David Sacks is a notable American entrepreneur and venture capitalist who founded many cutting-edge technological firms. Sacks’ net worth has grown significantly during his entrepreneurial journey, which has included both successes and setbacks. David Sacks’ previous and current commercial operations, strategic investments, and diversified revenue streams will be examined in this article to estimate his net worth in 2024.
Who Is David O. Sacks?
David O. Sacks, a famous businessman and venture capitalist, has shaped successful American businesses in the recent decade. He rose to prominence in 1999 with his pivotal role at PayPal, where he contributed to the company and formed a meaningful relationship with co-founder Peter Thiel, joining the PayPal Mafia, a group of billionaires. After eBay bought PayPal in 2002, Sacks had a successful solo business career. He founded several successful companies, including Geni.com and Yammer, which were bought by larger companies. A dynamic journey of innovation and smart business acumen began.
David Sacks Net Worth in 2024:
David Sacks is a billionaire with a $1 billion net worth in 2024. Famous for his business empire, his wealth is the result of smart investments. In 2012, he sold Yammer to Microsoft for $1.2 billion, a major financial milestone. This deliberate move demonstrated his financial acumen and established him as a tech sector leader.
After becoming an entrepreneur, Sacks made critical investments that helped Airbnb, SpaceX, and Uber succeed. He has millions in shares in these major companies, going beyond financial backing. Sacks have also capitalized on his experience and views by giving powerful lectures to various programs for a high charge. David Sacks, a seasoned investor and business leader, continues to shape profitable businesses and strategic financial endeavors.
David Sacks Quick Information:
| Full Name | David Oliver Sacks. |
| Nick Name | David O. Sacks. |
| Date of Birth | May 25, 1972. |
| Birth Place | Cape Town, South Africa. |
| Age | 51 years. |
| Zodiac Sign | Gemini. |
| Nationality | South African, American. |
| Religion | Jewish. |
| Famous For | Former CEO of Zenefits, former COO of PayPal, and CEO of Yammer. |
| Profession | American Entrepreneur, Investor, and Tech Executive. |
| Alma Mater | Memphis University School. |
| Qualification | B.A. in Economics from Stanford University, and a J.D. from the University of Chicago. |
| Height | 6 Feet 1 Inch (approx). |
| Weight | 70 Kg (approx). |
| Maritral Status | Married. |
| Spouse | Jacqueline Tortorice (m. 2007). |
| Children | Two Daughters and One Son. |
| Net Worth | $1.5 Billion (Approx). |
Early Life
In 1972, David Sacks was born in Cape Town, South Africa, to a “middle-class” family. His childhood changed when his family moved to Memphis, Tennessee, setting the stage for his academic and athletic success at Memphis University School. Sacks studied economics at Stanford University and graduated with honours in 1994 after excelling in school and sports. This scholastic journey represented a personal milestone and laid the groundwork for his future leadership and entrepreneurship.
Sacks’ career showed his adaptability after college. He gained a deep awareness of the ever-changing technological landscape while working in management consulting at McKinsey & Company and representing technology businesses at Wilson Sonsini Goodrich & Rosati. David Sacks’ academic background and diversified career experiences helped him make significant contributions to the tech industry, making him a prominent leader and entrepreneur.
Age:
Successful businessman David Sacks was born on May 25, 1972. Now 51, he has a plethora of experience and a vibrant trajectory through entrepreneurship and venture capitalism. He has made a career of business contributions, and his birthdate marks that.
Education
Tennessee native David Sacks attended Memphis University. He studied at Stanford University after earning a BA in economics in 1994. While studying economics at Stanford, Sacks earned honours. His study continued at the University of Chicago Law School, where he earned a J.D. in 1994–1997. His varied educational background prepared him for leadership and entrepreneurship.
Body Measurement
| Height | 5 Feet 10 Inches |
| Weigh | 70Kg |
| Body Type | Normal or slim body |
| Hair Colour | Black |
| Eyes Colour | Black |
| Sexual Orientation | Straight |
| Ethnicity | Mixed |
| Skin Colour | Lite White |
| Body Measurements | Soon Update |
Perents, Siblings
Samuel Sacks, a “Doctor” and endocrinologist, is David’s father. His mother was a famous female surgeon, Muriel Elsie Landau. David Sacks’ siblings are unknown, however, his family has a medical history.
David Sacks is active on social and commercial media. Despite his online presence, he keeps his siblings’ details hidden, focusing on his business efforts. David Sacks’ complex history is shaped by his family’s medical and professional success.
Career
Former Yammer CEO David Sacks is known for his IT leadership. As an author and tech investor, Sacks has shaped technology-driven companies beyond his leadership job. Co-founding Craft Ventures, a stage venture fund, he has furthered his impact by helping nascent businesses grow strategically. Sacks also co-hosts the All-In Podcast, discussing tech and business topics. His technology investments demonstrate his dedication to innovation and industry involvement. Sacks received the Workforce Management Game Changers Award in 2011, cementing his role as an IT and entrepreneurship pioneer.
PayPal
He boosted his career as PayPal’s COO. In this job, David Sacks guided the business’s operations, demonstrating his strategic acumen and helping PayPal become a top online payment company.
- Sales and Marketing
- Customer Services
- Business Development Ideas
- International relations for more growth
- Product Management and Design
Yammer
David Sacks created “Geni,” a communication platform that encourages employee participation through knowledge exchange, in 2006. Two years later, in 2008, he transformed this programme into “Yammer.” As a single firm, Yammer has become a leader in secure worldwide corporate communication and collaboration. Yammer is one of the fastest-growing SAAS providers, demonstrating its impact on modern business communication platforms.
Angel Investments
David Sacks elevated his career by investing a large chunk of his wealth in technological companies. This prudent financial approach helped him build wealth and established him as a discerning investor in the fast-changing technology sector.
- Affirm
- Clutter
- Gusto
- Uber
- Intercom
- PayPal
- Scribd
- Third Love
- Research Gate
Personal Life
In his personal life, David Sacks prioritises family, philanthropy, and community. He has three children with Jacqueline Tortorice, a businesswoman and investor. They live in San Francisco’s Silicon hub, which is full of invention and life.
Sacks purposely keeps his personal life private, but his long-term relationship shows his deep dedication to family values. Sacks applies his love of education and giving beyond family. His co-founding of Code for America, a nonprofit that uses technology to better civic life, shows his dedication to leveraging his skills for good.
Besides civic development, Sacks enriches culture. He is a member of the Los Angeles County Museum of Art board of directors, demonstrating his passion for promoting the arts and improving local and global communities.
David Sacks’ Interests and Hobbies
When not leading strategic investments and creating the technology environment, David Sacks enjoys his hobbies. His remarkable automotive collection shows his affinity for luxury and high-performance cars.
His collection includes a Ferrari 488, Porsche 911, and Tesla Model S. These carefully selected vehicles represent Sacks’ refined taste for high craftsmanship and cutting-edge engineering, as well as his success and wealth. His collection shows the fruits of his labour and entrepreneurial success.
David Sacks and his wife, Lisbeth Claus, have two children and discuss their journey in private. Sacks purposely keeps his personal life private, but his passion to his family and his desire to give them a good life shows through.
David Sacks’ Car Collection
| Car Model | Description |
| Ferrari 488 | A high-performance sports car known for its sleek design and powerful engine. |
| Porsche 911 | An iconic sports car that combines style, performance, and technology. |
| Tesla Model S | An electric luxury sedan that represents Sacks’ interest in cutting-edge technology and sustainability. |
David Sacks’ collection of cars shows his sophisticated taste for luxury and persistent appreciation for life’s finer things. These automobiles represent his victories and the concrete results of years of hard work. Each car in his collection symbolises his entrepreneurial success and perseverance. Sacks enjoys driving and expresses his success through his carefully chosen luxury cars.
David. O. Sacks Awards:
As a successful entrepreneur, David Sacks has won many major honors. His honors include:
- 40 Under 40, San Fransisco Business Times
- Game Changer Award, Workforce Management
- Bay Area’s Most Admired, San Fransisco Business Times
Social Media Accounts
| N\A | |
| Soon To Update | |
| @DavidSacks (725K followers) | |
| YouTube | All-In Podcast (419K Subscribers) |
| Wikipedia | David-O-Sacks |
FAQs About David Sacks’ net worth:
How much is David Sacks worth in 2024?
David Sacks is worth $1.5 billion in 2024.
What is David Sacks’ career hallmark?
Former Zenefits CEO, PayPal COO, and Yammer CEO David Sacks is well-known. He is an accomplished tech executive, investor, and entrepreneur.
What are David Sacks’ notable investments?
Among others, David Sacks has invested in Airbnb, SpaceX, Uber, Affirm, Clutter, and Gusto, and Facebook.
What’s David Sacks’ education?
David Sacks earned a B.A. in Economics from Stanford University after attending Memphis University. The University of Chicago awarded him a J.D.
Who is David Sacks’ wife and how many kids?
David Sacks and Jacqueline Tortorice have two girls and one son and are happily married.
David Sacks’ hobbies and interests?
David Sacks owns a Ferrari 488, Porsche 911, and Tesla Model S in addition to his lucrative career. Philanthropy, family, and community involvement are among his priorities.
What honours has David Sacks received?
The San Francisco Business Times’ “40 Under 40” list, the Game Changer Award for Workforce Management, and Bay Area’s Most Admired list honor David Sacks’ distinguished career. These awards recognize his business and tech influence.
Conclusion:
David Sacks, a successful entrepreneur and venture capitalist, has shaped the technology industry. Sacks has shaped the tech scene from his early stint at PayPal to co-founding Geni.com and Yammer. His extensive investments in Airbnb and SpaceX have increased his wealth. Beyond his career success, Sacks is committed to family, philanthropy, and community engagement, as shown by his Code for America participation. Sacks’ life smoothly mixes his outstanding financial skills with his particular personal hobbies, as shown by his impressive vehicle collection.
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