David Sacks is an American author, investor in internet technology companies, and entrepreneur. He is co-host of the All In podcast and the general partner of Craft Ventures, which he co-founded in late 2017. Sacks was once Yammer’s founder and CEO, as well as PayPal’s COO and product leader.
He served as Zenefits’ acting CEO for ten months in 2016. Sacks co-founded Craft Ventures, an early-stage entrepreneurial fund, in 2017. Among the companies in which he has made angel investments are Facebook, Uber, SpaceX, Palantir Technologies, and Airbnb.
There is much to learn about David Sacks’s biography; please read on patiently. You will discover more information about David Sacks’s net worth, age, bio, wiki, wife, body measurements, personal life, social media presence, and more.
David Sacks’ net worth
David Sacks’ estimated net worth is approximately $1.5 billion as of 2024. His wealth was amassed from several profitable endeavors, such as Yammer, which Microsoft purchased in 2012 for a price above $1 billion. In addition, Sacks is a well-known investor in several businesses, such as SpaceX, Uber, and Airbnb.
| Net worth | $1.5 billion |
| Salary | $170 million per month |
| Source of income | Businesses and Investments |
| Profession | Entrepreneur, Author, and tech investor |
David Sacks’ early life and education
David Sacks was born to Lithuanian-Jewish parents in Cape Town, South Africa, on May 25, 1972. He is 52 years old as of 2024. Sacks was born into a Lithuanian-Jewish family in Cape Town, South Africa, and moved to Tennessee, USA, when he was five.
Sacks did not want to work as an endocrinologist like his father, even if he was unsure if he wanted to be an entrepreneur. His grandpa, who established a confectionery in the 1920s, served as an inspiration to him. His parents migrated from the United States. David Sacks holds a dual nationality of American and South African. He is also of mixed ethnicity.
Sacks attended Tennessee’s Memphis University School. He graduated with a B.A. in economics in 1994 from Stanford University and a J.D. in 1998 from the University of Chicago Law School.
Quick wiki/bio
| Full name | David Oliver Sacks |
| Stage name | David Stacks |
| Date of birth | May 25, 1972 |
| Place of birth | Cape Town, South Africa |
| Nationality | Dual (American and South African |
| Age | 52 years old as of 2024 |
| Zodiac sign | Gemini |
| High School | Tennessee’s Memphis University School |
| University | Stanford University University of Chicago Law School |
| Credentials | B.A. in economics J.D. in 1998 |
| Profession | Tech investor, Author and entrepreneur |
David Sacks Career
David Sack is an entrepreneur, an author, and an investor. Sacks has an exciting career and many experiences in many fields. Sacks started his career as a management consultant before joining PayPal in 1999.
Paypal
David Sacks together, Max Levchin and Peter Thiel had founded PayPal a year before he became the Chief Operating Officer (COO) in 1999. In addition to establishing many of the company’s important teams, his roles as COO and product leader at PayPal included overseeing customer support, fraud operations, business development, international operations, product management and design, sales and marketing, and human resources.
In February 2002, PayPal made its first public offering. After the September 11 attacks, it was among the first initial public offerings. On the first day, the stock increased by more than 54%. eBay paid $1.5 billion to acquire PayPal in October of 2002.
Sacks is a part of the group of former PayPal workers and founders known as the “PayPal Mafia,” who went on to launch several other profitable technology businesses. They are often credited for inspiring the resurgence of consumer-oriented Internet businesses following the 2001 dot com bust and Web 2.0.
After acquiring PayPal, Sacks used his production business, Room 9 Entertainment, to develop and fund the Thank You for Smoking film. The 2023 film Dalíland, about artist Salvador Dalí, was formed and produced by Sacks.
Geni.com
Sacks launched the genealogical website Geni.com in 2006. This internal messaging platform was spun out as a separate business called Yammer in 2008 by Sacks and co-founder Adam Pisoni. In 2012, MyHeritage bought Geni.
Yammers
Yammer won the main prize at the TechCrunch50 conference in 2008 for launching the first Enterprise Social Network, a secure platform for internal company communication and collaboration. With over eight million enterprise users in only four years, Yammer is one of history’s fastest-growing Software-as-a-Service (SaaS) firms, according to Social Capital, thanks to its viral strategy. Many venture capital organizations, including Founders Fund, Emergence Capital Partners, Charles River Ventures, and Goldcrest Investments, provided Yammer with money totaling about US$142 million.
Microsoft paid $1.2 billion to acquire Yammer in July 2012, and the acquisition was a key component of its cloud/social strategy.
Others investments
Sacks made a “significant investment” in Zenefits in December 2014. Amidst a “regulatory crisis” about the company’s license compliance, Zenefits’ board requested that he assume the role of temporary CEO in January 2016. Sacks was praised for “righting the ship” when he worked with insurance regulators nationwide to achieve a resolution over the following year. Additionally, Sacks redesigned Zenefits’ product portfolio through an effort he called “Z2” present, presenting a business model in. efits was soon dubbed “the best H.R. software on the market” by P.C.
Magazine. Buzzfeed revealed that the company was losing more than $200 million annually. Sacks lasted just ten months in the position before being replaced by Jay Fulcher, the former CEO of Ooyala.
For the past 20 years, Sacks has made investments in tech startups.40] He has invested in 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 as an angel investor.
After raising an initial $350 million fund, Sacks co-founded Craft Ventures in late 2017. As per the company’s Medium post, Craft raised $1.1 billion in 2021, bringing the total assets under control to $2 billion. Unicorns in Craft Ventures Fund I and Fund II include ClickUp, Pipe, SpaceX, Reddit, Bird, BitGo, and SourceGraph.
David Sacks Podcast
David Sacks is a co-host of the All-In podcast. The all-In podcast is a popular and informative podcast that various topics like technology, business, politics, culture, current trends, events, and news,
David Sacks’ personal life
In 2007, David Sacks married Jacqueline Tortorice, a businesswoman and the founder of Saint Haven, a soft and skin-friendly fabric. They are the parents of three children: one son and two daughters. They are residents of San Francisco, California.
| Marital status | Married |
| Partner | Jacqueline Tortorise |
| Parents | Samuel Sacks (Father) Muriel Elsie Landau (Mother) |
| Siblings | Jonathan Sacks (Brother) |
| Children | Three |
David Sacks wife
David Sacks’ wife is called Jacqueline Tortorice, an entrepreneur. The couple got married on July 7, 2007. Jacqueline owns Saint Haven, which produces soft and skin-friendly fabrics. She is also a philanthropist and a mother of three children.
Jacqpowerueline also serves on the board of directors of the Sacks Family Foundation.
David Sacks and his wife, Jaqueline Tortorice, are a power couple in the tech industry and social scene.
Height, weight, and physical appearance
David Sacks is about 6 feet 1 inches tall, and his weight is unknown. He has brown hair and blue eyes.
| Weight | Unknown |
| Height | 6 feet 1 inches |
| Body measurements | Unknown |
| Hair color | Brown |
| Eye Color | Blue |
Social media presence
David Sacks is a tech and social media influencer. He has a robust social media presence with over 1.2 million followers on Twitter (X) and 441K subscribers on YouTube. Sacks is also active on other social media platforms. You can follow him or view his posts on the following social media platforms:
| Twitter (X) | @DavidSacks |
| David O. Sacks | |
| Unavailable | |
| Unavailable | |
| Youtube | David O. Sacks |
David Sacks Twitter
David Sackers is an active Twitter (X) user. He has over 1.2 million followers on Twitter (X). David Sacks shares his opinions on technology, business, politics, and culture on his Twitter handle.
Frequently Asked Questions
Who is David Sacks?
David Sacks is an entrepreneur and tech investor.
What is David Sacks’ net worth?
David Sacks has a net worth of $1.5 billion.
Where does David Sacks reside?
He resides in his primary home in Los Angeles.
Who is David Sacks’ wife?
Jacqueline Tortoise is David Sacks’s wife, an entrepreneur, and a philanthropist.
How old is David Sacks?
He is 52 years old as of 2024.
