Business, US

How rich is Jack Dorsey?

Name: Jack Dorsey

Born: November 19, 1976

Occupation: Entrepreneur, computer programmer and philanthropist

Jack Dorsey, fair use
Jack Dorsey, fair use

Jack Dorsey was born in St. Louis, Missouri on November 19, 1976. He is the son of Tim Dorsey, a manufacturer mass spectrometers, and Marcia Smith, a homemaker.

Raised in a Catholic household and had an uncle who was a Catholic priest, Jack attended the Bishop DuBourg High School, a Catholic high school. He attended the Missouri University of Science and Technology and then transferred to New York University Tandon School of Engineering. He subsequently dropped out and focused on a billion-dollar idea.

Despite his billionaire status, Jack has only had a handful of relationships. His most well-known relationships included actress Lily Cole and Kate Greer.

Jack has always been interested in technology. At the age of 14, Jack delved into the world of dispatch routing, and actually developed open source software that is used by taxi cab firms, couriers and ambulances. This was the basis for the company he launched in 2000.

A year later, he and Biz Stone worked on the prototype of Twitter, which took roughly two weeks. This attracted a lot of investment from an array of companies and individuals. The microblogging website was launched and it helped change the world. Jack has since served as CEO and chairman – he had lost his position as CEO because he left work early to concentrate on fashion design and yoga. Jack has been involved in a lot of controversy over the years when it comes to Twitter, whether it’s censoring of free speech or the tech firm’s lackluster growth.

In May 2010, Jack released a small business platform that accepts debit and credit card payments on mobile devices called Square. It became a billion-dollar success in just two years. It even filed for an initial public offering (IPO) in October 2015.

His work in technology has led him to superb accolades. In 2008, he was named one of the top 35 innovators in the world under the age of 35 by MIT Technology Review. Four years later, he earned the “Innovator of the Year Award” for technology by the Wall Street Journal.

We estimate that Jack Dorsey’s net worth is $1.13 billion (2016).

So how much is $1.13 billion really?

Since running for mayor of New York City is an aspiration for Jack, $1.13 billion could help pay for the entire mayoral campaign. $1.13 billion could also pay for partial ownership of the social media outlet Twitter.


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