Jack Dorsey is an internet entrepreneur and businessman, best known for founding Twitter and Square. He has an estimated net worth of $2.5 Billion.
Dorsey grew up in Missouri, USA where he attended Missouri University. Later he would attend NYU, where he would first come up with the prototype of Twitter. Dorsey had been interested in starting his own ventures for a while, and dabbled in creating taxi dispatch software as well as networking medical devices and developing frictionless electronic markets.
In 2000, Jack Dorsey came up with this idea of a site that would allow for quick status updates between friends; it has been said that the idea originated on a simple napkin. With initial investments from Odeo, Jack and cofounders Noah Glass and Biz Stone went on to create an online company Obvious, which would eventually build what Twitter is today.
Twitter has since been valued at over $100 Billion with over $300 million users.
In 2010, Dorsey left Twitter to found Square, a mobile payments company that provides credit and debit card services to small and medium sized retail businesses. Square has since been valued at $6 Billion.
In October 2015, Jack returned to Twitter as CEO, as shareholders and board members hoped that the creator would be able to rescue a floundering company. Twitter’s lagging growth in userbase and monetization had forced shareholders to oust CEO Dick Costolo and bring back Dorsey’s inventive mind in hopes of revitalizing the company.
Together with his dual-CEO positions and stakes in Twitter and Square, Dorsey’s net worth is approximately $2.5 Billion.
Quick Facts about Jack Dorsey
Profession: CEO of Twitter and Square
Height: 5ft 11in
Ethnicity: English, Caucasian
Date of Birth: November 19, 1976
Place of Birth: San Francisco, California, U.S.
Education: New York University