David Oliver Sacks (born May 25, 1972) is a South African-American entrepreneur, author, and investor. He is a general partner at Craft Ventures, a firm he co-founded in 2017, and co-hosts the All In podcast with Chamath Palihapitiya, Jason Calacanis, and David Friedberg.
Sacks was previously COO and product leader at PayPal and founded Yammer. He served as interim CEO of Zenefits in 2016. His notable angel investments include Facebook, Uber, SpaceX, Palantir Technologies, and Airbnb.
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David Sacks Net Worth
With an estimated net worth of $250 million, Sacks stands as a leading figure in tech investment, ranking third in wealth among the All-in podcast hosts, behind Friedberg and Palihapitiya.
His real estate assets include a $20 million mansion in San Francisco and a $22 million estate in Los Angeles. Sacks also invests in alternative assets like precious metals, aiming to balance risks and capitalize on opportunities in the evolving financial market.
Early life
David Sacks was born into a Jewish family in Cape Town, South Africa, and moved to Tennessee, U.S., with his family at age five. He was inspired by his grandfather, who founded a candy factory in the 1920s, rather than following his father’s career as an endocrinologist.
Sacks attended Memphis University School and earned a Bachelor of Arts in economics from Stanford University in 1994. He later obtained a Juris Doctor from the University of Chicago Law School in 1998.
Career
David Sacks, a South African-American entrepreneur, co-founded Craft Ventures in 2017 and is a co-host of the All In podcast. Previously, he was COO of PayPal and founder of Yammer. Sacks produced the film Thank You for Smoking and developed Dalíland in 2023.
He also founded Geni.com, which led to the creation of Yammer, acquired by Microsoft for $1.2 billion in 2012. Sacks is an angel investor in major tech companies and co-founded the AI workspace tool Glue in 2021.
Personal life
On July 7, 2007, Sacks married Jacqueline Tortorice. They have three children: two daughters and one son.
Why did Yammer fail?
When Yammer gained prominence and caught Microsoft’s attention, the landscape of Authentication and Authorization platforms was not as evolved as it later became. This initial limitation meant that Yammer couldn’t integrate external data and apps in the same way that subsequent products like Slack could.
Conclusion
David Sacks’ financial stature stands as an embodiment of success, vision, and unwavering commitment to innovation. As the tech landscape evolves, there’s no doubt that Sacks will remain a significant player, shaping its future and undoubtedly increasing his net worth.
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FAQs about David Sacks Net Worth
- How did David Sacks amass his fortune?
David built his wealth through entrepreneurship, investments in high-growth companies, and executive roles in tech firms. - What’s David Sacks’ investment strategy?
Sacks focuses on high-growth companies, diversification, and value investing, emphasizing assets with disruptive potential. - Is David Sacks involved in cryptocurrencies?
Yes, Sacks has a positive outlook on cryptocurrencies and has invested in blockchain-based firms like Harbor. - What are some of David Sacks’ major career milestones?
Sacks co-founded PayPal, was involved with Geni.com, and played a pivotal role in Yammer, which was acquired by Microsoft for over $1 billion. - Is David Sacks’ net worth expected to grow?
Given his active involvement in the tech industry and his consistent track record, experts predict his net worth will continue to increase.
