David Sacks Net Worth 2024: A Journey to Financial Success Through Entrepreneurship and Investment

David Sacks Net Worth 2024
$800 million

David Sacks Net Worth 2024

In 2024 David Sacks Net worth value of $800 million, is a successful entrepreneur, investor, and author. He co-founded Craft Ventures, a venture capital fund, in late 2017, where he now holds the position of general partner. Alongside Jason Calacanis, David Friedberg, and Chamath Palihapitiya, Sacks is also known for co-hosting the popular All In podcast.

Before his current ventures, Sacks made significant contributions to the tech industry. He founded Yammer and served as its CEO. Before that, he played key roles at PayPal, serving as COO and leading product development. In 2016, he stepped in as the acting CEO of Zenefits for ten months.

Sacks is also recognized for his angel investments in companies like SpaceX, Palantir Technologies, Facebook, Uber, and Airbnb. His diverse portfolio reflects his keen eye for innovative technologies and promising startups.

What is David Sacks Net Worth 2024?

What is David Sacks Net Worth 2024?

David Sacks net worth currently stands at over $800 million, a testament to his successful career path. He began his journey as a product manager at PayPal, a role that proved pivotal as PayPal was later acquired by eBay in 2002. Building on this early success, Sacks continued to excel in leadership positions at various technology companies, further solidifying his financial standing.

With a track record of success in entrepreneurship and tech leadership, Sacks’ net worth is expected to keep growing. This year alone, his net worth could surpass $300 million, driven by smart investments and ongoing entrepreneurial ventures. Sacks is known to invest a significant portion of his wealth in tech startups and other ventures, a strategy that has consistently paid off and is likely to continue doing so.

In essence, David Sacks is not just a figure in the tech industry; he is a trailblazer whose foresight and ability to seize opportunities have propelled him to great financial heights. His net worth is a reflection of his dedication to innovation and his knack for spotting lucrative ventures in the ever-evolving tech landscape.

Why is David Sacks So Rich?

David Sacks wealth can be attributed to his investment strategy, which focuses on high-growth companies and selecting the right opportunities to maximize returns. He looks for startups with the potential to disrupt industries and offer unique products or services, believing that these are the keys to long-term success.

Sacks also emphasizes the importance of diversification, spreading investments across various assets to reduce risk. Additionally, he practices “value investing,” which involves purchasing undervalued stocks with the expectation of significant returns as the stock price rises. This approach has proven successful for Sacks, attracting the interest of many investors seeking to grow their wealth wisely.

How Did David Sacks Make His Money?

How Did David Sacks Make His Money?
How Did David Sacks Make His Money?

David Sacks amassed his wealth through a combination of entrepreneurial ventures and strategic investments. His journey to riches began with PayPal, where he played a pivotal role as Chief Operating Officer and later CEO, gaining valuable experience and connections within the tech industry.

After leaving PayPal, Sacks founded Geni.com, a genealogy website, and later became involved in Yammer, an enterprise social network. Both companies were acquired by Microsoft in 2012, earning Sacks a substantial sum. He also ventured into the film industry, executive producing the Golden Globe-winning movie Thank You for Smoking.

Sacks’ success continued with his venture capital activities. He co-founded Craft Ventures, a firm focusing on early-stage investments in technology startups. Through Craft Ventures, Sacks invested in numerous successful companies including Uber and Airbnb, solidifying his reputation as a savvy investor in the tech sector.

Additionally, Sacks founded Zenefits, an HR SaaS platform, and played a key role in its growth. His investments in companies like Uber, Airbnb, SpaceX, and Coinbase have further contributed to his wealth and influence in the tech industry.

Overall, David Sacks’ ability to identify promising opportunities and his deep understanding of the tech landscape has been instrumental in his financial success. His entrepreneurial spirit and strategic investments continue to shape the future of technology and business.

Wiki/ Bio of David Sacks

Full/Real name David Oliver Sacks 
NicknameDavid Sacks
Birth date May 25, 1972
BirthplaceCape Town, South Africa
Age (As of 2024)52 years old
Zodiac SignGemini
Sexual OrientationStraight
Marital statusMarried
SpouseJacqueline Tortorice
Children3) Two Daughters & a Son
DaughtersIsabelle & Georgia
Famous ForFormer CEO of Zenefits, former COO of PayPal, and CEO of Yammer
Eye colorBlack
Hair colorDark Brown
EducationStanford University (Bachelor of Arts in Economics, 1994)
QualificationB.A. in Economics from Stanford University, and a J.D. from the University of Chicago.
ProfessionAmerican Entrepreneur, Investor, and Tech Executive

David Sacks Early Life And Education

David Sacks Early Life And Education

David Sacks, whose full name is David Oliver Sacks, came into the world on May 25, 1972, in the vibrant city of Cape Town, South Africa. However, his story took a turn when his family decided to relocate to Tennessee, USA, where he spent his formative years. This early exposure to different cultures and environments likely influenced his future endeavors.

Sacks’ academic journey reflects his intellectual curiosity and determination. He pursued a degree in economics at Stanford University, a renowned institution known for its innovative approach to education. His passion for learning led him to the University of Chicago Law School, where he earned a Doctor of Law degree, further enriching his knowledge and skills.

These early experiences and academic achievements laid the foundation for Sacks’ future success as an entrepreneur and investor. They shaped his perspective and instilled in him the drive to excel in whatever path he chose to pursue

David Sacks Career

David Sacks Career

Early Career at PayPal

David Sacks began his career at McKinsey & Company before joining PayPal in 1999 as its first Chief Operating Officer (COO). During his tenure at PayPal, Sacks oversaw significant growth, with the company’s annual revenue exceeding $200 million within three years. eBay later acquired PayPal for $1.5 billion in 2002, cementing Sacks’ reputation as a key player in the tech industry.

Venturing into Entrepreneurship

After leaving PayPal, Sacks ventured into entrepreneurship, launching Yammer in 2008. Yammer quickly became one of the fastest-growing SaaS tools in history, leading to its acquisition by Microsoft in 2012 for $1.2 billion. In 2006, Sacks also created Geni.com, which MyHeritage later acquired in 2012, further solidifying his status as a successful entrepreneur.

Stabilizing Zenefits and Introducing Z2

In 2014, Sacks joined Zenefits as interim CEO during a challenging period for the company. He played a crucial role in stabilizing Zenefits and introduced Z2, an HR SaaS product that was later recognized as one of the best HR software products in the market by PC Magazine.

Co-Founding Craft Ventures

In 2017, Sacks co-founded Craft Ventures, a venture capital firm that manages assets worth nearly $2 billion. Craft Ventures primarily invests in SaaS companies, reflecting Sacks’ continued interest and success in the tech industry.

Podcasting and Social Media Presence

Beyond his entrepreneurial ventures, Sacks is active in podcasting and social media. He co-hosts the popular ‘All-In’ podcast, discussing topics ranging from venture capital to tech and politics. Sacks also launched Callin, a ‘social podcasting’ app, and remains active on Twitter, sharing insights and engaging with his audience.

David Sacks Personal Life

David Sacks Personal Life
David Sacks And Jacqueline Tortorice

David Sacks tied the knot with Jacqueline Tortorice in 2007, and together they are proud parents to two daughters, Chloe and Kelly, and one son, Andrew. Their family currently calls Chicago home, where they enjoy a fulfilling family life together.

Who is Jacqueline Tortorice?

Jacqueline Tortorice is a prominent figure whose connection to David Sacks, the renowned founder of Yammer, has captured public attention. She maintains a visible presence on popular social media platforms, including Facebook, Instagram, and Twitter, where she engages with her audience. Her profiles offer insights into her life and interests, providing a glimpse into her personality beyond her professional endeavors.

Apart from her online presence, Jacqueline Tortorice can be found on people search websites such as PeekYou, Radaris, and Spokeo, where more information about her is available. Reportedly, Jacqueline practices law, indicating her commitment to a career rooted in legal expertise. Her involvement in the legal field suggests a dedication to justice and advocacy, adding depth to her public persona.

David Sacks Children

David Sacks Children

David Sacks, a thriving entrepreneur and investor, is happily married to Jacqueline Tortorice. They are the proud parents of three wonderful children and call San Francisco, California, their home. Jacqueline, originally from New York City, is a dedicated homemaker.

Their eldest daughter, Isabelle, was born in 2009, followed by Georgia in 2011, and their son, Henry, in 2014. David is a man of many talents; he co-founded and serves as a partner at Craft Ventures, a renowned venture capital firm. Additionally, he is an accomplished author, having penned the book “The Startup Owner’s Manual.”

The Sacks family prioritizes privacy but remains actively engaged in their community, extending a helping hand to various charitable causes. Their commitment to making a difference is a testament to their values and character.

David Sacks Elon Musk Friendship

David Sacks Elon Musk Friendship

David Sacks and Elon Musk share a close friendship that extends beyond their professional endeavors. Sacks’ early investment in Tesla, along with his seat on the board from 2004 to 2008, reflects his deep involvement and support for Musk’s ventures. Their friendship is rooted in mutual respect and admiration, as they both continue to make significant impacts in the tech and innovation sectors.

How David Sacks Grew His Net Worth?

How David Sacks Grew His Net Worth?

David Sacks’ net worth has been influenced by his strategic investment approaches. He has a keen eye for high-growth companies, focusing on opportunities that can disrupt industries or offer unique products or services. This strategy has allowed him to capitalize on emerging trends and innovations, leading to substantial returns on his investments.

Diversification is another key element of Sacks’ strategy. By spreading his investments across various assets, he reduces the risk of significant losses in any one area. This approach helps him maintain a balanced portfolio and protect his wealth against market fluctuations.

Additionally, Sacks’ advocacy for value investing has been instrumental in increasing his net worth. By identifying undervalued stocks and investing in them, he positions himself to benefit from their potential growth in the future. This patient’s approach to investing aligns with his long-term vision and has contributed to his overall financial success.

David Sacks Investments & Achievements

Notable RolesCOO of PayPal, Founder of Yammer, General Partner at Craft Ventures
Key InvestmentsFacebook, Twitter, Airbnb, SpaceX
PhilanthropyAn Active supporter of various non-profit organizations and causes
BooksThe Diversity Myth

David Sacks has built a diversified and progressive portfolio, with investments in large corporations that demonstrate his investment acumen. His recent focus on blockchain, finance, and health-tech startups reflects his forward-thinking approach to technology. Additionally, Sacks utilizes real estate as part of his investment strategy, owning several homes in desirable areas for increased wealth and financial security.

Beyond his financial achievements, Sacks is renowned for his charitable activities, further enhancing his legacy by funding initiatives with the potential for significant societal impact. His roles as the COO of PayPal, founder of Yammer, and General Partner at Craft Ventures have solidified his reputation as a key player in the tech and investment industries. His key investments in companies like Facebook, Twitter, Airbnb, and SpaceX highlight his ability to identify and capitalize on high-growth opportunities.

David Sacks Awards

David Sacks Awards
2012San Francisco Business Times 40 Under 40
2011Workforce Management Game Changers Award
2011San Francisco Business Times Bay Area’s Most Admired CEOs

Throughout his career, David Sacks has received several prestigious awards. In 2012, the San Francisco Business Times honored him as one of the 40 Under 40, highlighting his achievements and impact in the business world at a relatively young age. The following year, in 2011, he received the Workforce Management Game Changers Award, recognizing his innovative contributions to workforce management practices.

Additionally, in the same year, the San Francisco Business Times named him one of the Bay Area’s Most Admired CEOs, further solidifying his reputation as a respected leader in the business community. These awards reflect Sacks’ ongoing commitment to excellence and innovation in his professional endeavors.

David Sacks Cars And Private Jet

Ferrari 488High-performance sports car
Porsche 911Luxury sports car
Tesla Model SElectric luxury sedan
Gulfstream G550Long-range private jet

David Sacks is an avid car enthusiast with a notable collection that includes a Ferrari 488, known for its high performance and sleek design, a Porsche 911, a classic luxury sports car, and a Tesla Model S, an electric luxury sedan known for its innovative technology and environmental friendliness.

In addition to his love for cars, Sacks is also the owner of a Gulfstream G550 private jet, a prestigious aircraft known for its long-range capabilities and luxurious amenities. The G550 allows Sacks to travel comfortably and efficiently, offering features such as a bed, shower, and entertainment system. This private jet is a valuable asset for Sacks, enabling him to travel quickly and conveniently for both business and personal purposes.

David Sacks on Twitter X

David Sacks is a prominent figure in the tech and investment spheres, recognized for his libertarian views. On his Twitter account, he frequently discusses topics such as freedom, open markets, and the importance of reducing government control. Sacks’ insights and perspectives on these issues have garnered him a significant following and influence in these fields.

One noteworthy aspect of Sacks’ Twitter presence is his past advisory role to Elon Musk on policy-related matters. This collaboration highlights Sacks’ standing as a respected voice in the tech industry, with his opinions carrying weight among industry leaders. Stay informed about his thoughts on tech, politics, and other relevant topics by following him on Twitter at @DavidSacks.

David Sacks Podcast “All In”

David Sacks is the host of the engaging and informative “All In” podcast, where he brings together a diverse range of guests, including entrepreneurs, investors, and experts, to delve into compelling discussions. With a focus on venture capital, tech, the economy, startups, and politics, the podcast offers listeners a valuable opportunity to gain insights and perspectives from leading figures in these fields.

The “All In” podcast has become incredibly popular, drawing in over a million monthly downloads. This impressive reach is a testament to the quality of content and the relevance of the topics discussed. For anyone seeking to stay informed and inspired by thought-provoking conversations, “All In” is a must-listen. It covers a range of topics, from the latest trends in technology to the intricacies of business strategy and the impact of politics on the economy.

If you’re seeking a podcast that combines entertainment with valuable insights, “All In” is the perfect choice. Tune in to join David Sacks and his guests as they explore the forefront of innovation and share their perspectives on the ever-evolving landscape of venture capital, tech, and beyond.

David Sacks Angel investments

David Sacks Angel investments
Angel Investments
Palantir Technologies

David Sacks has made a significant impact as an angel investor, backing numerous successful technology companies over the past two decades. His investments include well-known names such as Airbnb, Facebook, SpaceX, and Uber, among others. Sacks’ keen eye for promising startups and his ability to identify companies with disruptive potential has earned him a reputation as a savvy investor in the tech industry. His portfolio reflects a diverse range of sectors, including finance, transportation, e-commerce, and software, highlighting his willingness to explore innovative ideas and support emerging technologies.

David Sacks Philanthropy

David Sacks not only focuses on achieving financial success but also on making a meaningful impact through philanthropy.

Although the specifics of his charitable contributions are not extensively documented, it is evident that he dedicates himself to supporting various causes and organizations. This commitment to giving back highlights Sacks’ belief in the importance of using his resources to make a positive difference in the world.

By actively contributing to charitable endeavors, Sacks demonstrates a sense of social responsibility and a desire to help those in need. While he may not seek recognition for his philanthropic efforts, his contributions undoubtedly have a significant impact on the communities and causes he supports. Sacks’ approach to philanthropy serves as a reminder of the importance of giving back and using one’s success to benefit others.

Favorite quotes by David O. Sacks

Favorite quotes by David O. Sacks

Here are some of David O. Sacks’ favorite quotes:

  1. On the potential of bitcoin: “After PayPal, I never thought I would get interested in payments again. But bitcoin is fulfilling PayPal’s original vision to create the new world currency.”
  2. On the programmability of money: “Money is being made programmable. That’s a fundamental change with implications we can still barely see.”
  3. On finding outliers: “Finding the outliers, the things that don’t neatly fit into the patterns, is another form of feedback.”
  4. “The big development since the emergence of Bitcoin itself is that developers have turned the underlying enabling technology, the blockchain, into a platform.”
  5. On currency: “In its purest form, currency is confidence.”
  6. On Zenefits’ journey: “Zenefits has made mistakes, but it never lost its product-market fit.”
  7. On startup skills: “Hierarchy of startup skills in ascending order: business, technical, product or design, and growth.”
  8. On scalability: “Scalability has been a high-class problem that occurs because a new technology gains rapid adoption.”
  9. On managing time: “What you want to do as a manager is focus on the activities that are highest leverage.”
  10. On resource constraints: “Usually, the most important resource, that is most limited, is not money but time. That’s usually the biggest constraint that we have.

Amazing Facts About David Sacks

Amazing Facts About David Sacks
  1. David Sacks’ estimated net worth is over $800 million.
  2. He has been successful as an entrepreneur, investor in internet technology companies, and author.
  3. Sacks co-founded Craft Ventures, a venture capital fund, in late 2017, where he serves as a general partner.
  4. He was the first Chief Operating Officer (COO) of PayPal, contributing significantly to its growth and eventual acquisition by eBay for $1.5 billion in 2002.
  5. Sacks focuses on high-growth companies and unique opportunities to maximize returns in his investment strategy.
  6. He co-hosts the “All In” podcast, discussing venture capital, tech, economy, startups, and politics.
  7. Sacks’ entrepreneurial ventures include launching Yammer, acquired by Microsoft for $1.2 billion in 2012, and creating Geni.com, acquired by MyHeritage in 2012.
  8. He played a key role in stabilizing Zenefits as interim CEO and introduced Z2, an HR SaaS product, recognized by PC Magazine as one of the best in the market.
  9. Sacks is a prolific investor, with early investments in companies like SpaceX, Palantir Technologies, Facebook, Uber, and Airbnb.
  10. He is active on social media, sharing his views on tech, investment, and politics, and has advised Elon Musk on policy-related issues.

David Sacks Social Media Accounts

Social MediaFollowersLink
Twitter728.2KClick here
YouTube383KClick here

David Sacks maintains a strong presence on social media, with a significant following on platforms like Twitter and YouTube. On Twitter, he has amassed a following of 728.2K, where he shares his thoughts and insights on various topics, including technology, investment, and politics. You can follow him on Twitter @DavidSacks to stay updated on his latest updates.

Additionally, Sacks has a YouTube channel with 383K subscribers, where he likely shares videos related to his interests and expertise. You can check out his YouTube channel here for more content.

Wrapping Up

David Sacks, with an estimated net worth exceeding $800 million, is a highly successful entrepreneur, investor, and author. He co-founded Craft Ventures in 2017, a venture capital fund where he serves as a general partner. Sacks’ career highlights include being the first COO of PayPal, contributing significantly to its growth, and eventual acquisition by eBay for $1.5 billion.

His investment strategy focuses on high-growth companies and unique opportunities to maximize returns. Sacks is also a co-host of the popular “All In” podcast, discussing a wide range of topics including venture capital, tech, economy, startups, and politics.

People Also Ask (FAQs)

1. Who is David Sacks net worth?

David Sacks has an estimated net worth of $800 million. He is a tech entrepreneur and investor, known for his role as the former COO of PayPal and his current position as the co-founder and general partner at Craft Ventures, a venture capital fund that has provided early-stage funding for SaaS startups such as ClickUp, OpenPhone, and Sourcegraph.

2. Does David Sacks have kids?

David Sacks married Jacqueline Tortorice, and they have two daughters and one son.

3. What is David Sacks invested in?

David Sacks has invested in over 20 unicorns, including Affirm, Airbnb, ClickUp, Eventbrite, Facebook, Houzz, Lyft, Opendoor, Palantir, Postmates, Reddit, Slack, SpaceX, Twitter, Uber, and Wish. He first entered the technology industry in 1999 when he joined the early-stage startup Confinity, which later became PayPal.

4. Where did David Sacks get his money?

David Sacks has amassed his wealth through various successful ventures. He is the founder and former CEO of Yammer, which was acquired by Microsoft for $1.2 billion. Additionally, he was part of the original team at PayPal and has been an angel investor in companies like Facebook, Airbnb, and SpaceX.

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