Jack Patrick Dorsey, born on November 19, 1976, is an American internet entrepreneur, philanthropist, and programmer. He co-founded Twitter, Inc., serving as its CEO from 2015 to 2021, and is also a co-founder and the principal executive officer and chairperson of Block, Inc., the company behind the Square financial services platform.
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Jack Dorsey’s Net Worth
Jack Dorsey’s net worth, is an impressive $3.1 billion. This fortune is a reflection of his successful ventures, notably Twitter and Block and Inc. His wealth is not just in monetary terms but also in the significant impact his innovations have had on the tech industry.
Early life
Jack Dorsey, born and raised in St. Louis, Missouri, comes from a background of Italian descent on his mother Marcia‘s side. His father Tim worked with mass spectrometers and his mother was a homemaker.
Raised Catholic, Dorsey attended Bishop DuBourg High School and even modeled occasionally. His interest in dispatch routing began at age 14. Dorsey attended the University of Missouri–Rolla before transferring to New York University, where he conceived the idea for Twitter but dropped out before graduating.
He moved to California, starting a company in Oakland in 2000 that dispatched couriers and emergency services online, which eventually led to the creation of Twitter.
Career
Jack Dorsey became Twitter‘s CEO, steering it through key funding rounds before transitioning to chairman and eventually leaving in 2021. At Block, formerly Square, he innovated mobile payment solutions, enabling merchants to accept card payments via mobile devices.
Dorsey’s tenure included substantial growth and a successful IPO. He has also been involved with Bluesky Social, a decentralized social network, and expressed political ambitions, including a potential mayoral run in NYC. A noted Bitcoin advocate, Dorsey has participated in major cryptocurrency events and supported emerging tech like the Nostr protocol.
Personal life
In 2012, Jack Dorsey settled in San Francisco’s Sea Cliff area. He embraced meditation, starting his days with the practice in 2015 and later completing a ten-day Vipassanā course. Dorsey also ventured to Myanmar for a meditation retreat in 2018.
Politically, he supported Democratic presidential candidates Tulsi Gabbard and Andrew Yang in 2019 and donated $15 million in 2020 to U.S. mayors experimenting with guaranteed income programs.
How much of Twitter does Jack Dorsey still own?
Jack Dorsey retained a 2.4% stake in Twitter, even after its acquisition by Elon Musk. This stake underscores his ongoing interest and belief in the platform he co-founded, maintaining a significant, though not controlling, share in the company.
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Conclusion
Jack Dorsey’s journey from a programmer with a vision to a billionaire entrepreneur exemplifies the power of innovation and strategic thinking in the tech industry. His role in founding Twitter and Block, Inc., and his subsequent financial success, highlight a career defined by foresight, innovation, and impact.
FAQs about Jack Dorsey
- What companies have Jack Dorsey founded? – Dorsey co-founded Twitter and Block, Inc.
- What is Jack Dorsey’s role in Bluesky Social? – He is on the board of directors.
- Has Jack Dorsey authored any publications? – He’s known more for his entrepreneurial endeavors than for publications.
- What is Dorsey’s stance on Bitcoin? – He is a vocal advocate for Bitcoin.
- What philanthropic efforts is Dorsey known for? – He has made significant donations to various causes, including the American Civil Liberties Union (ACLU).
