Jack Dorsey Net Worth
Net Worth: $2.2 Billion
About Jack Dorsey
Jack Dorsey is an american web developer and Internet Entrepreneur with a net worth of approximately US $2.2 billion as of March 2014. He is the #696th richest billionaire in the world and stands tall on the list of Forbes 400 richest people. After Bringing Twitter public and successfully raising money for the IPO Jack starts a new project called Square, which is a mobile payments company. The app supports manually entering the card details or swiping the card through the Square Reader, a small plastic device which plugs into the audio jack of a supported smartphone or tablet and reads the magnetic stripe. So if you’re a business you simply set up a merchant account and accept payments from customers who swipe their credit card or debit card on the plastic device connected to your smartphone to accept payment. Square is well overvalued at $4 billion dollars and has a long ways to grow in the market of finance services through the technology industry.
With more than one founding in a company how much in the future will Jack Dorsey be worth? Will his technology empires rise or keep them at their peak until he uses his profits to start another project or invest in other start ups ? Maybe he might get involved into a different industry and make something bigger out of it. Maybe he might just be an investor it all depends on what this tech entrepreneur has in mind for the future of growing his empire. We don’t know exactly how many shares he owns in Square but we are sure that he owns a significant amount with investor backed shareholding of the company’s stock options as well. According to a report by Forbes about the ownership of the company, in this news release, “Who Owns Twitter? A Look At Jack Dorsey, Evan Williams And The Company’s Largest Shareholders” it is said that Jack Dorsey owned and controlled 4.7% of the companies total shares not including stock options that he gets to exercise or increase in the near future making him one of the largest shareholders of the corporation at 22.2 million shares out of 472 million outstanding common shares in the company which is now increased to 615,232,482 shares according to the stock exchange at a closing price for the weekend at $48.77 per share.
But exactly how many shares of Square does he own? We still cannot really figure that one out but at $48.77 per share multiplied by 22,200,000 shares not including stock options he is worth $1,082,694,000 in all of Twitter Inc. for his net worth to be worth over $2 billion this must mean that he exercises more revenue in square then he owns in twitter its quite possible and even in the near future it will be ownership wise. Jack Dorsey is definitely one of the most powerful people in the world and has a lot of financial power and political influence in the politics at this point. When your worth even $100 million you are almost there, but you are still powerful.
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