Jim McKelvey
$1.7B
Born
Oct 19, 1965
Age
60
Source of Wealth
Mobile payments
Residence
St. Louis, Missouri
Citizenship
United States
Marital Status
Married
Children
2
Education
Bachelor of Arts/Economics, Washington University in St. Louis; Bachelor of Science, Washington University in St. Louis
- Jim McKelvey cofounded payments firm Square with Jack Dorsey in 2009 after he had trouble selling a $2,000 art piece from his studio; the company was renamed Block in 2021.
- McKelvey remains on Block's board He started a new company, Invisibly, which powers micropayments for journalism and publishing.
- He owns nearly 5% of Block stock and has netted at least $270 million from selling Block shares over the years.
- A serial entrepreneur, he has started at least seven companies, ranging from a CD cabinet maker to a glass-blowing studio.
- He also sits on the board of the Federal Reserve Bank of St. Louis and started a nonprofit, LaunchCode, to teach people how to program.
- In March 2020, he released "The Innovation Stack," a book detailing Square's battle with Amazon to create a better payments system.
- McKelvey is the author of two textbooks on computer science and one textbook called "The Art Of Fire: Beginning Glassblowing."
- He hired Jack Dorsey as a teenager to be an engineering intern for his first tech company, Mira.
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