Jack Dorsey net worth, Biography, Family Assets
Jack Dorsey is an American entrepreneur and computer programmer who is best known as the co-founder and CEO of Twitter, a popular social media platform. Dorsey was born on November 19, 1976, in St. Louis, Missouri, and grew up in a Catholic family.
Dorsey was interested in computers and programming from a young age, and he began writing software in his teenage years. He attended the University of Missouri–Rolla for a short time before dropping out to pursue his career in programming.
In 2006, Dorsey co-founded Twitter with Biz Stone and Evan Williams. The platform quickly gained popularity and has since become one of the most widely used social media platforms in the world. Dorsey served as CEO of Twitter until 2008, when he was replaced by Williams, but he returned to the role in 2015.
In addition to his work with Twitter, Dorsey is also the co-founder and CEO of Square, a mobile payment company. He has been involved in several other technology startups as well, including the now-defunct podcasting platform Odeo.
Dorsey is known for his interest in meditation and mindfulness, and he has spoken publicly about the benefits of these practices for managing stress and improving mental health. He is also an advocate for cryptocurrency and has expressed his belief that it has the potential to revolutionize the way we think about money and finance.
Biography
Jack Dorsey is an American entrepreneur and computer programmer who was born on November 19, 1976, in St. Louis, Missouri. He grew up in a Catholic family and attended Bishop DuBourg High School in St. Louis.
Dorsey was interested in computers and programming from a young age, and he began writing software in his teenage years. He attended the University of Missouri–Rolla for a short time before dropping out to pursue his career in programming.
Dorsey's early career included several technology startups. In 2000, he co-founded a company called AudioBiz, which aimed to help musicians sell their music online. However, the company was not successful, and Dorsey moved on to other ventures.
In 2006, Dorsey co-founded Twitter with Biz Stone and Evan Williams. The platform quickly gained popularity and has since become one of the most widely used social media platforms in the world. Dorsey served as CEO of Twitter until 2008, when he was replaced by Williams. However, he returned to the role in 2015 and served as CEO until 2021.
In addition to his work with Twitter, Dorsey is also the co-founder and CEO of Square, a mobile payment company. Square provides small businesses with the ability to accept credit card payments using a small device that attaches to a smartphone or tablet. The company has been highly successful and is now valued at more than $100 billion.
Dorsey has been involved in several other technology startups as well, including the now-defunct podcasting platform Odeo. He is also an advocate for cryptocurrency and has expressed his belief that it has the potential to revolutionize the way we think about money and finance.
Dorsey is known for his interest in meditation and mindfulness, and he has spoken publicly about the benefits of these practices for managing stress and improving mental health. He is also a philanthropist and has donated millions of dollars to various charitable causes, including COVID-19 relief efforts.
Despite his success, Dorsey has been a controversial figure at times. He has faced criticism for his handling of harassment and hate speech on Twitter, and there have been calls for him to step down as CEO. Additionally, Dorsey has been criticized for his involvement with the far-right social media platform Parler, which was accused of allowing violent and extremist content on its platform.
Family
Jack Dorsey was born and raised in St. Louis, Missouri, as the son of Tim and Marcia Dorsey. He has a younger brother named Andrew. Dorsey's father worked for a company that developed mass spectrometers, while his mother was a homemaker.
Dorsey's family was Catholic, and he attended Catholic schools as a child. He has spoken publicly about the influence of his Catholic faith on his life, and he has described himself as a "failed monk" due to his interest in meditation and mindfulness practices.
Dorsey is also a proponent of family values and has spoken about the importance of spending time with loved ones. He has credited his parents with instilling in him a strong work ethic and a sense of responsibility.
Dorsey is not known to be married or to have children as of the time of writing, and he generally keeps his personal life private.
Net worth
As of my knowledge cutoff in 2023, Jack Dorsey's net worth was estimated to be around $12.5 billion, according to Forbes. Most of his wealth comes from his holdings in two companies that he co-founded: Twitter and Square.
Dorsey was one of the youngest billionaires in the world when Twitter went public in 2013, and he has continued to be one of the wealthiest people in the technology industry. In addition to his work with Twitter and Square, Dorsey is also a significant investor in other technology startups.
It's important to note that net worth can fluctuate over time based on a variety of factors, including changes in the value of assets and investments.
Assets
As of my knowledge cutoff in 2023, Jack Dorsey's assets were primarily tied up in his holdings in two companies that he co-founded: Twitter and Square.
Dorsey owns approximately 2.3% of Twitter's outstanding shares, which was valued at around $1.4 billion as of early 2021. He also owns around 13% of Square's outstanding shares, which was valued at more than $10 billion in early 2021.
In addition to his holdings in these two companies, Dorsey is also a significant investor in other technology startups. He has invested in a range of companies, including cryptocurrency-related ventures.
Dorsey has been known to live a relatively modest lifestyle compared to some other billionaires, and he has previously said that he does not own a home. Instead, he has said that he prefers to travel and stay in different places.
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