• About
  • Advertise
  • Privacy & Policy
  • Contact
NetbuzzAfrica.
  • Home
  • Africa
    • All
    • East & Central Africa
    • North Africa
    • Southern Africa
    • West Africa
    NBA Africa’s First Original Docuseries “Born & Bred” Premieres

    NBA Africa’s First Original Docuseries “Born & Bred” Premieres

    Maxwell, Nana Ama McBrown, and Serwah Prikels

    Love and Rumors: The Tale of Maxwell, Nana Ama McBrown, and Serwah Prikels

    NAM 1

    Menzgold customers to meet police over GH¢5m released by NAM 1

    Mining Indaba 2024

    Mining Indaba 2024 hosts the return of the Mining Innovation & Research Battlefield

    Farmout Forum Connects Investors to African Blocks at #AEW2023

    Farmout Forum Connects Investors to African Blocks at #AEW2023

    museums in Africa

    Yale to support museums and cultural institutions across Africa

    Petroleum prices surge to persist amid global market dynamics - IES

    Petroleum prices surge to persist amid global market dynamics – IES

    Theresa Aba Kufuor

    Former first lady Theresa Aba Kufuor has died

    Liquid Intelligent Technologies

    Liquid Intelligent Technologies Zambia launches Azure Stack

  • People and Culture
    Cultural heritage

    Harnessing Cultural Heritage as a Catalyst for Economic Growth

    NAACP Amos C. Brown Student Fellows

    NAACP Amos C. Brown Student Fellows Return from Transformative Journey through Ghana

    Transportation Sector

    How The Transportation Sector Regained Momentum After Covid-19

    Four tips for redeploying high-value skills within your organisation

    Four tips for redeploying high-value skills within your organisation

    Top 5 African countries with the largest military personnel

    Top 5 African countries with the largest military personnel

    Owusuwah Asamoah at Face of Ghana Youth Awards

    We need women at all levels to reshape conversations – Owusuwah Asamoah

    Miss Legacy Ghana 2022

    Owusuwah Asamoah Crowned Miss Legacy Ghana 2022

    Masturbation can Boost Your Immune System

    Masturbating can boost your immune system to fight coronavirus – Doctor

    Man Borrows N400k From His Girlfriend to Marry Another Woman

    Man Borrows N400k From His Girlfriend to Marry Another Woman

  • Editor’s Pick
    African Development Bank and Google collaborate on digital transformation in Africa

    African Development Bank and Google collaborate on digital transformation in Africa

    Suakin

    Six African heritage sites under threat from climate change

    Why a court should force Apple to reinstate Fortnite

    Why a court should force Apple to reinstate Fortnite

    Addis Ababa's Bole Airport Opens New Terminal

    Addis Ababa’s Bole Airport Opens New Terminal

    How men can improve their sexual performance

    How men can improve their sexual performance

    Uterine fibroids

    How To Treat Fibroid With Supplements

    The Future is Hydroponics

    Shaping a New Food System with Hydroponics

    5 Causes of Sexual Problems in Men

    5 Causes of Sexual Problems in Men

    KAA Gent Sets €20 million on Sevilla-target Elisha Owusu

    KAA Gent Sets €20 million on Sevilla-target Elisha Owusu

  • International
    A Technologically Empowered Future for Tourism

    A Technologically Empowered Future for Tourism

    Yasmina Villas at Expo Valley

    Introducing Yasmina Villas at Expo Valley

    Expand North Star 2023

    World’s largest startup show opens in Dubai

    German parliament reforms skilled work immigration law

    Germany introduces new ‘Opportunity Card’ for foreigners

    Kamala Harris

    WATCH: U.S. VP Kamala Harris meets Akufo-Addo at Jubilee House

    WorldRemit

    WorldRemit Data: Families to pay up to 57% more on school supplies

    Rihanna Gives Birth, Welcomes Her First Baby

    Rihanna Gives Birth, Welcomes Her First Baby With A$AP Rocky

    Jack Dorsey

    Jack Dorsey makes $978M from selling Twitter to Elon Musk

    Elon Musk secures $46.5 bln in funding for Twitter bid

    Elon Musk secures $46.5 bln in funding for Twitter bid

No Result
View All Result
  • Home
  • Africa
    • All
    • East & Central Africa
    • North Africa
    • Southern Africa
    • West Africa
    NBA Africa’s First Original Docuseries “Born & Bred” Premieres

    NBA Africa’s First Original Docuseries “Born & Bred” Premieres

    Maxwell, Nana Ama McBrown, and Serwah Prikels

    Love and Rumors: The Tale of Maxwell, Nana Ama McBrown, and Serwah Prikels

    NAM 1

    Menzgold customers to meet police over GH¢5m released by NAM 1

    Mining Indaba 2024

    Mining Indaba 2024 hosts the return of the Mining Innovation & Research Battlefield

    Farmout Forum Connects Investors to African Blocks at #AEW2023

    Farmout Forum Connects Investors to African Blocks at #AEW2023

    museums in Africa

    Yale to support museums and cultural institutions across Africa

    Petroleum prices surge to persist amid global market dynamics - IES

    Petroleum prices surge to persist amid global market dynamics – IES

    Theresa Aba Kufuor

    Former first lady Theresa Aba Kufuor has died

    Liquid Intelligent Technologies

    Liquid Intelligent Technologies Zambia launches Azure Stack

  • People and Culture
    Cultural heritage

    Harnessing Cultural Heritage as a Catalyst for Economic Growth

    NAACP Amos C. Brown Student Fellows

    NAACP Amos C. Brown Student Fellows Return from Transformative Journey through Ghana

    Transportation Sector

    How The Transportation Sector Regained Momentum After Covid-19

    Four tips for redeploying high-value skills within your organisation

    Four tips for redeploying high-value skills within your organisation

    Top 5 African countries with the largest military personnel

    Top 5 African countries with the largest military personnel

    Owusuwah Asamoah at Face of Ghana Youth Awards

    We need women at all levels to reshape conversations – Owusuwah Asamoah

    Miss Legacy Ghana 2022

    Owusuwah Asamoah Crowned Miss Legacy Ghana 2022

    Masturbation can Boost Your Immune System

    Masturbating can boost your immune system to fight coronavirus – Doctor

    Man Borrows N400k From His Girlfriend to Marry Another Woman

    Man Borrows N400k From His Girlfriend to Marry Another Woman

  • Editor’s Pick
    African Development Bank and Google collaborate on digital transformation in Africa

    African Development Bank and Google collaborate on digital transformation in Africa

    Suakin

    Six African heritage sites under threat from climate change

    Why a court should force Apple to reinstate Fortnite

    Why a court should force Apple to reinstate Fortnite

    Addis Ababa's Bole Airport Opens New Terminal

    Addis Ababa’s Bole Airport Opens New Terminal

    How men can improve their sexual performance

    How men can improve their sexual performance

    Uterine fibroids

    How To Treat Fibroid With Supplements

    The Future is Hydroponics

    Shaping a New Food System with Hydroponics

    5 Causes of Sexual Problems in Men

    5 Causes of Sexual Problems in Men

    KAA Gent Sets €20 million on Sevilla-target Elisha Owusu

    KAA Gent Sets €20 million on Sevilla-target Elisha Owusu

  • International
    A Technologically Empowered Future for Tourism

    A Technologically Empowered Future for Tourism

    Yasmina Villas at Expo Valley

    Introducing Yasmina Villas at Expo Valley

    Expand North Star 2023

    World’s largest startup show opens in Dubai

    German parliament reforms skilled work immigration law

    Germany introduces new ‘Opportunity Card’ for foreigners

    Kamala Harris

    WATCH: U.S. VP Kamala Harris meets Akufo-Addo at Jubilee House

    WorldRemit

    WorldRemit Data: Families to pay up to 57% more on school supplies

    Rihanna Gives Birth, Welcomes Her First Baby

    Rihanna Gives Birth, Welcomes Her First Baby With A$AP Rocky

    Jack Dorsey

    Jack Dorsey makes $978M from selling Twitter to Elon Musk

    Elon Musk secures $46.5 bln in funding for Twitter bid

    Elon Musk secures $46.5 bln in funding for Twitter bid

No Result
View All Result
NetbuzzAfrica.
No Result
View All Result

Jack Dorsey makes $978M from selling Twitter to Elon Musk

Samcilla Baakojr by Samcilla Baakojr
April 26, 2022
in International
Reading Time: 2 mins read
A A
Home International
Share on FacebookShare on Twitter

Jack DorseyFormer Twitter CEO Jack Dorsey has been the face and essential identity of the company throughout the company’s controversial existence.

Mr Dorsey, who came to the tech world after twice dropping out of university and becoming a certified masseuse, founded the social media platform in 2006 with Noah Glass, Biz Stone and Evan Williams.

READ ALSO

A Technologically Empowered Future for Tourism

Introducing Yasmina Villas at Expo Valley

But despite Elon Musk circling the company and expected to become its new owner, it is not Twitter that has propelled Mr Dorsey into the ranks of Silicon Valley’s newly-minted billionaires.

An estimated 88 per cent of his $6.92bn worth, which places him 341st on the Bloomberg Billionaires Index on Monday, comes from an 11 per cent stake in credit card payment company Square. Dorsey is just popular on Twitter.

Jack DorseyMr Dorsey founded the fintech company in 2009 with Jim McKelvey and had the CEO role, as well as the CEO role at Twitter, a rare double responsibility that he has in common with Mr Musk, who runs Tesla at the same time as SpaceX.

He lost his CEO role at Twitter in 2008, but returned to the job in 2015, the same year that Square went public.

Last November, Twitter announced that Mr Dorsey was stepping down as the CEO of the company, to be replaced by the company’s chief technology officer Parag Agrawal.

He still remains the CEO, president and chairman of the board of Square, which rebranded as Block last December.

As of Monday, Square had a value of $61.65bn and had a revenue of $17.7bn in 2021.

In 2020 Mr Dorsey announced that he would put $1bn of his Square equity into Start Small LLC, which would first focus on fighting the coronavirus pandemic.

Mr Dorsey, who has mostly refused a paycheck from Twitter, only earned $1.40 in salary in 2018, a nod to the company’s former 140-character limit. He first became a billionaire in 2012, and still owns 2.3 percent of Twitter’s stock, including the beneficial ownership of some 18 million shares, according to the proxy even now that Twitter has been sold to Elon Musk for $44bn.

With this new deal, Mr Dorsey is earning around $978 million (£771 million) from his stake in the company.

Tags: Elon MuskJack DorseyTwitter
Previous Post

Elon Musk buys Twitter for $44 billion

Next Post

45 start-ups set to compete for 2022 Africa Tech Awards

Samcilla Baakojr

Samcilla Baakojr

I write content for a living. Chicken lover.

Related Posts

A Technologically Empowered Future for Tourism
International

A Technologically Empowered Future for Tourism

October 25, 2023
Yasmina Villas at Expo Valley
Design

Introducing Yasmina Villas at Expo Valley

October 23, 2023
Expand North Star 2023
Future & Startups

World’s largest startup show opens in Dubai

October 16, 2023
German parliament reforms skilled work immigration law
International

Germany introduces new ‘Opportunity Card’ for foreigners

July 29, 2023
Next Post
2022 Africa Tech Awards

45 start-ups set to compete for 2022 Africa Tech Awards

Digital Literacy Program Upskills 1.8m Young Learners

Digital Literacy Program Upskills 1.8m Young Learners In Africa

Four tips for redeploying high-value skills within your organisation

Four tips for redeploying high-value skills within your organisation

Discussion about this post

Recommended.

NBA Africa’s First Original Docuseries “Born & Bred” Premieres

NBA Africa’s First Original Docuseries “Born & Bred” Premieres

November 21, 2023
A Technologically Empowered Future for Tourism

A Technologically Empowered Future for Tourism

October 25, 2023
Maxwell, Nana Ama McBrown, and Serwah Prikels

Love and Rumors: The Tale of Maxwell, Nana Ama McBrown, and Serwah Prikels

October 25, 2023
NAM 1

Menzgold customers to meet police over GH¢5m released by NAM 1

October 23, 2023
Mining Indaba 2024

Mining Indaba 2024 hosts the return of the Mining Innovation & Research Battlefield

October 25, 2023
Pivot Digital Media Pivot Digital Media Pivot Digital Media
ADVERTISEMENT

Trending.

Black Alien Anthony Loffredo

I’m Not Human, I’m A ‘Black Alien’ – Anthony Loffredo

March 6, 2023
Kyle Burgess and Cougar

Cougar Stalks, Charges Utah Hiker for 6 Minutes

February 5, 2021
Exposed: Fauster Atta Mensah now scams as Professor John Vinzelts

Exposed: Fauster Atta Mensah now scams as Professor John Vinzelts

January 12, 2022
sex in UN official vehicle

Couple caught having sex in UN official vehicle

June 29, 2020
Couple defy lock down to have sex close to Buckingham Palace

Couple defy lockdown to have sex close to Buckingham Palace

April 13, 2020
ADVERTISEMENT

WHAT YOU MISSED

Introducing Yasmina Villas at Expo Valley

by Samcilla Baakojr
October 23, 2023
0
Yasmina Villas at Expo Valley
Design

Introducing Yasmina Villas at Expo Valley by Expo City Dubai, the epitome of serene and nature-inspired living.

Read more

World’s largest startup show opens in Dubai

by Samcilla Baakojr
October 16, 2023
0
Expand North Star 2023
Future & Startups

1,000 investors with a combined total of over US$ 1 trillion under management are ramping up the startup investor momentum...

Read more

YANGO Introduces State Of The Art Safety Technologies in Africa

by Samcilla Baakojr
September 24, 2023
0
Yango
Africa

Demonstrating Commitment to Improving Safety and Elevating Security Standards among Partner, Drivers and Riders

Read more

Ghana Celebrates Hip Hop at 50

by Samcilla Baakojr
August 23, 2023
0
Hip Hop at 50
Showbiz

Telling Ghana’s Own Love and Hip Hop Story in contribution to Hip Hop as a Global Culture On Sunday, 27th...

Read more
NetbuzzAfrica.

© 2023, Netbuzz Africa. All Rights Reserved.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • Africa
  • People and Culture
  • Editor’s Pick
  • International

© 2023, Netbuzz Africa. All Rights Reserved.