Jack Dorsey, born on November 19, 1976, in St. Louis, Missouri, is the co-founder and CEO of social networking service Twitter and the founder and CEO of mobile payment service Square.
Jack Dorsey Net Worth 2019: $4.9 Billion
Jack Dorsey, the CEO of tech giants Twitter and Square, has a reported estimated net worth of $4.9 billion as of 2019.
Jack Dorsey Life & Career
Born and raised in St. Louis, Dorsey attended the Catholic Bishop DuBourg High School before heading to the University of Missouri–Rolla. Dorsey attended the University of Missouri–Rolla for over two years before transferring to New York University, where he would eventually drop out.
Dorsey reportedly came up for the idea that developed into Twitter while attending NYU.
After dropping out of NYU, Dorsey moved to California in the year 2000, where he started his a company in Oakland, California, to dispatch couriers, taxis, and emergency services from the internet.
In 2006, Dorsey launched Twitter alongside of Noah Glass, Biz Stone, and Evan Williams. During the early years, Dorsey was the company’s CEO, where he oversaw two rounds of venture capitalists funding.
In 2008, Evan Williams took over as Twitter CEO, leading Dorsey to become chairman of the board.
Square is founded by Jack Dorsey On February 1, 2009, Jack Dorsey founded Square, a small business platform to accept debit and credit card payments on a mobile device called Square. Square was launched in May 2010. Dorsey has remained CEO and Chairman of Square to this day.
In March of 2013, Dorsey was interviewed by Lara Logan of 60 Minutes.
In 2015, Dorsey returned as CEO of Twitter on an interim basis before being announced as the permanent CEO on October 5, 2015. Also in 2015, Square became a publicly traded company.
Furthermore, in 2015, In 2015, Dorsey approximately 33% of his Twitter shares to the company’s employees.
In 2018, Square announced that it will acquire website-building service Weebly for approximately $365 million.
Despite his position as CEO in both Twitter and Square, Dorsey does not take a salary from either company.