Yahoo Finance Jack Dorsey left Twitter last year: Where is he now?
Jack Dorsey's name has been synonymous with Twitter ever since its inception in 2006.
But after stepping down as stepping down as CEO of the microblogging site in November 2021, the social media pioneer has maintained a low profile.
Dorsey - no stranger to controversy, having steered the company through the tough years of rising global calls for regulation - seems to have faded into obscurity since handing over the baton to Parag Agarwal.
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He relinquished his position with an estimated $16.40 billion fortune, which is nearly 10 times what he was worth less than a decade ago according to Forbes.
However, his present real-time net worth of $8.69 billion, according to Bloomberg's Billionaires Index - which makes him the 387th richest person in the world - cannot entirely be attributed to his success at Twitter.
He is also the co-founder and CEO of digital payments company Square (renamed Block, Inc. in 2021), which earns three times the revenues of Twitter.
The majority of his fortune - 88 per cent of his estimated net worth - comes from his 11 per cent stake in Square.
Among his other interests are meditation, including Vipassana - an ancient mindfulness technique.
Dorsey's recent photographs show him having adopted a somewhat mystical appearance, which may well lead you to believe he's renounced worldly pleasures and become a spiritual guru.
However, nothing so drastic has occurred.
In December 2021, Twitter's chief marketing officer, Leslie Berland, posted images to bust some myths, and to show the many facets of Dorsey's life.
Misconceptions about Jack debunked! Also a photo dump 🧵
— Leslie Berland (@leslieberland) November 30, 2021
He eats! pic.twitter.com/dGyHOuQFu9
— Leslie Berland (@leslieberland) November 30, 2021
Oh and he drinks 👀 pic.twitter.com/KmoLxnIjQA
— Leslie Berland (@leslieberland) November 30, 2021
So what's keeping Dorsey busy?
Dorsey continues to be an active part of the tech world as CEO of Block, which he cofounded as Square with Jim McKelvey in 2009.
It is also a system for sending paperless receipts via text message or email, and is available as a free app for iOS and Android OS.
The company grew from 10 employees in December 2009 to more than 100 by June 2011, and went public in 2015.
The success of this fintech company and his intent to focus on growing it further perhaps explains Dorsey's willingness to step away from the limelight of Twitter.
Dorsey officially changed the name of the platform, partly because of his interest in the blockchain as well as the new name encompassing the various businesses associated with its merchant-payment services.
At Block, Dorsey is following the same formula Mark Zuckerberg did with Facebook and Larry Page and Sergey Brin did at Google, which is to channel money from their parent companies’ core businesses to fund various innovative and experimental side projects.
He has also publicly declared his deep regard for Bitcoin.
At a June, 2021 Bitcoin conference in Miami, he said there was nothing more important to work on in his lifetime.
"Bitcoin has the potential to create a whole new financial infrastructure," he said.
Considering the fast pace at which Block has been expanding, Dorsey now has the revenue base and corporate model to build a portfolio of companies that are cryptocurrency focused.
Dorsey also remains a Twitter board member, the company he co-founded with Ev Williams, Biz Stone and Noah Glass.
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