Jack Dorsey co-founded Twitter in 2006 alongside three other masterminds. He served as Twitter CEO until 2008 and returned to the role in 2015. According to GO Banking Rates, the company’s net worth is an unfathomable $12.2billion.
This is equal to approximately £10.4billion.
Readers may be surprised to know that Jack is a university dropout.
But at only 45 years old, he is already a billionaire.
There are only 2,755 billionaires in the entire world.
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Most of us will (sadly) never see billions, but to indicate just how much even £1billion is, America’s presidential White House is worth $398million.
This is around £299million.
A billionaire could purchase this property twice over – with change.
According to Forbes magazine, while the billionaire is stinking rich, he isn’t greedy.
He reportedly gave nearly one third of his Twitter shares to employees in 2016.
In April he pledged to donate $1billion to Covid relief and other causes, via gifts of his Square stock.
This is around £751million.
Another company under the entrepreneur’s belt is Square, which he co-founded in 2010.
It allows users to swipe their card, choose an amount to transfer to the recipient and then sign their name for confirmation, all on a mobile device.
With a net worth of $6.517billion, it may even surpass Twitter one day.
This is almost £4.9billion.
Parag Agrawal, Twitter’s CTO, has been tipped to take over Jack’s role as CEO of Twitter.
During his time as CEO, he was subject to much controversy and even had to defend his company in front of Congress.
Jack will be focussing more on his other business, Square.
He hopes that it will venture into the business of Bitcoin.
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