You must have heard of people becoming rich in different ways. This can be through talent, business or job. Jack Dorsey is overly rich. He rolls in billions of dollars. I wonder what you would do if you were in his position. But just how did he manage to amass such prodigious amount wealth that has made his net worth so huge?
Jack Dorsey Net Worth - $2.3 billion
Birth Name - Jack Dorsey
Date of birth - November 19, 1976
Zodiac Sign - Scorpio
Birth Place - St. Louis, Missouri, United States
Nationality - American
Height - 5' 11"
Profession - Programmer and entrepreneur;
Born on 20th November 1976 at St Luis Missouri in the US, the 39 year old American programmer, innovator and businessman has made so much money than what many of us can ever imagine making in a life time. He is the co-founder and CEO of Twitter, a social media site and Square, a mobile payment company. According to Forbes report, Jack Dorsey net worth stands at a whopping $2.2 billion.Let see how he has made his cash.
He started his own company in the year 2000. This company offered various services including dispatching couriers, taxis and emergency services from the web. He started networks of medical devices and what was termed as a frictionless service market. As earl ads 2000, Jack Dorsey was already making colossal amounts of money in his business. This had a positive contribution to his net worth.
As business man, has also acquired Caviar, an online ordering startup.
Founder and C.E.O Twitter
Jack Dorsey is the co-founder of Twitter, a popular social media site that is used by many people especially celebrities and corporate companies all over the world. He came up with the Twitter idea in New York University while he was working on dispatching as a programmer before dropping out in 1999 to pursue his career as an entrepreneur.
Twitter began generating excess revenue. Later on Jack Dorsey described commercial use of Twitter and its API s two important things that had to be paid. Today Twitter has largely been commercialese generating a lot of money on daily basis. This explains why he his net worth is huge.
Most of his wealth came from Twitter’s IPO. According to Business Insider’s report, he became a billionaire for the first time in the year 2012. His fortune tremendously grew in November 2013 when Twitter had its first initial public offering. Amazingly, the stock began at just $ 26 per share and rose to an outstanding $ 45 in its first day of trading.
C.E.O of Square
Square was a business platform that was developed by him to accept debit and credit payments on a device called Square which bears the name of the company. It was officially launched in 2010. Square device allows one to choose the amount you want to send to the recipient and then sign your name to confirm payment. It also enables sending of paperless receipts via text messages or email.
Owing to the huge profit that his company was making, it grew from 10 employees in 2010 to 100 in 2011. The Business Insider Magazine valued Jack Dorsey Square company at record breaking $3.2 billion. The overall success of his company has contributed to his overwhelming net worth.
He has also participated as a judge in competitions involving technology owing to his career as a programmer and generally as a skilled innovator. For instance, he served as a judge for New York City mayor Michael’s Bloomberg’s New York City Big Apps completion in 2011. He earned some good amount of money for this very important role.
Member of Board of Directors-Walt Disney Company
On December 2013, he was announced as a board member of this prestigious company. In the press release, he was described as a talented entrepreneur. The announcement stated that his experience was aligned with the company’s strategic priorities. This position has continued to earn him a lot of money thus explaining his ever increasing net worth.
This outstanding entrepreneur owns a $ 9.9 million seaside home in an exclusive neighborhood in Francisco.
In conclusion, it is interesting how Jacky Dorsey dropped out of the university only to become much successful. Determination coupled with his strong innovative and entrepreneurial skills made him to succeed immensely. In 2012, The Wall Street Journal named him as the innovator of the year. Back in 2008, he was listed among the top 35 innovator s in their entire world. He is indeed a big inspiration to budding innovators and entrepreneurs. What a rich man!