Ecelebrityinfo
Art is not a luxury, but a necessity.

David Sacks Net Worth; How He Made His Billions

86

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 NameDavid Oliver Sacks
GanderMale
Date of BirthMay 25, 1972
Age 51 years (2023)m
Birth PlaceCape Town, South Africa
ReligionJews
Marital StatusMarried
EthnicityAfrican.American
CitizenshipUnited States
SpouseJacqueline Tortorice 
OccupationEntrepreneur & 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.

Personal Life

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.

Career

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.

Paypal Career

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. 

Major Investments

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.

Angel Investment

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.

Movie Production

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. 

Owned Assets

David maintains a luxury and lavish lifestyle for his own. He owns more than two house, 

  1. A 17.653 million mansion in Los Angeels in California.
  2. 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)

Top Searches about David

  • david sacks net worth 
  • david sack 
  • david sacks wife 
  • david o sacks net worth 
  • david sacks twitter 
  • david sacks 

Appearance on Social 

David Sacks Twitter
David Sacks LinkedIn

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

Final Verdict

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.

References

  1. https://en.wikipedia.org/wiki/David_O._Sacks
  2. https://history-computer.com/david-o-sacks-complete-biography/
  3. https://www.growth-hackers.net/what-is-david-sacks-net-worth-how-make-money-investor-rich-successful-entrepreneur/
  4. https://earlynode.com/profiles/david-sacks-net-worth
  5. https://www.imdb.com/name/nm1616294/
Leave A Reply

Your email address will not be published.