David Sacks has been nominated by President-elect Donald Trump to serve as the new “White House A.I. & Crypto Czar.”
“In this important role, David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness,” Trump said in his announcement on Truth Social Thursday evening. “David will focus on making America the clear global leader in both areas. He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship.”
Find out more about Sacks and his personal life below.
Who Is David Sacks?
Sacks, a venture capitalist and entrepreneur, is part of an exclusive group of former PayPal founders and employees that includes Elon Musk. The 52-year-old, who was born in South Africa, also founded and served as CEO of Yammer, an enterprise social networking service that Microsoft acquired for $1.2 billion in 2012. In 2017, he went on to establish Craft Ventures, a venture capital firm.
Additionally, Sacks co-hosts the “All In” podcast alongside Chamath Palihapitiya, Jason Calacanis, and David Friedberg. In his recent post, Trump referred to it as the “top podcast in Tech,” where Sacks and his co-hosts discuss a range of economic, political, and social issues.
While Sacks is now known for his support of Trump, most recently speaking at the Republican National Convention in Milwaukee in July, he has been critical of the former president in the past. Following the Capitol riot on January 6, 2021, Sacks expressed his disapproval on an episode of his podcast, stating that Trump was “clearly” responsible for the events and that he had “disqualified himself from being a candidate at a national level.”
Is Sacks Married?
Yes, Sacks has been married to his wife, Jacqueline Tortorice, since 2007. The couple hosted a fundraiser for Trump’s second presidential campaign in June 2024 at their home in Pacific Heights, San Francisco. Tickets for the event ranged from $50,000 to $300,000 per person, according to the San Francisco Standard.
Does Sacks Have Children?
Sacks shares three children with his wife, Jacqueline: two daughters and one son.
According to Jacqueline’s Instagram bio, the family lives in the Bay Area.
What Is Sacks’ Net Worth?
Sacks has an estimated net worth of $200 million as of 2024, according to multiple outlets.