From programming dispatch software for taxis to co-founding one of the biggest social media platforms in the world, Jack Dorsey has come a long way. But what’s more impressive than his journey is his net worth.
Which is enough to make anyone’s head spin! With his entrepreneurial skills and innovative ideas, the co-founder and former CEO of Twitter has amassed a fortune that would make even Scrooge McDuck jealous. So, are you ready to dive into Jack Dorsey net worth and uncover the secrets of his success? Let’s get started!
Jack Dorsey Net Worth
On Thursday (21 March 2023), Hindenburg published research saying that Block had overstated user numbers and predicted a 65% to 75% drop in the stock price.
The recent research from Hindenburg Research said that the payments company ignored extensive fraud, which devastated the wealth of Block Inc. co-founder Jack Dorsey. On Thursday (21 March 2023), Dorsey saw a $526 million drop in his fortune, his worst one-day drop since May.
According to the reports of ndtv.com, With an 11% reduction, his net worth is now $4.4 billion, calculated by the Bloomberg Billionaires Index. On Thursday, Hindenburg published a report that asserted that Block had overstated user numbers and that the stock had a 65%-75% fall “on a purely basic basis.”
The corporation has refuted the claims and said it might pursue legal action against the short-seller. Block dropped as much as 22% on Thursday, ultimately settling down 15%.
Dorsey, the co-founder of Twitter, has invested most of his wealth in the cryptocurrency Block. According to Bloomberg’s wealth index, his share of the company is worth $3 billion, while his ownership in Elon Musk’s social network venture is worth $388 million.
It’s not the first time Nathan Anderson’s Hindenburg has targeted multibillionaires and caused their wealth to plummet. The company published a probe into Gautam Adani’s business empire earlier this year, tumbling his stock prices and wiping him billions of dollars in wealth.
You can learn more about the fortunes of various celebrities by clicking on the links below.
- Shou Chew Net Worth: the Inspirational Story of a Self-made Billionaire
- Christopher Johnson Net Worth: How Rich is the Businessman?
Adani, who was once the second-wealthiest person in the world, is now ranked 21st on Bloomberg’s wealth index, with a net worth of $60.1 billion. Moreover, Nikola Inc., a manufacturer of electric vehicles, was a September 2020 target of the Hindenburg.
Nikola’s share price plummeted as a result, and in October, founder Trevor Milton was convicted of fraud following an inquiry.
The scope of Jack Dorsey’s riches may now be known. Check out talkxbox.com for the latest in the world of celebrities.