David O. Sacks is a leading entrepreneur, angel investor, author. David Sacks Net Worth is $1.6 billion in the year 2023.
Do you want to see a detailed view of David’s fortune?
In this following article, we will discuss and elaborate on David’s biography, career details and sources of incomes, background, education and personal life.
Who is David?
David Sacks is among one of the PayPal mafias as a former (founding) COO and product leader of PayPal. Even, he was the first person to invest in Airbnb.
His other exclusive lists of investment included Addepar, Affirm, Bird, CloudKitchens, Eventbrite, Facebook, Getaround, Gusto, Houzz, Intercom, Lyft, Opendoor, Palantir, PlanGrid, Postmates, Quora, Reddit, Scribd, Slack, SpaceX, Twitter, Uber, Vanta, Wish, and Xoom.
David’s fortunate investment techniques attract other investors as he holds a big portion of shares of different giants.
So, Naval Ravikant, founder of AngelList, another investment firm, has called David “the world’s best product strategist.”
This foresighted man has a broad history to invest to grow new startups to become a giant (Airbnb, Tesla).
Sacks is now the general partner and co-owner of Craft Ventures, a venture capital fund.
Highlights of David Sacks
|Professional Name||David Oliver Sacks|
|Date of Birth||May 25, 1972|
|Age||51 years (2023)m|
|Birth Place||Cape Town, South Africa|
|Occupation||Entrepreneur & Investor|
|Net Worth||$1.6 Billion (2023)|
Early Life & Education
Born on May 25, 1972, in Cape Town, South Africa, David Oliver Sacks roots trace back to his Afro-American heritage.
Within this context, his father, Samuel Sacks, an endocrinologist, and mother, Muriel Elsie Landau, a surgeon, play pivotal roles in shaping his upbringing and values.
But, Sacks doesn’t want to be in his parent’s profession. His main inspiration was his grandfather, who owned a candy factory.
Navigating through his formative years, David’s educational journey commenced at Memphis University School, where he embarked on the path of learning and growth.
Later, he earned his B.A. degree in Economics from Stanford University in 1994. And achieved a Juris Doctor from the University of Chicago Law School in 1998.
David married his wife, Jacqueline Tortorice, in July 7, 2007. Jacqueline is a lawyer by profession.
They’ve shared two daughters and one son in their happily marriage life.
As discussed earlier, Oliver’s main passion is business and entrepreneurship; his first move was becoming a management consultant at McKinsey & Company.
But, the real career journey started in 1999, when David joined PayPal as a COO and product leader. Where he met some of future tycoons like Elon Musk.
As a stakeholder of PayPal, his duty was product management and design, fraud operations, sales and marketing, international, business development, customer service, and human resources functions.
Within two years, Paypal’s transaction raised from zero to $3.5 billion per year and spread in more than 80 countries.
In 2002, PayPal was acquired by ebay at $1.5 billion.
In 2006, David invested in Geni.com, an Israeli private company helps a family to build their family genealogy tree and connect socially.
In 2008, he funded Yammer, a corporate social network and solution to secure internal communication in the organization.
His last significant investment is in ZenFits, a cloud base software service for HRM to companies.
As David’s main investment goal is SAAS, he made angel investments on Addepar, Affirm, Airbnb, Bird, Clutter, Eventbrite, Facebook, Gusto, Houzz, Intercom, Mixpanel, Opendoor, Palantir Technologies, PayPal, Postmates, ResearchGate, Rumble, Scribd, Slack, SpaceX, SurveyMonkey, ThirdLove, Uber and Wish.
David has his own production house named Room 9 Entertainment.
Under this production house, he produced, Thank You for Smoking (first production), Dalíland, Charlie Rose, etc.
Net Worth Timeline
Net Worth in 2023:
|Net Worth||$1.6 Billion|
|Average Monthly Income||$2500k|
|Yearly Income||$30 Million|
Net Worth in Recent Years:
|David Sacks Net Worth 2022||$1.4 Billion|
|David Sacks Net Worth 2021||$1.1 Billion|
|David Sacks Net Worth 2020||$1 Billion|
|David Sacks Net Worth 2019||$0.995 Billion|
How did he make his Money?
- Job (1%)- Only a few portion of David’s money earned through job. He only engaged with a job to enhance his skills.
- Investment (99%)- He invested in different ventures as discussed . If he was a member of any firm he invested in, he would have paid a salary against this.
Apart from this, he took dividends before sale and later if the venture is sold, he takes his share selling profit. For example, he co-owned Yammer which was sold to Microsoft for $1.2 billion.
David maintains a luxury and lavish lifestyle for his own. He owns more than two house,
- A 17.653 million mansion in Los Angeels in California.
- A $23.2 million (where he resides) home in Billioner’s row in Manhattan, NYC.
As a car enthusiast, he owns a Ferrari 488, a Porsche 911, and a Tesla Model S.
Awards and Achievements
- San Francisco Business Times 40 Under 40, David Sacks (2012)
- Workforce Management Game Changers Award, David Sacks (2011)
- San Francisco Business Times Bay Area’s Most Admired CEOs (2011)
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Appearance on Social
Frequently Asked Questions (FAQs)
How much is David O Sacks net worth 2023?
In 2023, David O Sacks net worth is $1.6 billion.
How old is David?
David’s age is 51 years after 2023.
Is David Sacks Married?
His wife’s name is Jacqueline Tortorice .
Stay with us to know about more businessman’s net worth Bob Lee
No offense David Sacks is undoubtedly a quality businessman and investor. His success rates also agree with the logic.
He is such a significant personality and is a talented decision maker who has already achieved a billion dollar milestone. Apart from the hustle, he is a good husband and ideal father too.
So it is not unsurprising that he has a net worth of $1.6 billion. And indeed, it will rise to the next level soon, following his ventures.