David Sacks Net Worth – How much Money Paypal founder have?

David Sacks net worth is $200 million. He is a renowned entrepreneur, investor, and leader in the tech industry. He is known for his pivotal roles in companies like PayPal, Yammer, and Craft Ventures. 

Sacks is also recognized for his contributions to the growth of successful startups such as Facebook, Uber, and SpaceX. Born on May 25, 1972, David O. Sacks age is 52 years old. David O. Sacks’s wife is Jacqueline Tortorice and they have three children.

David Sacks Bio

David Sacks Early Life and Education

Sacks was born into a Jewish family in Cape Town, South Africa. At age five, he emigrated to Tennessee, United States, with his family. Though unsure about becoming an entrepreneur, he knew he didn’t want a career like his father, an endocrinologist. 

He drew inspiration from his grandfather, who founded a candy factory in the 1920s. He attended Memphis University School in Memphis, Tennessee. Sacks earned a Bachelor of Arts in Economics from Stanford University in 1994 and later completed a Juris Doctor at the University of Chicago Law School in 1998.

David Sacks Career

David Sacks has built a highly successful and multifaceted career as an entrepreneur, investor, and leader in the tech industry. Let’s explore the highlights of his remarkable journey.

• 1999: Left McKinsey & Company to join Confinity, co-founded by Max Levchin, Peter Thiel, and Luke Nosek.
• 1999: Became the inaugural product leader for Confinity’s key product, PayPal.
• 2002: PayPal IPO in February, the stock rose 54% on the first day.
• 2002: eBay acquired PayPal for $1.5 billion in October.
• 2005: Produced and financed the political satire Thank You for Smoking, which premiered at the Toronto International Film Festival.
• 2006: Founded Geni.com, a genealogy platform.
• 2008: Launched Yammer, the first Enterprise Social Network.
• 2008: Yammer won the grand prize at TechCrunch50.
• 2012: Microsoft acquired Yammer for $1.2 billion in July.
• 2014: Made a major investment in Zenefits.
• 2016: Became interim CEO of Zenefits to resolve a regulatory crisis.
• 2017: Co-founded Craft Ventures with an initial fund of $350 million.
• 2021: Co-founded Glue, an AI-powered workspace chat tool.
• 2024: Appointed AI and Crypto Czar by President-elect Donald Trump.

David Sacks Wife and Kids

David Sacks is married to Jacqueline Tortorice. The couple tied the knot on July 7, 2007. Together, they have three children: two daughters and one son. His kid’s names are not publicly disclosed. The family resides in Pacific Heights, San Francisco, on Billionaire’s Row.

David Sacks Net Worth 

David O. Sacks has a net worth of $200 million. His wealth comes from his success as a tech entrepreneur, and investor, and his involvement in companies like PayPal, Yammer, Zenefits, and his venture fund Craft Ventures.

David Sacks Age 

David O. Sacks was born on May 25, 1972, making him 52 years old. He achieved notable success early, including the PayPal IPO in 2002, where the stock rose 54% on the first day.

David Sacks Income Sources

David O. Sacks’ income stems from venture capital, investments, executive roles, film production, real estate, consulting, and government involvement. His diverse portfolio has cemented his financial success.

Venture Capital

David co-founded Craft Ventures, a venture capital firm managing over $2 billion in assets. His firm has backed successful companies like SpaceX, Reddit, and Bird, providing him significant returns from successful exits and growing valuations in his portfolio.

Angel Investments

David is an angel investor in companies such as Facebook, Uber, and Airbnb. His early investments in these now-billion-dollar companies have resulted in substantial profits. His wealth has increased as these companies grew into global tech leaders, giving him high returns.

Technology Leadership

As COO of PayPal and CEO of Yammer, David earned wealth from leading high-growth companies. His role in Yammer, which Microsoft acquired for $1.2 billion, boosted his net worth. PayPal’s $1.5 billion sale to eBay also contributed significantly.

Film Production

David produced the political satire Thank You for Smoking and financed Dalíland. These films generated income through theatrical releases, streaming rights, and Golden Globe nominations. 

His work in film production also provided royalties, expanding his earnings beyond technology investments.

Consulting & Public Speaking

David commands fees for his consulting work and public speaking engagements. He is a sought-after speaker in areas like technology, AI, and cryptocurrency, where his experience and expertise help companies and organizations strategize. These engagements add significant earnings.

Government Role

In 2025, David was appointed as AI and Crypto Czar in President Trump’s administration. This government role, which comes with a salary, adds to his income. Additionally, his influence in policy-making regarding AI and crypto enhances his wealth-building opportunities.

David o Sacks Books

David O. Sacks earned from his book The Diversity Myth. Published in 1995 and 1998, it explores multiculturalism and intolerance at Stanford. The book’s sales contributed to his wealth, with critical acclaim and intellectual influence enhancing his reputation in academia.

David Sacks Private Jet 

David O. Sacks owns a Dassault Falcon 900, a heavy business jet known for its long-range capabilities and luxurious amenities. This aircraft is favored by high-profile business leaders for its comfort and performance. 

It can travel long distances with ease, making it ideal for both domestic and international flights. The Falcon 900 is equipped with a spacious cabin, offering a high level of comfort and advanced features for work and leisure during flights. Its sleek design and efficient engines make it one of the top choices in its class.

David Sacks yacht

David Sacks, a well-known entrepreneur, and investor, has been associated with a yacht named “Milk Money”. The yacht, previously called “Rainmaker”, was sold by The Sacks Group in 2016. 

In May 2022, Sacks humorously tweeted that his yacht had been repossessed, but later clarified that the yacht was actually rented. Currently, there is no publicly available information to suggest that David Sacks owns a private yacht.

David Sacks House

David O. Sacks lives in Pacific Heights, a luxurious neighborhood in San Francisco. During high-profile events like presidential visits, road closures and security measures are common. Local police work with the Secret Service to ensure safety while minimizing disruptions.

David Sacks Twitter

David O. Sacks is active on Twitter with the handle @DavidSacks. He shares his thoughts on technology, politics, and current events. Sacks often tweets about AI, cryptocurrency, and his work in venture capital. He engages with topics like entrepreneurship and government policy.

David Sacks Physical Appearance

FAQs

Is David Sacks a billionaire? 

No, David O. Sacks is considered a billionaire. His net worth is $200 million. 

How did David Sacks make his money?

David Sacks made his money through his roles in PayPal, founding Yammer, and investments in companies like Facebook, Uber, and SpaceX. He is also the co-founder of Craft Ventures.

Who is David Sacks married to?

David Sacks was married to Jacqueline Tortorice in 2007.