As of 2025, David Sacks has an estimated net worth of $250 million. He’s a well-known entrepreneur and investor, recognized for his role in the tech industry.
As the former COO of PayPal, he played a key part in shaping one of the most successful online payment platforms.
Beyond PayPal, Sacks co-founded Yammer, a social networking tool for businesses that Microsoft later acquired for $1.2 billion. His keen insights into technology and business have made him a significant figure in Silicon Valley.
Overview
David Sacks is a well-known entrepreneur and investor with an estimated net worth ranging from $250 million to $2 billion.
This variation in estimates often comes from different sources, with some citing figures as specific as $200 million or even up to $2.2 billion.
Sacks gained much of his wealth through his role as the first Chief Operating Officer (COO) of PayPal. In 2002, eBay bought PayPal for $1.5 billion, marking a significant point in his career.
He also founded Yammer, an enterprise social networking platform acquired by Microsoft for $1.2 billion in 2012.
In addition to these accomplishments, Sacks co-founded Craft Ventures, a venture capital firm managing nearly $3.3 billion in assets.
His investments span several successful companies such as Facebook, Uber, SpaceX, and Airbnb.
His diverse portfolio reflects how active he remains within the tech industry and highlights his importance as a leading figure among entrepreneurs and investors today.
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David Sacks Wiki Biography
| Category | Details |
|---|---|
| Name | David Sacks |
| Net Worth | Estimated at $250 million as of 2025. |
| Education | Worked at McKinsey & Company before entering the tech field. |
| Career Roles | Co-founder of PayPal, Yammer, and Geni.com; invested in companies like Facebook and Uber. |
Early Life and Education
David Sacks worked as a management consultant at McKinsey & Company before he entered the technology industry.
- PayPal: He was a co-founder and served as the first Product Leader. Later, he became the Chief Operating Officer. Under his leadership, PayPal grew significantly and sold to eBay for $1.5 billion in 2002.
- Yammer: He founded this social networking platform for businesses. Microsoft acquired Yammer for $1.2 billion in 2012.
- Geni.com: He started this genealogy website, which MyHeritage acquired in 2012.
Through these roles, David Sacks made important contributions to technology that influenced many users worldwide.
Early Life and Career Beginnings
David Sacks started his career as a management consultant at McKinsey & Company. This role provided him with valuable experience in business strategy and operations. In 1999, he joined PayPal, where he became the first Chief Operating Officer (COO).
At PayPal, Sacks played an important role in building key departments like Sales & Marketing, Customer Service, and Human Resources.
Under his leadership, the company’s annual revenue grew to over $200 million within three years. In 2002, eBay acquired PayPal for $1.5 billion.
After leaving PayPal, Sacks founded several successful companies. In 2006, he launched Geni.com, a website focused on family trees and genealogy. MyHeritage acquired Geni.com in 2012.
Sacks’ early career laid a strong foundation for his future successes in the tech industry.
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Family and Education
David Sacks comes from a supportive family background that values education. He was born on May 25, 1972, in Cape Town, South Africa. His parents played an important role in shaping his early interests and ambitions.
Sacks attended the prestigious University of Chicago, where he earned a Bachelor of Arts degree in Economics.
This foundation in economics provided him with essential knowledge that later influenced his career choices and entrepreneurial ventures.
After completing his undergraduate studies, Sacks pursued further education at Stanford University. There, he obtained a J.D., which is a law degree.
His time at Stanford helped him develop critical thinking skills useful for his future roles in tech and business.
His educational journey set the stage for success in various fields, including technology and venture capital.
David Sacks remains connected to both institutions through ongoing support and engagement with students and alumni networks.
Professional Career
David Sacks has an impressive professional career marked by significant achievements in the tech industry.
PayPal
In 1999, Sacks joined PayPal as its first Chief Operating Officer (COO). He played a vital role in growing the company, handling areas like Sales & Marketing, Customer Service, and Human Resources.
During his time at PayPal, the company’s annual revenue exceeded $200 million within three years. In 2002, eBay purchased PayPal for $1.5 billion, cementing Sacks’ reputation in Silicon Valley.
Yammer
In 2008, Sacks founded Yammer, an enterprise social networking platform designed to enhance communication within organizations.
Under his leadership, Yammer grew rapidly and attracted millions of users. Microsoft acquired Yammer in 2012 for $1.2 billion, further highlighting Sacks’ success as an entrepreneur.
Geni.com
Sacks also established Geni.com, a genealogy website that allows users to build family trees online. This platform gained popularity for connecting families and sharing ancestral information.
Craft Ventures
In addition to these ventures, Sacks co-founded Craft Ventures, a venture capital firm managing nearly $3.3 billion in assets. This firm invests in various successful companies across multiple sectors.
David Sacks’ diverse experience and accomplishments demonstrate his influential role in shaping the tech landscape and highlight his expertise as a businessman and investor.
David Sacks Net Worth and Income Streams
As of 2025, David Sacks has an estimated net worth at $250 million. This range comes from the private nature of his finances and the complexity of valuing his investments.
Key Income Sources
PayPal
- David Sacks served as the first product leader and later as Chief Operating Officer (COO) at PayPal. His work contributed to the company’s growth, leading to its acquisition by eBay for $1.5 billion in 2002.
Yammer
- He founded Yammer in 2008, creating a platform for business communication. Microsoft acquired Yammer for $1.2 billion in 2012, further boosting Sacks’ wealth.
- Sacks co-founded Craft Ventures, a venture capital firm managing nearly $3.3 billion in assets. He invested in successful companies like Facebook, Uber, SpaceX, and Airbnb.
These income streams highlight how David Sacks built his fortune through key roles in major tech firms and strategic investments.
Business Ventures and Investments
David Sacks has made significant strides in the tech industry through various business ventures and investments.
PayPal
Sacks co-founded PayPal in 1998, serving as the company’s first Chief Operating Officer (COO). Under his leadership, PayPal’s revenue surged to over $200 million annually within three years. In 2002, eBay acquired PayPal for $1.5 billion, marking a major milestone in Sacks’ career.
Yammer
In 2008, Sacks founded Yammer, an enterprise social networking platform aimed at enhancing workplace communication. This innovative tool gained popularity quickly, leading to Microsoft’s acquisition of Yammer in 2012 for $1.2 billion.
Craft Ventures
In 2017, Sacks co-founded Craft Ventures, a venture capital firm that focuses on early-stage startups. The firm has raised approximately $1.32 billion across its two funds and manages total assets of around $3.3 billion.
Other Investments
Sacks is also known for investing in well-known companies like Facebook, Uber, SpaceX, and Airbnb. His diverse investment portfolio reflects his strong presence and influence in Silicon Valley.
Through these ventures and investments, David Sacks established himself as a key player in the tech sector while building a substantial net worth estimated between $250 million to $2 billion as of 2025.
David Sacks Age, Weight, and Height
David Sacks’ specific age, weight, and height are not publicly available. These personal details often remain private for many individuals in the tech industry. However, some general information is known about him.
- Age: David Sacks was born on May 25, 1972. As of 2024, he is 51 years old.
- Weight: No verified data exists regarding his weight.
- Height: There’s no confirmed information about his height either.
While these details may be of interest to fans and followers, they do not impact his achievements or contributions to technology and business.
David Sacks Spouse and Relationship
David Sacks is married to Jacqueline Tortorice. They tied the knot on July 7, 2007. The couple has two daughters, although some sources mention they may have three children. Their family life remains private, with few details shared publicly.
Sacks values his role as a husband and father alongside his successful career in technology and investments. The balance between family and work reflects his commitment to both personal and professional growth.
Conclusion
David Sacks’ journey in the tech industry exemplifies a blend of innovation and strategic insight. His significant contributions to companies like PayPal and Yammer have not only shaped his impressive net worth but also impacted the broader landscape of technology.
As he continues to invest in early-stage startups through Craft Ventures, Sacks remains a pivotal figure in Silicon Valley.
His ability to navigate challenges while fostering growth illustrates the importance of adaptability in entrepreneurship.
Balancing family life with professional pursuits, Sacks sets an inspiring example for aspiring entrepreneurs. Overall, his story underscores that success is built on both vision and perseverance.
Frequently Asked Questions
What is David Sacks’ estimated net worth as of 2025?
David Sacks’ estimated net worth ranges from $250 million as of 2025, reflecting his significant contributions to the tech industry and successful investments.
What role did David Sacks play at PayPal?
David Sacks served as the first Chief Operating Officer (COO) of PayPal, where he was instrumental in its rapid growth, helping the company exceed $200 million in annual revenue within three years.
What companies has David Sacks co-founded?
Sacks co-founded several notable companies, including Yammer, a business-focused social networking tool acquired by Microsoft for $1.2 billion in 2012, and Geni.com, a genealogy website bought by MyHeritage in the same year.
What is Craft Ventures?
Craft Ventures is a venture capital firm co-founded by David Sacks that manages nearly $3.3 billion in assets. The firm focuses on early-stage startups and has raised approximately $1.32 billion across its two funds.
Where did David Sacks receive his education?
David Sacks earned a Bachelor of Arts degree in Economics from the University of Chicago and later obtained a J.D. from Stanford University, providing him with a solid foundation for his career in technology and business.
How many children does David Sacks have?
David Sacks is married to Jacqueline Tortorice and they have two daughters; however, some sources suggest they may have three children altogether.
When was David Sacks born?
David Sacks was born on May 25, 1972. As of 2024, he is currently 51 years old.
What previous experience did David Sacks have before entering tech?
Before entering the tech field, David Sacks worked as a management consultant at McKinsey & Company. This experience helped him develop vital skills in business strategy and operations that contributed to his future successes.
