Jack Dorsey is a well-familiar computer programmer and Internet entrepreneur who rose to fame as the co-founder and co-creator of Twitter. He served as the CEO of Twitter before becoming the Executive Chairman. Dorsey was also the co-founder of Square. To know more about the net worth of Jack Dorsey in 2020, keep reading the following article.
Early Life & Biography:
Jack Patrick Dorsey was born on November 19, 1976, in St. Louis, Missouri to his parents Tim Dorsey and Marcia. His father was an engineer of medical equipment and worked for a company that developed mass spectrometers while his mother was a homemaker. He got enrolled at the Catholic Bishop DuBourg High School.
Because of his father’s job, their family require to move frequently from one place to another. This helped Jack to develop a love for maps. Dorsey had become interested in dispatch routing while he was fourteen. His interest in computers made him a member of his school’s computer club.
Dorsey spent most of his time studying the available model of IBM computers. Before transferring to New York University, he attended the University of Missouri–Rolla for two-plus years, but he dropped out after completion of the first semester in 1999. While studying at the New York University, he first came up with an idea which he developed as Twitter.
He did not stay long at the University to complete his degree and dropped out to work on his idea.
Coming to his personal life, Dorsey has dated many women. He has been in a relationship with Kate Greer who is his Yoga instructor. Earlier he had been in a relationship with Lily Cole who is a British model and actress. He hasn’t married anyone, and he doesn’t have children. He publicly stated that Twitter and Square are his children’s.
Career, Awards & Nominations:
Dorsey started his career as a programmer and shifted to Oakland, California in 2000. Then he started a company to dispatch couriers, taxis, and emergency services by using his own dispatch service. Meanwhile, he started working on other projects which included the idea of networks of medical devices and a frictionless service market.
Dorsey has also inspired by the idea of Web-based real-time status/short message communication service. But his company failed, and he started living by freelancing and even attended massage therapy courses. He met Odeo to explain his idea which at the time happened to be interested in text messaging.
He managed to draw the interest of Evan Williams who is the co-founder of Odeo and Biz Stone who is one of the company’s executive. Dorsey, along with Evan Williams, Biz Stone, and some other members of Odeo co-founded Obvious Corporation which was later spun off to Twitter.
Initially, Dorsey served as the Twitter’s CEO, and later in 2008, William took over the place of Dorsey, while he became the chairman of the board. Dorsey left the Twitter for two years and returned on October March 28, 2011, as the Executive Chairman.
On December 24, 2013, Dorsey joined the board of directors of The Walt Disney Company. In 2008, he was included in the MIT Technology Review TR35 as one of the best and top 35 innovators in the world under the age of 35. In 2012, he was awarded the Innovator of the Year Award for the technology by The Wall Street Journal.
Net Worth & Earnings:
The estimated earnings of Dorsey is over $2.5 billion. He made all this fortune by co-creating and co-founding the Twitter. Dorsey first became a billionaire in 2012, with a net worth of more than $1 billion.
Dorsey was also a board member of the Berggruen Institute’s Governance Center. In 2013, he was regarded as the World’s Most Eligible Bachelor by Forbes. Dorsey is also the co-founder of Square which is developed as a small business platform to accept debit and credit card payments on a mobile device.