What Is Jack Dorsey’s Net Worth? Read to the head for the update about his 2021 net worth after Twitter Farewell.
Twitter’s outgoing CEO has had a detached attitude toward his money, donating a large portion of it.
TWTR (Twitter) (T According to the Bloomberg Billionaires Index, Twitter, Inc. Co-Founder and Chief Executive Jack Dorsey, 45, who announced his departure from Twitter on Monday, is the world’s 174th richest person, with a net worth of $12.3 billion.
Dorsey’s net worth is less than a tenth of that of the world’s richest man, Elon Musk, whose fortune is largely invested in the electric vehicle company Tesla TSLA. According to Bloomberg, Musk’s entire net worth is $296 billion. Dorsey, on the other hand, was never on that route.
Dorsey, who is also the CEO of digital payments company Square (SQ) – Get Square, Inc. Class A Report, has kept a detached attitude toward his wealth and is known for leading a minimalistic lifestyle that includes vegan food, intermittent fasting, odd diets like eating only one meal a day, ice baths, and a strict meditation routine.
“I don’t really worry about the money parts of it,” Dorsey told Rich Kleiman, host of “The Boardroom: Out of Office” podcast, last year. “Probably because all of my wealth is truly locked up in these two companies.” According to Business Insider, Dorsey stated, “I have to sell shares in order to get access to any of that.”
Dorsey was alluding to Twitter and Square, which have respective market capitalizations of $36.59 billion and $98.16 billion.
In April 2020, he pledged to donate $1 billion – or 28 percent of his net fortune at the time – to Covid-19 relief and other charities by donating 20 million shares of Square stock.
In an effort to attract and retain talent, he donated one-third of his Twitter shares to his staff in May 2016. “I’d rather have a smaller role of something big than a bigger part of something little,” he added on Twitter.
Dorsey has a history of driving democratic decision-making procedures at Twitter as a business leader.
He’s also been a source of controversy. Twitter voted to ban then-President Donald Trump under his leadership.
Dorsey has previously stated in congressional hearings that he wants to make Twitter’s content filtering processes more transparent in order to restore users’ trust in the social media site.
Dorsey is also a big supporter of Bitcoin.
According to CNBC, Dorsey told a gathering at Bitcoin 2021, a mega-conference that brought tens of thousands to Miami in June, “If I weren’t at Square or Twitter, I’d be working on bitcoin.”
He hopes that Twitter “becomes the most transparent corporation in the world” as a parting gift.
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