David Sacks is a renowned entrepreneur and venture capitalist whose influence extends across Silicon Valley and beyond. David Sacks net worth is a testament to his ability to create and grow successful companies, from co-founding Yammer to his critical role in the PayPal Mafia.
With savvy investments and leadership roles in ventures like Craft Ventures, he has become a significant figure in the financial world. Let’s dive into his wealth, achievements, and how he built his fortune.
Quick Facts
| Fact | Detail |
|---|---|
| Real Name | David Oliver Sacks |
| Popular Name | David Sacks |
| Gender | Male |
| Birth Date | May 25, 1972 |
| Age | 52 |
| Parents | N/A |
| Siblings | N/A |
| Birthplace | Cape Town, South Africa |
| Nationality | American |
| Ethnicity | White |
| Education | Stanford University, University of Chicago Law School |
| Marital Status | Married |
| Spouse | Jacqueline Tortorice (m. 2007) |
| Children | 3 |
| Dating | N/A |
| Net Worth | Estimated $300M+ |
| Source of Wealth | Entrepreneurship, Investments |
| Height | N/A |
What Is the Net Worth of David Sacks in 2024?
David Sacks‘ net worth is estimated at over $300 million, earned through a combination of entrepreneurship, investments, and leadership roles. He founded Yammer, a revolutionary enterprise communication tool, which was acquired by Microsoft for $1.2 billion.
His involvement with Craft Ventures and investments in high-growth companies like Twitter have added significantly to his fortune.
Compared to others in the tech and investment space, Sacks’ net worth positions him alongside notable figures, including:
- Elon Musk
- Peter Thiel
- Reid Hoffman
- Max Levchin
- Sean Parker
Want to explore more about financial success? Check out our guide to the wealthiest entertainers in the world.
David Sacks’ Wealth, Salary, and Finance Overview
How Did He Build His Wealth?
David Sacks’ wealth is a direct result of his business acumen and strategic vision. Early in his career, he joined PayPal as COO, playing a critical role in shaping the product and operations.
This experience paved the way for his next venture, Yammer, which focused on transforming enterprise communication. Microsoft’s acquisition of Yammer for $1.2 billion remains a landmark deal in his career.
Sacks also leveraged his experience at PayPal to become a core member of the PayPal Mafia, a group of former PayPal executives who went on to establish or fund major companies. Through this network, Sacks gained access to lucrative opportunities and partnerships.
Major Investments and Financial Ventures
One of the pillars of David Sacks’ financial success is his role as a venture capitalist. Through Craft Ventures, a fund he co-founded, he has invested in dozens of startups focused on technology and innovation. Craft Ventures manages hundreds of millions in assets, and its portfolio includes several high-growth companies that have delivered significant returns.
Additionally, Sacks has made angel investments in companies like Twitter, recognizing their potential early on. These investments highlight his ability to identify transformative ideas and back them at the right time.
Companies He Founded or Co-Founded
Sacks’ entrepreneurial ventures have been key contributors to his wealth.
- Yammer: Co-founded in 2008, this enterprise-focused social networking tool was a game-changer for workplace communication. Its acquisition by Microsoft in 2012 for $1.2 billion was a career-defining moment for Sacks.
- Geni.com: This genealogy website demonstrated Sacks’ interest in consumer-focused technology.
- Craft Ventures: A venture capital firm aimed at empowering startups in the tech ecosystem.
These companies not only generated significant financial returns but also cemented his reputation as a visionary entrepreneur.
His Influence in Silicon Valley
David Sacks’ reputation extends beyond his wealth. In Silicon Valley, he is regarded as a mentor and thought leader who has guided many entrepreneurs to success. His collaborations with key figures like Elon Musk and Peter Thiel further illustrate his central role in the tech industry.
His influence is especially prominent in the startup ecosystem, where his advice and funding have helped shape the trajectory of innovative companies. His ability to build and nurture businesses makes him a standout figure in the venture capital world.
Financial Achievements and Recognition
Sacks has earned recognition for his entrepreneurial spirit and business success. Awards for innovation and his contributions to technology underscore his impact on the industry.
Public and private transactions, including Microsoft’s acquisition of Yammer and high-profile investments through Craft Ventures, showcase his financial prowess. These achievements reflect not just financial success but also an enduring legacy in the tech world.
FAQs About David Sacks
What Companies Did He Found?
David Sacks co-founded Yammer, Geni.com, and Craft Ventures, among other businesses.
What Role Did He Play in PayPal?
Sacks was PayPal’s COO, overseeing product and operations during a critical period of its growth and success.
Is He Part of the PayPal Mafia?
Yes, David Sacks is a key member of the PayPal Mafia, a network of former PayPal executives who have gone on to achieve significant success.
What Is Craft Ventures?
Craft Ventures is a venture capital fund co-founded by Sacks that invests in technology-focused startups.
Who Are His Notable Collaborators?
David Sacks has collaborated with figures like Elon Musk, Peter Thiel, and other members of the PayPal Mafia.
What Are His Most Successful Investments?
Some of his notable investments include early stakes in Twitter and other transformative tech startups.
What Made Yammer a Success?
Yammer succeeded due to its focus on enterprise communication, which led to its $1.2 billion acquisition by Microsoft.
What Drives His Business Success?
Sacks’ success stems from his vision, ability to execute, and strategic investments in innovative ideas.
Conclusion
David Sacks exemplifies what it takes to build enduring wealth through innovation, leadership, and strategic investments. If you’re inspired by his journey, explore more articles on celebrity finances at SingerFortune. Share your thoughts, comments, and ideas—we’d love to hear from you!
