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Who is Paypal’s Former COO, David Sacks? Know his Net Worth & Investments

Who is Paypal’s Former COO, David Sacks? Know his Net Worth & Investments
Source: CNBC

An African entrepreneur, David Oliver Sacks, gained prominence after leading PayPal as its COO. This article talks about David Sacks’s net worth and the massive factors that contributed to it. It also explains the personal life, career, and family of David Sacks.

David Sacks is an African entrepreneur, author, and investor who is known for being the initial COO and product leader of PayPal. Besides his entrepreneurial journey, David Sacks is often known for the massive net worth he earns. In this article, we have listed everything about the net worth of David Sacks and its controversial factors.

Who is David Sacks?

Who is Paypal’s Former COO, David Sacks? Know his Net Worth & Investments

David Oliver Sacks was born on May 25, 1972 (age 52 years; as of 2024) in Cape Town, South Africa. Brought up in a medical family, David Oliver Sacks’ father, Samuel Sacks, is a physician and his mother, Muriel Elsie Landau, is a surgeon. Despite having a strong medical background, David Sacks never wanted to pursue a career in the same.

David attended Memphis University School, in Memphis, Tennessee. Following graduating from high school, David Oliver Sacks pursued a Bachelor of Arts in Economics from Stanford University, California. Further, he attended the University of Chicago Law School where he obtained a Doctor of Law.

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What is the net worth of David Sacks?

Listed among the few billionaires, as of 2024, David Sacks has an estimated net worth of $1.7 billion. Besides entrepreneurship, several factors contribute to the net worth of David Sacks.

NameDavid Sacks
Full NameDavid Oliver Sacks
Net Worth (As of 2024)$1.7 Billion
ProfessionEntrepreneur, Author, and Investor
Monthly Income$5 Million, approximately
Yearly Income$60 Million, approximately

Factors Contributing to the Net Worth of David Sacks

Entrepreneurship

This billionaire entrepreneur has gained an illustrative career in business. Besides PayPal, David Sacks has significantly contributed to the list of popular websites including Gein.com, Yammer, Zenefits, Angel Investments, Craft Ventures, and Glue.

Who is Paypal’s Former COO, David Sacks? Know his Net Worth & Investments

Car Collection

As of 2024, David Sacks’ car collection includes a Ferrari 488, a Porsche 911, and a Tesla Model S. While there is more to the enviable collection of David Sacks, they are not revealed on the internet.

Private Jet

A media house reports about David Sacks having a private jet, a Gulfstream G550. This private jet, which has a capacity of 19 people. Additionally, the jet can go as fast as Mach 0.85.

A Private Yacht

In 2011, David Sacks bought a yacht for $12 million. Nevertheless, in 2022, he sold the yacht for $10 million.

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Career

Below we have mentioned a short description of David Sacks’ career,

  • After pursuing a Doctorate in Law, David Sacks obtained a job as a management consultant for McKinsey & Company.
  • In 1999, he resigned from McKinsey & Company to join Confinity. In the same year, he was appointed as the inaugural product leader of Confinity’s Paypal. 
  • In 2005, following a successful business tenure, he ventured into the film business wherein he financed and produced Thank You For Smoking, a political satire. The film turned into one of the most successful films of the year earning millions at the box office.
  • In 2006, David Sacks established Geni.com, a genealogy website.
  • In 2014, David made an extensive investment in Zenefits, a technology company based in San Francisco.
  • Besides Zenefits, David has made investments in Addepar, Affirm, Airbnb, Clutter, Eventbrite, Facebook, Gusto, Houzz, Intercom, Mixpanel, Opendoor, Palantir Technologies, PayPal, Postmates, ResearchGate, Rumble, Scribd, Slack, SpaceX, SurveyMonkey, ThirdLove, Uber and Wish.

Personal Life

On July 7, 2007, David Sacks entered into a marriage with Jacqueline Tortorice, a homemaker. In 2009, David Sacks and Jacqueline’s first daughter, Isabelle, was born. In 2011, the couple welcomed their second daughter, Georgia. In 2014, their son, Henry, was born.

Do You Know These lesser-known Facts About David Sacks?

  • A child prodigy, David Sacks often participated in chess tournaments.
  • During his freshman year, he joined Yale’s Skull and Bone Society.
  • David Sacks is an angel investor. According to a media report, he was the first to invest money in Airbnb.
  • Reportedly, David Sacks is a Bitcoin critic.
  • According to his social media post, David Sacks occasionally consumes alcohol.
  • He shares a close relationship with X (formerly, Twitter) CEO, Elon Musk.
  • Besides being an entrepreneur, David Sacks is a philanthropist.

About the author

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Simon Hopes

Simon Hopes, an ardent Hollywood fan, attended the California State University, obtaining a Bachelor of Arts degree in Journalism and Mass Communication. Delving into his passion for entertainment, Simon joined as a staff writer at The Collider where he honed his skills and gained valuable experience in years. At The Next Hint Media, Simon serves as a senior writer, summoning his expertise to deliver captivating articles related to entertainment and Hollywood industry. With a passion of covering unusual and latest trends, he ensures to captivate the reader's attention with his entertaining and updated articles. His dedication to his craft makes him a valuable asset in the The Next Hint Media’s Entertainment team.

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