Jack Dorsey started his first company in the year 2000, in Oakland. It was related to dispatching couriers, taxis, and emergency services. After working for a while on this company, Dorsey finally decided to work on his new idea that was to communicate via short status messages. It was in 2006, that the young entrepreneur co-founded Twitter. It was the time when social media was still in its early stages. After that in 2009, he launched his mobile payment app by the name of Square.
These two successful companies have helped Jack Dorsey Net Worth to grow to a considerable amount over time. Today he is one of the richest people in the world. Without any further delay, let’s take a look at the net worth of Jack Dorsey.
What is Jack Dorsey Net Worth?
The Net Worth of Jack Dorsey is a huge $1.16 Billion. The young businessman has worked hard to land his name among the world’s billionaires list. The entrepreneur has created two highly successful companies related to social media and mobile payments.
Jack Dorsey Net Worth is a result of innovation, and hard work. The tech entrepreneur saw the opportunity and then worked hard to avail it. He stepped into the industry at the right time and with the right product. After that he worked hard to sustain and grow his businesses over time. The two companies that have played a key role in Jack Drosey Net Worth growth are Twitter and Square. Let’s take a brief look at how Dorsey accumulated his wealth via Twitter and Square.
Jack Dorsey Twitter:
Twitter is one of the most popular social media networks in the world. It allows the users to share anything with their followers and the world in only 140 characters. Jack Dorsey has invested a lot of time in this company since its beginning. The company at its peak, in 2013, was valued at about $40 billion. However, in the recent years the valuation of the company has reduced significantly. According to recent estimates the social media network is valued at $10 Billion. Jack Dorsey remains hopeful about the future of Twitter.
As of 2016, Twitter has about 313 million active users and 3,860 employees. The headquarters of Twitter is located in San Francisco, California, United States.
Jack Dorsey Square:
In 2009, Dorsey launched another one of his successful ventures by the name of Square. It was launched as a small business platform for accepting credit and debit card payments on mobile devices. When the company was launched, it only had 10 employees. However, it grew rapidly over time and in 2012, it had more than 100 employees. Square filed for IPO to be listed on New York Stock Exchange in 2015. According to estimates the value of square was more than $6 Billion in 2014, before its IPO.
Today, in 2016, Square has more than 1,000 employees and like Twitter, its headquarters are also located in San Francisco, California, United States.
Jack Dorsey Investments:
Jack Dorsey is also an angel investor and has invested in a number of successful startups. These include:
Jack Dorsey Lifestyle
Jack Dorsey is single and has no plans of getting married. The billionaire has been dating Kate Greer on and off. Jack does not have any plans of having children and he once stated that his two companies, namely, Twitter and Square are his children. And he would like to see his companies grow and flourish just as a parent would like to see their children grow and flourish.
The Billionaire spends most of his time looking after the affairs of his companies. He is a tech enthusiast from heart and keeps track of the latest innovation in the industry. Dorsey also likes to keep himself updated with what people are saying about him on Twitter. In one of his interviews, he mentioned that he keeps track of his mentions on Twitter.
Jack Dorsey House
Jack Dorsey has a house with one of the most beautiful views in the world. The house is located on the beautiful sea side on the El Camino Del Mar in Seacliff area of San Francisco. The total area of the house is 3,734 square feet. The 2-bedroom house has 2 bathrooms. It has a delightful living room and a windowed office with a magnificent view. According to reports, Jack Dorsey purchased this luxurious house in 2012, for approximately $10 million.
Jack Dorsey Cars
Jack Dorsey owns a BMW. But he does not always travel on his own car. The billionaire likes to take things easy and often travels on busses and public transportation. He often tweets about the books he reads while travelling on bus. In addition, he also mentioned in one of his interviews that he sometimes uses Uber when it is raining.
When compared to most of the other billionaires around the world, Jack Dorsey is still very young. He already has two successful companies to his name. And if these companies continue to prosper, who know what Jack Dorsey Net Worth might be in future. Also, by looking at the innovative spirit and mind that Dorsey has, we won’t be surprised if he lands himself in the list of top 50 richest people in the world.
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