

Conclusion

David Sacks, a successful entrepreneur and investor, has an estimated net worth of $250 million in 2024. David Sacks founded and led PayPal as COO and product leader, and he also founded and led Yammer as CEO. He introduced himself to successful ventures like Geni.com and Craft Ventures.

Sacks was named one of Time magazine’s “100 Most Influential People in the World,” he wrote the book “The Startup Owner’s Manual: The Step-by-Step Guide to Building a Successful Business.” He is a frequent speaker at tech conferences and events.

Sacks’ net worth has grown significantly in recent years due to his successful investments in companies such as Facebook, Uber, and SpaceX. He is also a successful angel investor, investing in early-stage companies like Airbnb and Palantir Technologies. Sack is a controversial figure, but there is no doubt that he is one of the most successful entrepreneurs of his generation.

FAQ’S

What is David Sacks’ net worth?

David Sacks has amassed over $250 million net worth through his successful career in tech entrepreneurship and venture capital.

What is David Sacks’ most famous company?

David Sacks is best known for his work at PayPal and Yammer, which he co-founded. Both companies were acquired by larger companies for significant sums of money.

What is David Sacks’ current role?

David Sacks is a general partner at the venture capital firm Craft Ventures. He is also a co-host of the podcast All In.

What are David Sacks’ hobbies?

David Sacks enjoys playing golf, skiing, and reading. He is also an avid fan of the San Francisco Giants baseball team.