Twitter Cofounder Jack Dorsey Has More Than Tripled His Net Worth Since Trump Became President

[dalton99a]

https://www.forbes.com/sites/michelatindera/2020/01/20/twitter-cofounder-jack-dorsey-has-more-than-tripled-his-net-worth-since-trump-became-president/

Twitter Cofounder Jack Dorsey Has More Than Tripled His Net Worth Since Trump Became President
Jan 20, 2020, 09:30am
Michela Tindera


Jack Dorsey now sits atop a $4.4 billion fortune, more than triple the $1.3 billion he had at the start of Trump’s presidency.

In the three years since Donald Trump became president of the United States, the net worth of Twitter cofounder Jack Dorsey has soared nearly 240%, more than almost any billionaire in the country. He now sits atop a $4.4 billion fortune, more than triple the $1.3 billion he had at the start of Trump’s presidency.

Twitter’s stock has climbed 105%, boosting Dorsey’s stake in the company from $275 million to $610 million. A bigger share of his wealth comes from Dorsey’s other business, payments firm Square. The Twitter chief executive also serves as CEO of Square, in which he held a bigger, $1 billion stake at the time of Trump’s inauguration. Square shares have surged nearly 370% since then, compared to a 45% increase in the overall stock market. Dorsey’s Square stake is now worth $3.6 billion, enough to compose 80% of the tech tycoon’s fortune.

On January 20, 2017, the morning of his inauguration, Trump tweeted, “It all begins today!” Over the ensuing three years, the tweeter-in-chief acted as a one-man headline machine for the social media network, creating news by berating his critics, praising his acolytes and firing members of his cabinet—all on Twitter. The attention came with controversy. Throughout Trump’s term, users have called on Twitter to suspend his account. As recently as October, former Democratic presidential candidate and California Senator Kamala Harris wrote a letter to Dorsey asking him to suspend Trump’s account. The company has never acquiesced.

[Wounded Bear]

1. If I tripled my net worth, I could buy a used car...

a cheap one, on credit.

[wryter2000]

2. I have a Square

The only time I tried to use it, too many other people were trying to use theirs. None of them worked. Useless.

[msongs]

3. maybe he made most of that from the barrage of twits on DU? hmmm nt