David Sacks Net Worth
$200 million
David O. Sacks is a renowned figure in the tech sphere, known for his remarkable entrepreneurial acumen and astute investment strategies. Throughout his extensive career, Sacks has been instrumental in shaping the technology landscape, leaving an enduring imprint on numerous startups and ventures. His journey in the industry spans decades, marked by a series of triumphs that have garnered him widespread acclaim and respect.
With a sharp eye for innovation and a talent for spotting lucrative opportunities, Sacks has not only established himself as a prominent figure but has also accumulated significant wealth. Through calculated investments and bold entrepreneurial ventures, he has cemented his position as a trailblazer and visionary in the tech community. As he continues to navigate the ever-evolving tech landscape, David O. Sacks remains at the forefront of groundbreaking developments, demonstrating his unwavering dedication to innovation and achievement.
David Sacks Net Worth and How much is David Sacks Net Worth
David O. Sacks, a prominent figure in the tech industry, boasts an estimated net worth of $200 million, showcasing his success as both an entrepreneur and investor. With a notable background as the former COO of PayPal, Sacks has made significant contributions to the tech world. Currently, he serves as the co-founder and general partner at Craft Ventures, a venture capital fund renowned for its early-stage investments in SaaS startups such as ClickUp, OpenPhone, and Sourcegraph. Sacks’ expertise in identifying promising ventures and providing crucial funding has solidified his reputation as a key player in the startup ecosystem.
In addition to his ventures in the investment realm, Sacks is also known for co-hosting the popular ‘All-In’ podcast. This podcast, which delves into topics ranging from venture capital and technology to the economy and politics, reflects Sacks’ multifaceted interests and insights. Through his various endeavours, Sacks continues to shape the landscape of the tech industry while sharing his knowledge and perspectives with a broader audience, further cementing his status as a respected figure in the field.
David Sacks Wiki/Bio
| Attribute | Details |
| Full Name | David Oliver Sacks |
| Nick Name | David Sacks |
| Gender | Male |
| Country | America |
| Nationality | USA |
| Date of Birth | February 12, 1972 |
| David Sacks Age | 52 years old (As of 2024) |
| Birthplace | Cape Town, South Africa |
| Education | Stanford University (Bachelor of Arts in Economics, 1994) |
| Marital Status | Married |
| David Sacks Wife | Jacqueline Tortorice |
| Profession | A Versatile Entrepreneur and Visionary Thinker, His Dynamic Role in Shaping the Tech Industry, Successful Ventures Like PayPal and Yammer |
| Religion | Christianity |
| Children | (3) Two Daughters & a Son. |
| Daughter | Isabelle & Georgia |
| Son | Henry |
| Birth Sign | Gemini |
| David Sacks Net Worth | $200 million |
David Sacks Early Life and Background
David Sacks, born on May 25th, 1972, originally hails from Cape Town, South Africa. During his childhood, his family relocated to Tennessee, USA, where he spent his formative years. Growing up in Tennessee, Sacks was exposed to a diverse range of experiences and opportunities that would later shape his career and entrepreneurial journey.
Despite the change in scenery, Sacks remained deeply connected to his South African roots, drawing inspiration from his upbringing and cultural heritage. His early exposure to different environments instilled in him a sense of adaptability and resilience, qualities that would serve him well in his future endeavours in the tech industry.
David Sacks Educational Background
He graduated from Stanford University with a degree in economics and later pursued higher education at the University of Chicago Law School, where he earned a Doctor of Law degree. His academic journey reflects a commitment to intellectual rigour and interdisciplinary learning, combining the fields of economics and law to develop a comprehensive understanding of business and legal principles. With a solid educational foundation from two prestigious institutions, he embarked on a career path that would leverage his expertise in both fields.
Armed with his degrees in economics and law, he ventured into the realms of business and entrepreneurship, equipped with a diverse skill set and a passion for innovation. His educational background provided him with the analytical tools and legal acumen necessary to navigate the complexities of the business world, laying the groundwork for his future success as a tech entrepreneur and investor.
David Sacks Age
David Sacks was born on May 25th, 1972, in Cape Town, South Africa, marking the beginning of his life’s journey. Despite his South African roots, he later ventured to different parts of the world, eventually settling in the United States. As of 2024, David is 52 years old, with a wealth of experiences and accomplishments shaping his path.
Having spent his formative years in South Africa before relocating, David’s background reflects a blend of cultural influences and global perspectives. His journey from Cape Town to the United States speaks to his adventurous spirit and willingness to explore new horizons, setting the stage for a life filled with diverse experiences and achievements.
David Sacks Height and Weight
David Sacks stands at a height of 5 feet 8 inches and maintains a weight of 68 kilograms. His physical attributes reflect a balanced and healthy lifestyle, contributing to his overall well-being and presence in both professional and personal spheres. As a prominent figure in the tech industry, Sacks’ stature serves as a testament to his dynamic and multifaceted approach to entrepreneurship and investment.
With his stature, Sacks embodies confidence and resilience, attributes that have propelled him to success in various ventures throughout his career. Whether navigating the complexities of the business world or pursuing his interests in crypto investments, Sacks’ physical presence underscores his dedication and determination to excel in all endeavours he pursues.
David Sacks’s Impactful Tenure at PayPal
After his stint as a management consultant at McKinsey & Company, David Sacks embarked on a transformative journey when he joined Peter Thiel at PayPal in 1999, assuming the role of the company’s inaugural Chief Operating Officer. It was during his tenure at PayPal that Sacks crossed paths with Elon Musk, sparking a friendship that endures to this day and solidifying their positions as prominent figures in the renowned ‘PayPal Mafia.’
Sacks played a pivotal role in PayPal’s meteoric rise, spearheading the establishment and growth of essential departments such as Sales & Marketing, Customer Service, and Human Resources. Under his leadership, the company’s annual revenue soared to over $200 million within a mere three years, a testament to his strategic acumen and operational expertise. PayPal’s remarkable success ultimately attracted the attention of eBay, which acquired the company for a staggering $1.5 billion in 2002, further cementing Sacks’s legacy as a driving force behind one of the tech industry’s most iconic acquisitions.
David Sacks Pioneering Tech Entrepreneur
David Sacks was drawn to entrepreneurship from a young age, influenced by his grandfather who owned a candy factory. In 2008, he ventured into the tech industry with the launch of Yammer, a platform similar to Slack. Yammer quickly gained traction and became one of the fastest-growing Software as a Service (SaaS) tools, earning the top spot at TechCrunch50. This success culminated in Microsoft’s acquisition of Yammer in 2012 for a staggering $1.2 billion, marking it as the fastest billion-dollar SaaS exit in history, a record that still stands today. Additionally, Sacks founded Geni.com in 2006, a genealogy website that was later acquired by MyHeritage in 2012, further solidifying his reputation as a serial entrepreneur with a knack for building successful ventures.
Throughout his career, Sacks has demonstrated a keen eye for identifying market opportunities and transforming innovative ideas into lucrative business ventures. His ability to anticipate industry trends and capitalise on emerging technologies has positioned him as a prominent figure in the tech world. With his track record of creating and scaling successful startups, Sacks continues to be a driving force in shaping the future of the technology landscape, leaving an indelible mark on the industry.
Rescuing Zenefits
When crisis struck Zenefits in 2014, David Sacks stepped in as the interim CEO, showcasing his adeptness at navigating tumultuous situations. His strategic leadership not only stabilised the company but also paved the way for innovation with the introduction of Z2, an HR SaaS product. Sacks’ decisive actions and vision played a pivotal role in steering Zenefits away from potential disaster and towards a path of growth and success.
Under Sacks’ leadership, Z2 emerged as a standout HR software product, garnering recognition from PC Magazine as one of the best in the market. His ability to leverage technology and implement effective solutions showcased his expertise in the tech industry, solidifying his reputation as a transformative leader capable of driving positive change.
Venture Capital and Crypto Investments
In 2017, David Sacks co-founded Craft Ventures, a venture capital firm that has quickly become a major player in the industry. With assets nearing $2 billion under management, Craft Ventures focuses primarily on investing in Software as a Service (SaaS) companies. Sacks, known for his keen eye for promising startups, particularly enjoys backing early-stage SaaS ventures, leveraging his extensive experience and insights to identify lucrative opportunities in the tech sector.
Beyond traditional investments, Sacks has also ventured into the realm of cryptocurrency, demonstrating his willingness to embrace emerging technologies and trends. As an early investor in the Solana crypto token, he has showcased his forward-thinking approach and willingness to explore innovative avenues for potential growth and returns. Through Craft Ventures and his ventures in the crypto space, Sacks continues to leave his mark on the investment landscape, shaping the future of technology and finance.
Podcasting and Social Media Ventures
Sacks has ventured into podcasting and social media with Callin, a unique platform blending podcasting with social interaction akin to the format of Clubhouse. This innovative approach offers users the opportunity to engage in live podcast discussions, enhancing the interactive experience and fostering community engagement. Alongside his podcasting endeavours, Sacks maintains an active presence on Twitter, where he shares valuable business insights, opinions, and updates, contributing to the vibrant discourse within the tech and entrepreneurial community.
In addition to his individual pursuits, Sacks co-hosts the ‘All-In’ podcast with his friends, covering a wide range of topics including venture capital, technology, the economy, startups, and politics. With a growing audience of over 300k subscribers and nearly 100k monthly listeners, the podcast has emerged as a significant influencer in the digital sphere. Through his contributions to podcasting and social media, Sacks continues to foster meaningful discussions, share valuable insights, and connect with audiences worldwide.
David Sacks Personal life
Introducing the Sacks family! David Sacks, a successful entrepreneur and investor, shares a blissful marital life with Jacqueline Tortorice. Together, they have three wonderful children and reside in San Francisco, California. Jacqueline, originally from the bustling city of New York, takes on the role of a devoted homemaker and mother, ensuring a nurturing environment for their family.
Their eldest, Isabelle, was born in 2009, marking the beginning of their journey into parenthood. Two years later, in 2011, they joyously welcomed their second daughter, Georgia, further enriching their family dynamic. Completing their trio of blessings, Henry, their youngest son, joined the family in 2014, bringing boundless joy and laughter into their lives. Through their shared love and commitment, the Sacks family continues to thrive, cherishing each moment spent together as they navigate life’s adventures.
Physical Appearance
| Attribute | Description |
| Height | 5 feet 8 inches |
| Weight | 68 kg |
| Eye Colour | Black |
| Hair Colour | Black |
| Sexuality | Straight |
Awards and Recognitions
In 2011, David Sacks received several prestigious awards that highlighted his remarkable achievements and contributions to the business world. Among these honours was the San Francisco Business Times 40 Under 40 recognition, which celebrated Sacks as one of the top young talents in the industry. Additionally, he was honoured with the Workforce Management Game Changers Award, further acknowledging his innovative approaches and impactful leadership. Furthermore, Sacks was recognized as one of the Bay Area’s Most Admired CEOs by the San Francisco Business Times, solidifying his reputation as a respected figure in corporate leadership.
These awards not only underscored Sacks’ exceptional talent and dedication but also served as a testament to his significant influence and impact on the business community. Through his visionary leadership and groundbreaking initiatives, Sacks continues to inspire others and shape the future of entrepreneurship and innovation.
David Sacks’ Car Collection
David Sacks is an avid car enthusiast, known for his impressive collection of luxury vehicles. Among his prized possessions are a sleek Ferrari 488, renowned for its powerful performance and striking design. Additionally, he owns a Porsche 911, a classic sports car celebrated for its iconic silhouette and exceptional driving experience. Sacks also embraces innovation with his ownership of a Tesla Model S, showcasing his appreciation for cutting-edge technology in the automotive industry.
With a passion for high-performance automobiles, Sacks enjoys the thrill of driving and the craftsmanship behind each vehicle in his collection. His diverse array of cars reflects his discerning taste and reflects his penchant for both classic elegance and modern innovation. Whether cruising in his Ferrari, Porsche, or Tesla, Sacks finds joy in the exhilarating experience of hitting the road in style.
David Sacks Private Jet
David Sacks, a notable figure in the tech industry, boasts a luxurious mode of transportation: a Gulfstream G550 private jet. This state-of-the-art aircraft is renowned for its long-range capabilities, equipped with two powerful engines that enable it to fly extensive distances without the need for frequent refuelling stops. With a spacious interior capable of accommodating approximately 19 passengers, the G550 offers a combination of comfort and speed, cruising at impressive speeds of up to Mach 0.85. Its remarkable range of 6,750 nautical miles ensures that Sacks can traverse vast distances with ease, facilitating efficient travel for both business and personal purposes.
In addition to his airborne luxury, Sacks also indulged in maritime pursuits, having purchased a yacht in 2011 for $12 million. However, in 2022, he made the decision to part ways with the vessel, selling it for $10 million under its new name, Milk Money. While the ownership transitioned to a consortium of individuals from Florida, the G550 jet remains a prized possession for Sacks, offering unparalleled convenience and mobility. Furnished with amenities such as a comfortable bed, shower facilities, and an impressive entertainment system, Sacks’ private jet ensures that he can swiftly and comfortably traverse the globe, facilitating seamless travel for both professional endeavours and leisurely pursuits.
A Philanthropic Visionary
David Sacks is not only focused on amassing wealth but also on giving back to the community. While specific details about his philanthropic endeavours are limited, it is evident that he contributes to various charitable organisations and causes. Through his charitable contributions, Sacks enhances his public image and demonstrates a commitment to making a positive impact on society.
Despite the scarcity of information regarding his philanthropic activities, Sacks’s involvement in charitable endeavours underscores his dedication to supporting causes that benefit the community. By giving back, he not only fulfils a sense of social responsibility but also utilises his resources to uplift and empower others.
David Sacks Social Media Presence
David Sacks boasts a significant presence on social media platforms, with a substantial following across various channels. On Twitter, he commands an audience of over 728.2K followers, where he actively engages with his audience by sharing business insights, opinions, and updates on his ventures. His Twitter account serves as a platform for him to connect with like-minded individuals and industry professionals, contributing to his influence in the digital sphere.
Similarly, Sacks maintains a YouTube channel with a sizable subscriber base of 383K. Through his YouTube platform, he shares content related to his entrepreneurial journey, offering valuable insights and advice to aspiring entrepreneurs and enthusiasts. While his presence on other social media platforms such as Facebook, Instagram, and LinkedIn is not available, his significant following on Twitter and YouTube underscores his impact and reach in the online community.
Quick Facts
- Renowned Tech Figure: David O. Sacks is celebrated as a prominent figure in the tech industry, known for his entrepreneurial acumen and strategic investments.
- Impressive Net Worth: With an estimated net worth of $200 million, Sacks has amassed considerable wealth through his ventures and investments.
- Tech Industry Pioneer: Sacks has played a pivotal role in shaping the technology landscape over decades, leaving a lasting impact on numerous startups and ventures.
- Educational Background: He holds a Bachelor of Arts in Economics from Stanford University and a Doctor of Law degree from the University of Chicago Law School, reflecting his commitment to academic excellence.
- Successful Ventures: Sacks has been involved in several successful ventures, including PayPal, Yammer, and Craft Ventures, showcasing his ability to identify promising opportunities and drive growth.
- Podcasting and Social Media: He is actively engaged in podcasting, co-hosting the influential ‘All-In’ podcast, and maintains a significant presence on social media platforms like Twitter and YouTube.
- Family Life: Sacks is happily married to Jacqueline Tortorice, with whom he shares three children, Isabelle, Georgia, and Henry, embodying a balanced personal and professional life.
- Philanthropic Endeavours: While specific details are limited, Sacks is known to contribute to various charitable organisations, reflecting his commitment to giving back to the community and making a positive impact on society.
Conclusion
David O. Sacks emerges as a towering figure in the tech industry, renowned for his entrepreneurial brilliance and strategic investments. With an estimated net worth of $200 million, his journey from shaping iconic startups like PayPal and Yammer to co-founding Craft Ventures underscores his profound impact on the technology landscape. Beyond his professional achievements, Sacks’ commitment to philanthropy and family values highlights a holistic approach to success. As he continues to navigate the ever-evolving realm of technology, his legacy as a trailblazer and visionary remains firmly intact, inspiring future generations of entrepreneurs and investors.