David Sacks

[celebrity_info]

David Oliver Sacks — born May 25, 1972, in Cape Town, South Africa — is a tech entrepreneur, venture capitalist, podcast host, and government official who has become one of the most influential figures in Silicon Valley’s political and financial spheres. A member of the legendary “PayPal Mafia,” Sacks has shaped online payments, enterprise software, venture capital, and now U.S. technology policy at the highest levels.

Sacks emigrated with his family from South Africa to Tennessee at age five. He earned a degree in economics from Stanford University, where he became close friends with Peter Thiel — a relationship that would define his professional trajectory. After law school at the University of Chicago, he joined Confinity (which became PayPal) in 1999 as its first Chief Operating Officer. Under Sacks’s leadership, PayPal pivoted from a Palm Pilot payment app to an email-based money transfer service, fundamentally inventing online payments. When eBay acquired PayPal for $1.5 billion in 2002, Sacks’s stake made him wealthy and installed him in the elite group of former PayPal employees — including Elon Musk, Peter Thiel, Reid Hoffman, and Max Levchin — who went on to reshape the technology industry.

Post-PayPal, Sacks produced the 2005 satirical film Thank You for Smoking, then founded Yammer in 2008, an enterprise social networking platform. Microsoft acquired Yammer for $1.2 billion in 2012. In 2017, Sacks co-founded Craft Ventures, an early-stage venture capital firm that has backed companies including Airbnb, SpaceX, Palantir, and Reddit. He also helped Elon Musk stabilize Twitter after its 2022 acquisition.

Sacks is a co-host of the All-In Podcast, which he co-hosts with Jason Calacanis, David Friedberg, and Chamath Palihapitiya, and which has become one of the most listened-to business and politics podcasts globally. In December 2024, President Donald Trump named Sacks the White House AI and Crypto Czar, a newly created role directing U.S. artificial intelligence and digital asset policy. He serves as a Special Government Employee, allowing him to maintain his private-sector activities while shaping national technology strategy.

Sacks married Jacqueline Tortorice on July 7, 2007. The couple has two daughters and one son and lives in Pacific Heights, San Francisco, in a home on what is known as “Billionaire’s Row.” His net worth is estimated at $200–250 million.

Disclaimer: Net worth figures are estimates based on publicly available information and may not reflect current financial status. Celebrity Flex provides this profile for informational and entertainment purposes only.

This profile was generated with AI assistance and reviewed for accuracy.