Net Worth
$1.5 Billion
David Oliver Sacks, born May 25, 1972, is an online technology entrepreneur, author, and investor. As a general partner at Craft Ventures, a venture capital fund he co-founded in late 2017, Sacks has helped shape new startups. In addition to venture capital, he cohosts the popular All In podcast with industry veterans Chamath Palihapitiya, Jason Calacanis, and David Friedberg.
What is David Sacks’ Net Worth?
David Sacks’ wealth is a monument to his vision, smart investment decisions, and technology industry effect. His $1.5 billion net worth is the result of a diverse career with key responsibilities and ventures. From PayPal to Craft Ventures, where he co-founded, Sacks has had success in entrepreneurship. His Craft Ventures work has shaped several firms, demonstrating his reach beyond entrepreneurship. Sacks’ strategic investments in Uber, Airbnb, and SpaceX demonstrate his ability to discover and encourage innovative ventures.
| Name | David Oliver Sacks |
| Net Worth | $1.5 billion |
| Annual Income | $170 Million |
| Inheritance | $20 Million |
| Speaking Fee | $500,000 per event |
| Land Owned | 8,150 acres |
| Ethnicity | Jewish |
Who is David Sacks?
David Oliver Sacks, from Cape Town, South Africa, earned a Bachelor of Economics from Stanford University. He received a Juris Doctorate from the University of Chicago Law School in 2018.
Sacks is renowned in the computer business for his key roles in successful ventures. His participation in the PayPal Mafia, a group of former employees who shaped the internet industry, highlights his time as COO and CEO of PayPal.
After leaving PayPal in 2002, Sacks founded Geni.com and participated in Yammer’s IPO. The latter was successful and bought by Microsoft for over $1 billion in 2012. In addition, Sacks executive produced the Golden Globe-winning film “Thank You for Smoking.”
As a partner at Craft Ventures, a venture capital firm that invests in early-stage tech businesses, Sacks helped several companies succeed. Uber, Airbnb, SpaceX, and Coinbase, a large cryptocurrency exchange, are among his investments.
Forbes, Silicon Valley Insider, The New York Times, and Fortune Magazine have recognized Sacks for his tech leadership. His expertise makes him a respected technological and investment personality. Sacks’ work will continue to shape technology and business.
David Sacks Biography
In Detroit, Michigan, David Sacks developed his entrepreneurial spirit early on. After graduating from Stanford Law School, he became PayPal’s first COO.
Sacks’ “sweat equity,” or early dedication, helped the company grow exponentially, resulting in a large ownership. This strategic partnership helped eBay buy PayPal for $1.5 billion in 2002. Sacks’ investments and entrepreneurship were built on this cash windfall.
David Sacks Quick Facts
| Full Name | David Oliver Sacks. |
| Nick Name | David O. Sacks. |
| Date of Birth | May 25, 1972. |
| Birth Place | Cape Town, South Africa. |
| Age | 51 years. |
| Zodiac Sign | Gemini. |
| Nationality | South African, American. |
| Religion | Jewish. |
| Famous For | Former CEO of Zenefits, former COO of PayPal, and CEO of Yammer. |
| Profession | American Entrepreneur, Investor, and Tech Executive. |
| Alma Mater | Memphis University School. |
| Qualification | B.A. in Economics from Stanford University, and a J.D. from the University of Chicago. |
| Height | 6 Feet 1 Inch (approx). |
| Weight | 70 Kg (approx). |
| Marital Status | Married. |
| Spouse | Jacqueline Tortorice (m. 2007). |
| Children | Two Daughters and One Son. |
| Net Worth | $1.5 Billion (Approx). |
David Sacks Age, Height & Weight
| Age | 51 years old |
| Height | 5 Feet 10 Inches |
| Weight | 70Kg |
| Body Type | Normal or slim body |
| Hair Colour | Black |
| Eyes Colour | Black |
| Sexual Orientation | Straight |
| Ethnicity | Mixed |
| Skin Colour | Lite White |
David Sacks Early Life
Young David Sacks, with Oliver as his middle name, was born in Cape Town, South Africa, on May 25, 1972. His family moved to Tennessee. He earned a Doctor of Law from the University of Chicago Law School after graduating in economics from Stanford.
Childhood and Education
At five, David Sacks and his family moved from Cape Town, South Africa, to the US. Memphis University School and Stanford University were his educational destinations, where he got a degree in economics in 1994. Sacks joined McKinsey & Company as a management consultant after graduating.
David Sacks Family
Samuel Sacks, David Sacks’ father, was a physician, and Muriel Elsie Landau, his mother, was an early English female surgeon. David Sacks was raised in London, England, by a large extended family of doctors and scientists. His parents’ medical success affected his upbringing. Unfortunately, no information exists regarding his siblings.
David Sacks Relationships
On July 7, 2007, David Sacks married Jacqueline Tortorice. The successful entrepreneur’s wife, Jacqueline, is relatively unknown. With two daughters and one son, the couple has five children. Their family lives happily in San Francisco’s tech sector.
David Sacks’ Personal Life
David Sacks’ personal life is around family, philanthropy, and community service. Married to entrepreneur and investor Jacqueline Tortorice, the couple has three children and lives in San Francisco’s tech sector. Sacks keeps his personal life private, but his long-term relationship shows his commitment to family.
Sacks passionately support education and charities beyond his family. His co-founding of Code for America, a nonprofit that uses technology to better civic life, shows his dedication to using his skills for good.
David Sacks Career
David Sacks’ career is a tale of creativity, strategy, and entrepreneurship. The first PayPal COO, he entered tech in 1999 after working in management consulting and law. This milestone led to the development of Geni and Yammer. Sacks’ subsequent tenure as Zenefits CEO demonstrated his ability to manage and create in the ever-changing world of HR technology.
Sacks was key in PayPal’s early success, which led to eBay’s acquisition.
Career Highlights
- Strategic leadership, entrepreneurial success, and technological and business accomplishments define David Sacks’ career. His notable achievements are listed chronologically:
- 1999–2002: PayPal COO
- Key to PayPal’s founding and early success.
- Helped the company expand until eBay bought it.
- 2006: Co-founded Geni, a novel genealogical website connecting families digitally.
- 2008: Yammer co-founder
- Contributed to Yammer, an enterprise social networking service.
- Sacks guided the company to Microsoft’s 2012 acquisition, demonstrating his ability to produce effective digital solutions.
- 2013–2016: Zenefits CEO
- CEO of cloud-based HR software Zenefits.
- Led the company through a transformation, helping it grow in the competitive IT market.
- Craft Ventures, an early-stage venture capital fund, was co-founded and effectively supports emerging entrepreneurs.
- Strategically invested in Uber, Airbnb, and Reddit, demonstrating Sacks’ ability to discover and support creative firms.
How Did David Sacks Make His Money?
Entrepreneur and venture capitalist David Sacks has left an everlasting effect on the tech industry with his many successful projects. Sack was a significant figure in the PayPal Mafia, a group of talented graduates dominating the computer scene. He was PayPal’s COO and CEO. After PayPal in 2002, he started Geni.com and helped Yammer’s IPO, which Microsoft acquired for nearly $1 billion in 2012. Sacks’ Golden Globe-winning film Thank You for Smoking, directed by Christopher Buckle, showed his executive producing flexibility.
As a partner at Craft Ventures, a San Francisco venture capital firm that invests in early-stage digital businesses, Sacks continues his strategic investments. Companies including Uber, Airbnb, SpaceX, and Coinbase have received contributions. He strengthened his leadership position as creator and CEO of Zenefits, an HR SaaS platform, from 2013 to 2016.
In addition to Craft Ventures, Sacks co-founded Social+Capital, an early-stage venture fund, demonstrating his commitment to tech innovation and success. His investments and strategic advice have helped several companies succeed, boosting the tech industry.
Where Does David Sacks Spend His Money?
The Sacks Family Foundation and Craft Ventures, his venture capital firm, demonstrate David Sacks’ charitable bent. Sacks invests in real estate and precious metals in addition to traditional businesses.
Along with his business investments, Sacks is highly involved in community service and charity. His donations to The Woodrow Wilson International Center for Scholars, The Skoll Foundation, and the ACLU are significant. As part of his commitment to social change, Sacks has funded education and medical research. Known for donating part of his annual income to charity.
Sacks has invested in candy factories and real estate in addition to charities, showing a sharp eye for profitable prospects. He invests heavily in podcasts like All In With Chris Hayes, demonstrating his interest in different media. David Sacks has built money and left a legacy through cautious financial management, clever investments, and philanthropy.
Entrepreneurial Ventures
David Sacks worked for Microsoft and PayPal after graduating. In his capacity as COO at PayPal, he led the company to unparalleled growth and its acquisition by eBay. Sacks’ impact as a venture capitalist and product leader during this time highlighted his enormous impact on innovative firms. This formative event sparked his love for entrepreneurship and laid the basis for his ambitious professional pursuits.
Success With Yammer
David Sacks co-founded Yammer in 2008 as a powerful business communication platform. Microsoft bought the platform for $1.2 billion in 2012 after it grew to millions of users. The Yammer success represented a financial milestone and launched Sacks into IT industry prominence. He became a Silicon Valley general partner and one of the wealthiest tech executives after this achievement.
Craft Ventures
Craft Ventures was founded by David Sacks in 2017. He founded this venture capital fund and invested heavily in early-stage enterprises, creating a varied portfolio that includes Airtable, Bird, and Flexport. Sacks’ estimated net worth has increased due to these strategic investments, consolidating his position in venture capital.
Other Ventures
David Sacks co-founded several successful firms after Yammer. In addition to these accomplishments, Sacks has invested in many businesses, including Zenefits, a human resources software company valued at $4.5 billion, and Bird, a scooter-sharing company that raised over $400 million.
David Sacks Private Jet
Sacks has multiple private jets, including the $78 million Gulfstream G700, which has the largest cabin area among business jets. His fleet flew approximately 1,100 hours in 2023 or nearly 48 days.
Investments and Profits
PayPal Journey: As PayPal’s first COO, Sacks helped the company develop. The company’s 2002 $1.5 billion acquisition by eBay was significant. By owning a large portion, Sacks made nearly $40 million.
Sacks made early investments in Facebook, Airbnb, and SpaceX, seeing potential. His early prediction paid off as these companies’ prices rose. Forbes believes that Sacks made over $600 million by selling his holdings in these revolutionary ventures, boosting his net worth.
David Sacks Yacht
The famous Philippe Starck-designed 60-meter boat belongs to Sacks. Sacks bought the vessel for $38 million in 2020 as a luxurious boat hideaway. Besides its astounding size, the ship has a magnificent spa, a state-of-the-art cinema, and a secret submarine for underwater adventures.
David Sacks House
Atherton house: In 2016, Sacks bought an 11,000-square-foot house in Atherton, California. This Silicon Valley mansion has six bedrooms, a cutting-edge home theater, a refreshing pool, and a large four-car garage. It represents the region’s affluence with lush landscaping and prominent neighbors like Larry Ellison and Sheryl Sandberg.
San Francisco’s “Billionaire’s Row” Home: In 2012, Sacks bought an under-construction mansion on the Row, making headlines. The 17,500-square-foot main estate and 6,000-square-foot guest house initially cost $65 million.
Angel Investments
- David Sacks improved his lifestyle by investing a large percentage of his wealth in technological businesses and diversifying his investments. He used his financial skills in important projects like:
- Sacks saw Affirm’s promise and helped it succeed in the competitive financial services industry.
- Sacks invested in novel storage solutions to help Clutter become a leading on-demand storage company.
- Gusto: By investing in Gusto, a payroll and benefits administration firm that was changing HR technology, Sacks showed his optimism.
- Facebook: Sacks’ early investment in Facebook showed his insight in identifying and backing social media platforms that will change online communication.
- Uber: As an early investor in Uber, Sacks helped the revolutionary transportation platform succeed globally.
- Intercom: Sacks invested in Intercom because he believed it could change how businesses engage with customers.
- PayPal: Sacks’ work in PayPal from its early days to its sale by eBay made him rich and changed online payment methods.
- Sacks supported Scribd, a digital library and e-book subscription business because he believed in online content consumption’s future.
Top 3 Interesting Facts
- The versatile David Sacks has made significant achievements as a businessman and novelist. His 1998 book, “The Diversity Myth: Multicultural,” discusses multiculturalism.
- David Sacks is one of the wealthiest billionaires due to his smart investments, entrepreneurial enterprises, and tech sector leadership, with a USD 2 billion net worth.
- Sacks has met famous people like Ximena Saenz and Christina Macfarlane outside of work. These interactions demonstrate his influence and network, cementing his status in business and beyond.
Awards
- DVarious companies have honored David Sacks for his great achievements. Notable honors:
- 2012 – San Francisco Business Times 40 Under 40: Sacks was named to the list of rising business leaders for his outstanding efforts.
- In 2011, Sacks got the Workforce Management Game Changers Award for his unique and important contributions to workforce management.
- San Francisco Business Times (2011) In 2011, the San Francisco Business Times named Sacks one of the Bay Area’s Most Admired CEOs for his leadership and managerial talents.
David Sacks s a Leader in The Tech Industry
As a mentor and leader, David Sacks changed the technology business. Sacks has mentored many prospective technology entrepreneurs, using his expertise to assist them navigate the business and succeeding.Sacks inspires young technological entrepreneurs.
Comparison with Other Silicon Valley Entrepreneurs
In Silicon Valley, David Sacks stands out from other tech entrepreneurs. With an estimated $2 billion net worth, he is wealthy, but not as wealthy as Elon Musk or Jeff Bezos. Further distinguishing himself, Sacks stakes heavily on Palantir Technologies and Asana, focusing on quick growth. This strategy has high profits but also risks. Each technology entrepreneur has a unique path and strategy, but they all share a desire to disrupt industries and innovate.
Wrap Up
This in-depth look at David Sacks shows a diverse figure whose impact on technology is undeniable. Sacks, who has an estimated $2 billion net worth, is known for his entrepreneurial and investing success and for his strategic insight in technology.
Is David Sacks Bullish on Crypto?
David Sacks has consistently viewed digital currencies as a transformative financial innovation. He supports Bitcoin and other tokens because of their transformational power. Sacks invests in cryptocurrency projects like Harbor, a blockchain-based securities tokenization platform he co-founded.
Final Thoughts
In conclusion, David Sacks’ entrepreneurial initiatives, executive leadership, and strategic investments have shaped the technology sector. With an estimated $500 million net worth, Sacks helped PayPal, Yammer, Geni.com, and Craft Ventures succeed. His participation as a founding partner at Craft Ventures shows his dedication to coaching and fostering entrepreneurs while staying active in Bitcoin.
Podcasting and Social Media
Callin is Sacks’ later project. It’s an asocial podcasting’ app that mixes podcasting with social engagement.
His social media presence is also notable. He tweets business advice.
He and his buddies present the ‘All-In’ podcast, discussing venture capital, innovation, the economy, startups, and politics. This podcast is growing in popularity with over 300k subscribers and approximately 100k monthly listeners.
Social Links
| Social Media | Username/Handle | Followers/Subscribers |
| N/A | N/A | |
| Soon To Update | N/A | |
| @DavidSacks | 725K | |
| YouTube | All-In Podcast | 419K Subscribers |
| Wikipedia | David-O-Sacks | N/A |
Frequently Asked Questions (FAQs) about David Sacks
Q: How much is David Sacks worth?
A: David Sacks’ estimated wealth is $2 billion.
Q: What are David Sacks’ notable investments?
A: David Sacks invested in Facebook, Uber, SpaceX, Palantir, and Airbnb.
Q: What does David Sacks do at Craft Ventures?
A: Late 2017 co-founder David Sacks is the general partner of Craft Ventures.
Q: David Sacks co-founded which companies?
A:Geni.com, Yammer, and Craft Ventures were created by David Sacks.
Q: About the All-In podcast and its co-hosts
A: David Sacks, Chamath Palihapitiya, Jason Calacanis, and David Friedberg host the All-In podcast. They debate startups, politics, venture capital, tech, and the economy.
Conclusion
In conclusion, David Sacks is a successful entrepreneur, investor, and IT influencer. His work at PayPal, co-founding Geni.com and Yammer, and launching Craft Ventures shows his strategic aptitude and meaningful investments in big Internet companies. With an estimated $2 billion net fortune, Sacks remains ambitious.
Hosting the All-with podcast, philanthropy through the Sacks Family Foundation, and involvement with Callin demonstrate his dedication to innovation and social engagement. David Sacks’ story is one of entrepreneurship, strategic investments, and monumental impact on technology and venture capital.
