David Sacks, an African entrepreneur, gained prominence as the initial COO and product leader of PayPal. Beyond his entrepreneurial journey, Sacks is well-known for his substantial net worth and the diverse factors contributing to it.
Who is David Sacks?
David Oliver Sacks, born on May 25, 1972, in Cape Town, South Africa, hails from a medical family background—his father, Samuel Sacks, a physician, and mother, Muriel Elsie Landau, a surgeon. Despite this lineage, David pursued a different path. He attended Memphis University School and later earned a Bachelor of Arts in Economics from Stanford University, followed by a Doctor of Law from the University of Chicago Law School.
What is David Sacks’ Net Worth?
As of 2024, David Sacks’ net worth is estimated at $1.7 billion, placing him among the ranks of billionaires. His wealth stems not only from his entrepreneurial endeavors but also from various investments and ventures.
Name David Sacks
Full Name David Oliver Sacks
Net Worth (As of 2024) $1.7 Billion
Profession Entrepreneur, Author, and Investor
Monthly Income $5 Million, approximately
Yearly Income $60 Million, approximately
Factors Contributing to David Sacks’ Net Worth
- Entrepreneurship: David Sacks has played pivotal roles in several successful ventures, including Gein.com, Yammer, Zenefits, and others. His contributions have significantly bolstered his financial standing.
- Assets: Known for his lavish lifestyle, Sacks possesses a notable car collection featuring a Ferrari 488, Porsche 911, and Tesla Model S. Additionally, he reportedly owns a Gulfstream G550 private jet capable of speeds up to Mach 0.85.
Career Highlights:
- Following his legal education, Sacks worked as a management consultant at McKinsey & Company before joining Confinity in 1999, where he became the first product leader for PayPal.
- Beyond tech, Sacks ventured into film production, backing successful projects like “Thank You For Smoking” in 2005.
- In 2006, he founded Geni.com, a prominent genealogy website.
- His investments span diverse sectors, including technology giants like Facebook, SpaceX, and Uber.
Personal Life:
David Sacks married Jacqueline Tortorice in 2007, and the couple has three children—Isabelle, Georgia, and Henry. Sacks is noted for his early achievements in chess and membership in Yale’s Skull and Bones Society during his freshman year.
Lesser-Known Facts About David Sacks:
- An early investor in Airbnb, Sacks is recognized as an angel investor.
- Despite his involvement in tech and finance, he has been critical of Bitcoin.
- Sacks occasionally indulges in alcohol, as shared on his social media.
- He maintains a close friendship with Elon Musk, CEO of X (formerly Twitter), and engages actively in philanthropy.
- David Sacks continues to influence both the entrepreneurial landscape and philanthropic efforts, solidifying his legacy beyond financial achievements.
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