Twitter has made Jack Dorsey a Billionaire, he co-founded it in 2006.
Dorsey’s career in Silicon Valley has been turbulent, after cofounding Twitter in 2006, he was booted as the company’s CEO, two years later he took leadership of the popular social networking platform. He returned in 2015 having set up his second company, Square.
Since then, he has led the company through the techlash that has engulfed social media companies, at one point testifying before Congress alongside Facebook COO Sheryl Sandberg.
Meanwhile, Dorsey has provoked his fair share of controversy and criticism, extolling fasting and ice baths as part of his daily routine. His existence is not entirely spartan, however. Like some other billionaires, he owns a stunning house, dates models, and drives fast cars.
As you read on, you will see the fabulous lifestyle of tech billionaire, Jack Dorsey.
Dorsey began programming at age 15, while attending Bishop DuBourg High School in St. Louis, he wrote dispatch software that is still used by some taxi companies.
When he wasn’t checking out speciality electronics stores or running a fantasy football league for his friends, Dorsey frequently attended punk-rock concerts.
Like many of his fellow tech billionaires, Dorsey never graduated college, in 2000, Dorsey built a simple prototype that let him update his friends on his life via BlackBerry and email messaging.
In his early career days, Jack Dorsey got a job at a podcasting company called Odeo, where he met his future Twitter cofounders.
Odeo went out of business in 2006, so Dorsey returned to his messaging idea, and Twitter was born.
Dorsey and his cofounders, Evan Williams and Biz Stone, bought the Twitter domain name for roughly $7,000.
On March 21, 2006, Dorsey posted the first tweet.
Dorsey took out his nose ring to look the part of a CEO. He was 30 years old when he started twitter.
By 2008, Williams had taken over as CEO, and Dorsey transitioned to chairman of Twitter’s board. Dorsey immediately got started on new projects. He invested in Foursquare and launched a payments startup called Square that lets small-business owners accept credit card payments through a smartphone attachment.
In 2011, Dorsey got the chance to interview US President Barack Obama in the first Twitter Town Hall.
Twitter went public in November 2013, and within hours Dorsey was a billionaire.
In 2014 Forbes pegged Dorsey’s net worth at $2.2 billion. As of March of this year he was worth roughly $5.1 billion.
It was revealed in a 2019 filing that Dorsey earned just $1.40 for his job as Twitter CEO the previous year.
The $1.40 salary actually represented a pay rise for Dorsey, who in previous years had refused any payment at all.
He’s far from the only Silicon Valley mogul to take a measly salary, Mark Zuckerberg makes $1 a year as CEO of Facebook.
Dorsey does, however, hold Twitter shares worth $557 million at the time of the filing.
He might have been worth more had he not given back 10{568489cf35ea458dc74a642d4e9df9f8045a1623c75cd416c14940fd0c12fbd1} of his stock to Square.
With his newfound wealth, he bought a BMW 3 Series, but reportedly doesn’t drive it often.
He also reportedly paid $9.9 million for this seaside house on El Camino Del Mar in the exclusive Seacliff neighborhood of San Francisco.
He works from home, one day a week. He also told Kara Swisher that Elon Musk is his favourite Twitter user.
Dorsey said Musk’s tweets are, “focused on solving existential problems and sharing his thking openly.”
He added that he enjoys all the “ups and downs” that come with Musk’s sometimes unpredictable use of the site. Musk himself replied, tweeting his thanks and “Twitter rocks!” followed by a string of random emojis.
Mark Zuckerberg once served Jack Dorsey a goat he killed himself.
In the early days of Twitter, Dorsey aspired to be a fashion designer.
Dorsey frequently travels the world and shares his photos with his 4 million Twitter followers.
Dorsey tweeted glowingly about a vacation he took to Myanmar for his birthday in December 2018. “If you’re willing to travel a bit, go to Myanmar,” he said.
When he’s not in Washington, Dorsey regularly hops in and out of ice baths and saunas.
Dorsey’s dating life has sparked intrigue. In 2018, he was reported to be dating Sports Illustrated model Raven Lyn Corneil.
Page Six reported in September last year that the pair were spotted together at the Harper’s Bazaar Icons party during New York Fashion Week. Page Six also reported that Dorsey’s exes included actress Lily Cole and ballet dancer Sofiane Sylve.
He’s a big believer in cryptocurrency, frequently tweeting about its virtues.
In particular, Dorsey is a fan of Bitcoin, which he described in early 2019 as “resilient” and “principled.” He told the “Tales of the Crypt” podcast in March that he was maxing out the $10,000 weekly spending limit on Square’s Cash App buying up Bitcoin.