David Sacks
Net worth: Reportedly over $1 Billion
- David Sacks was the founding COO of Paypal, making his fortune alongside Elon Musk, Peter Thiel and others when the company sold in 2002.
- Sacks has since gone on to be a venture capitalist, investing in startups and cryptocurrencies. He also is a part of the Silicon Valley-based All In podcast.
- Sacks played a role in spreading the panic that led to the run on Silicon Valley Bank in March 2023 and was prominent in demanding a bailout.
- Sacks was vocally critical of the Biden administration’s handling of cryptocurrency, and voiced his thoughts on the matter to Trump who named him his Cryptocurrency Czar.
- Sacks reportedly had over $200 million in crypto holdings prior to his appointment as AI Czar.
For more information, see the Revolving Door Project’s Oligarchs in Trump World tracker.