Jack Dorsey
Jack Patrick Dorsey (born November 19, 1976)[4] is an American Internet entrepreneur, philanthropist, and programmer, who is a co-founder and former CEO of Twitter, Inc., as well as co-founder, principal executive officer and chairperson[5] of Block, Inc., which is the developer of the Square financial services platform. He is also on the board of directors of Bluesky Social.[3] As of October 2023, Forbes estimated his net worth to be $3.1 billion.[6]
Jack Dorsey
- Programmer
- Internet entrepreneur
Co-founding Twitter, Inc. and Block, Inc.
- Block, Inc.[1]
- Berggruen Institute's Governance Center[2]
- Bluesky[3]
Early life[edit]
Dorsey was born and raised in St. Louis, Missouri.[7][8] His father is Tim Dorsey and his mother is Marcia (née Smith) Dorsey.[9][10][11] Jack Dorsey is partly of Italian descent on his mother's side.[12] His father worked for a company that developed mass spectrometers and his mother was a homemaker.[13] He was raised Catholic, and his uncle is a Catholic priest in Cincinnati.[14]
Dorsey attended Bishop DuBourg High School. In his younger days, he worked occasionally as a fashion model.[15][16][17][18][19] By age 14, he had become interested in dispatch routing. Dorsey enrolled at the University of Missouri–Rolla in 1995 and attended for two-plus years[14] before transferring to New York University in 1997, but he dropped out two years later,[20] one semester short of graduating.[14] He came up with the idea that eventually became Twitter while studying at New York University.[14][21]
While working on dispatching as a programmer, Dorsey moved to California.[22][23] In 2000, Dorsey started his company in Oakland to dispatch couriers, taxis, and emergency services from the Web.[24] His other projects and ideas at this time included networks of medical devices and a "frictionless service market".[24] In July 2000, building on dispatching[9] and inspired in part by LiveJournal and by AOL Instant Messenger, he had the idea for a Web-based realtime status/short message communication service.[24]
When he first saw implementations of instant messaging, Dorsey wondered whether the software's user status output could be shared easily among friends.[9] He approached Odeo, which at the time happened to be interested in text messaging.[9] Dorsey and Biz Stone decided that SMS text suited the status-message idea, and built a prototype of Twitter in about two weeks.[9] The idea attracted many users at Odeo and investment from Evan Williams,[9] a co-founder of that firm in 2005 who had left Google after selling Pyra Labs and Blogger.
Philanthropic and other donations[edit]
In March 2016, Dorsey fully funded about 600 Missouri public school projects registered at DonorsChoose.[105]
In October 2019, Dorsey donated $350,000 to #TeamTrees, a nonprofit started by YouTubers MrBeast and Mark Rober, that pledged to plant 20 million trees by the end of 2019.[106][107]
On April 7, 2020, Dorsey announced that he would move about $1 billion of his equity in Square, Inc., just under a third of his total wealth, to Start Small, LLC, and to relief programs related to the coronavirus.[108][109][110] He committed to funding COVID-19 relief, girls' education and health, and universal basic income.[111] Dorsey has donated $24 million to over 40 different grantees for relief efforts.[112]
In August 2020, Dorsey donated $10 million to Boston University's Center for Antiracist Research, founded by Ibram X. Kendi.[113]
In May 2021, he donated $15 million to support relief efforts in India's COVID-19 second wave. The three NGOs were Care ($10 million), Aid India ($2.5 million), and Sewa International ($2.5 million).[114]