David Sacks Net Worth 2024 – Wealth, Age & Biography
David Sacks is an American businessman. He is a big part of the PayPal mafia. Now, he’s an investor in craft ventures and co-hosts the All In podcast. As of 2024, David Sacks net worth is around $200 million. Here are all the details of David Sacks net worth, career, income and personal life.
Who is David Sacks?
David Sacks was born in Cape Town, South Africa. His full name is David Oliver Sacks. He is a successful businessman and owns several companies. He is now the co-founder and partner of Craft Ventures. He is also the CEO of Yammer.
Profile Summary – Quick Overview to David Sacks
| Full Name | David Oliver Sacks |
| Known As | David Sacks |
| Date of Birth | May 25, 1972 |
| Age | 52 |
| Birthplace | Cape Town, South Africa |
| Eye Color | Black |
| Hair Color | Black |
| Height | 5 feet 8 inches |
| Weight | 68 kg |
| Religion | Christian |
| Nationality | American |
| Marital Status | Married |
| Parents | Father: Samuel SacksMother: Muriel Elsie Landau |
| Wife | Jacqueline Tortorice |
| Children | 3 (two daughters and one son) |
| Education | Stanford University (Bachelor of Arts in Economics, 1994) |
| Known For | Former CEO of Zenefits, former COO of PayPal and CEO of Yammer |
| Net Worth | $200 Million |
What is David Sacks Net Worth?
David Sacks net worth is around $200 million. He is a well-known tech industry and investor. David used to be the second in command at PayPal. Now, he helps startups as co-founder of Craft Ventures. It is a fund that invests in new tech companies. He also chats on the ‘All In’ podcast about business, tech, and more.
Early Life & Education
David Sacks was born on 25 May 1972 in Cape Town, South Africa. Then he moved to Tennessee, USA. After finishing school, he went to Stanford University and earned a degree in economics. Then, he went to law school at the University of Chicago and earned a Doctor of Laws degree.
Career
Paypal
David Oliver Sacks started as a consultant at McKinsey & Company. In 1999, he joined PayPal with Peter Thiel and became the company’s first COO. He and Elon Musk became best friends there and both became famous in the PayPal mafia.
Sacks did a lot of work for PayPal and built key teams such as sales and marketing. He helped grow PayPal’s annual revenue to over $200 million in just 3 years. In 2002, eBay bought PayPal for $1.5 billion.
Yammer
David loved starting a business because of his grandfather who owned a candy factory. In 2008, he created Yammer, similar to Slack but earlier. It became very popular and won big in TechCrunch50.
In 2012, Microsoft bought it for $1.2 billion. It became the fastest-selling software in a billion dollars.
Geni.com
Sacks founded Geni.com in 2006. This website is for family history. In 2012, MyHeritage purchased Geni.com.
Zenefits
In December 2014, Sacks invested his money in Zenefits. Then in January 2016, he had to step down as boss for a while because Zenefits was having trouble with its license.
Sacks worked hard for about a year to fix things with the government and got praised for it. He also changed Zenefits’ products and made them work like software. People liked the changes, but Zenefits was still losing a lot of money every year. Sacks left after less than a year and another man, Jay Fulcher, became CEO.
Craft Ventures
In 2017, Sacks launched Craft Ventures. The company invests in SaaS companies, especially those that sell software. They manage approximately $2 billion in funds. Sacks like to support new software companies from the start. He also invested in cryptocurrencies and was one of the first to buy Solana tokens.
Podcasting
Sacks created the Callin app, combining social media with podcasts, like a clubhouse for live podcasts. On Twitter, he shares business tips and ideas. He hosts the ‘All In’ podcast with friends, where they talk about tech, startups, and politics.
Politics
According to the New Republic, David Sacks is using his money and influence online to rally conservatives and former leftists to push back against liberal ideas.
Personal Life
On July 7, 2007, Sacks married Jacqueline Tortoris. Now they have two daughters and a son. They have daughters named Isabelle and Georgia and a son named Henry.
Awards & Achievements
| Award Name | Year |
|---|---|
| San Francisco Business Times 40 Under 40, David Sacks | 2011 |
| Workforce Management Game Changers Award, David Sacks | 2011 |
| San Francisco Business Times Bay Area’s Most Admired CEOs | 2011 |
David Sacks on Twitter
On Twitter, he shares business tips and ideas. He hosts the ‘All In’ podcast with friends, where they talk about tech, startups, and politics. He has around 728K followers on Twitter.
He has previously advised Elon Musk. If you want to know what he thinks about technology and politics, follow him on Twitter @DavidSacks.
