CEO Today Top 50 – Jack Dorsey

Photo: Flickr - cellanr

CEO Top 50

Name: Jack Dorsey

Net worth: Approx. $5 billion

Company: Twitter

Bio:  Jack Dorsey attended New York University, however he dropped out in 1999, one semester short of graduating. While studying there, he came up with the idea that developed into Twitter.

After deciding that SMS text suited the status-message style of his idea, he created a prototype for Twitter in 2 weeks. The site was officially founded on March 21, 2006.

As of March 2011, there were about 140 million tweets posted daily.

In 2008, Dorsey was named in the MIT Technology Review TR35 as one of the top 35 innovators in the world under the age of 35. The Wall Street Journal gave him the Innovator of the Year Award for technology in 2012, and at the 5th Annual Crunchies Awards, Dorsey was named Founder of the Year.

CEO Fact: Despite Twitter and Dorsey’s valuations and worth, Twitter only posted it’s first profit in the last quarter of 2017. In 2016 Dorsey was suspended from his own platform as a result of an ‘internal mistake’.  He was quickly back online, but the error cost him 700,000 followers.

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