Rank #2345
Jim McKelvey
Net worth $1.8B
Mobile payments · United States
- Born
- Oct 19, 1965
- Age
- 60
- Source
- 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
Net worth over time
Biography
- 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.
Financial assets
| Exchange | Ticker | Shares | Price |
|---|