In today’s world, technology surrounds us, helping to reduce energy wastage on unnecessary things. Technology can be both beneficial and detrimental. If you’re familiar with technologists, entrepreneurs, and investors, you might have heard of David Sacks, who has earned a strong reputation in these fields. If you’re curious about David Sacks’ net worth accumulated throughout his career, keep in mind he holds the title of billionaire, with an estimated net worth of $1.5 billion.

Real Name:	David Oliver Sacks
Known As:	David Sacks
Age:	51 Years
Net Worth:	$1.5 Billion
Height:	6’1” (185cm)
Date Of Birth:	May 25, 1972
Born Place:	Cape Town, South Africa
Spouse:	Jacqueline Tortorice
Children:	3(including 2 daughter and one son)
Career:	Tech Entrepreneur
Religion:	Jewish
Nationality:	American & South African

David Sacks has a track record of success in Emerging businesses and investments. David was born on May 25, 1972, in Cape Town, South Africa, into a family with a legacy of business people; both his father and grandfather were successful entrepreneurs. David’s parents migrated to Tennessee, US, with their children. So, David Sacks started his schooling at the Memphis University School. In 1994, he earned his Bachelor of Economics degree from Stanford University. From the University of Chicago Law School, he got the degree of JD(Doctor of Jurisprudence) in 1998.

 Both of his parents are from South Africa, and they belong to the Black ethnicity. However, their names have never appeared on the internet. His inspiration for entering the business world came from his inheritance, particularly his grandfather’s candy factory business, which was established in 1920.

Parents: David Sacks is from South Africa, but there is no information about his parents on social media. They migrated to the USA when David was 5 years old.

Marital Status: David married Jacqueline Tortorice on July 7, 2007. The couple lives happily with their children, including one son and two daughters. They are currently living in Tennessee, United States.

David Sacks has earned a handsome amount of money by working as a tech entrepreneur and angel investor (early-stage investor of startups). His hard work and dedicated mindset helped him earn the milestone of a billionaire with an estimated net worth of $1.5 billion. David Sacks is an earlier investor in Tesla, SpaceX, and Airbnb which also helps other people for investing in these companies. One of the famous names is Brandon Fugal and you can also read about Brandon Fugal Net Worth. This worth is generally created by working in PayPal, Geni.com, Yammer, Zenefits, Angel Investment, and craft ventures.

David Sacks has reshaped multiple industries as an entrepreneur and investor throughout his career. In addition to his extensive experience in the technology sector, he has worked with some of the industry’s biggest names. Some of the industries are given as follows;

PayPal:

David O. Sacks transitioned to PayPal in 1999 after leaving his previous job. David Sacks made significant contributions to the tech industry through his work on PayPal, where he worked as COO(Chief Operating Officer) and product leader. The payment volume grew from zero to $3.5 billion, and revenue rose to $100 million yearly because of his sharp mentality, design, payment gateways, customer service, and marketing. His efforts at PayPal are remarkable because this company was sold to eBay for $1.5 billion in October 2022.

Thank You For Smoking:

After success with PayPal, David Sacks contributed to and financed the film ‘Thank You For Smoking,’ released in 2005. In 2007, his contributions to the film earned it the awards for Best Picture and Best Actor in a Comedy at the Golden Globes.

Daliland:

After his previous successful work and extensive research, he created another drama film, which was released on June 9, 2023. This film earned a substantial fan following and received excellent reviews, showcasing David’s success in its creation.

Geni.com:

Geni is a SaaS (Software as a Service) product founded by Sacks in 2006. This genealogy website is designed for family relatives who live far away from each other. This website allows you to create an interactive family tree with the help of your relatives online. Now, this is owned by MyHeritage.

Yammer:

Yammer is a SaaS product founded by David Sacks in 2008 to address businesses’ communication and collaboration needs. The platform provides employees with a private and secure environment for collaborating, sharing information, and engaging in discussions. In 2012, Yammer was sold to Microsoft for $1.2 Billion.

Zenefits:

This company provides people with human resources software and services to businesses. David invested in Zenefits in December 2014. The company fell in 2016 and was recovered from the regulatory crisis by Sacks when he joined Zenefits as an interim CEO(Temporary Chief Executive Officer).

Angel Investment:

Sacks is known as an angel investor because he made many investments in different startups, including: 

1.  PayPal
2.  Benefits
3.  SpaceX
4.  Uber
5.  Third Love
6.  Facebook
7.  Addepar
8. Reddit
9.  Airbnb and many more.

Craft Ventures:

This is another successful Sacks model, known as an investing company. This company funds a startup company and helps them to grow. In 2021 Craft Venture asset was recorded to be $2 billion.

All-In Podcast:

The All-In podcast is another invention of David on YouTube where he and his friends Jason Calacanis, David Friedberg & Chamath Palihapitiya do interviews with different entrepreneurs, technologists, and investors to share their thoughts about the economic situation, tech things, and political issues.

There are different income sources related to David Sucks. As mentioned above, he served as a COO, interim CEO, and producer in different organizations. From this, he has added a good value to his net worth. The annual net worth of Sacks is as follows;

He is currently living in Tennessee, US, in a luxury mansion. He has cars like Tesla Model X, Porsche 911, Ferrari 488, and more. He also owned a $70 million yacht.

David was born on May 25, 1972. He is 51 years old, 6 feet and 1 inch tall.

Different quotes from David are spread all over the internet, but a few of them are;

• “After PayPal, I never thought I would get interested in payment again. But Bitcoin is fulfilling PayPal’s original vision to create ‘the new world currency’.”
• “A country whose first priority is defending another nation’s border must not have any serious problem of its own.”

• He is a Bitcoin protestor. 
•  He is good at playing Chess.

David Sacks, a prominent figure in the tech industry, has made a significant impact through startups and investments. His journey includes pivotal roles in companies like PayPal and the founding of successful ventures such as Yammer. In addition, Sacks has invested in Uber and Airbnb. With an estimated net worth of $1.5 billion, he has created a legacy of entrepreneurship, innovation, and investment.