David Sacks has received a significant nomination from President-elect Donald Trump, designating him as the new “White House A.I. & Crypto Czar.” This strategic appointment emphasizes the growing importance of artificial intelligence and cryptocurrency on the national agenda.

In his announcement on Truth Social, Trump stated, “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.” He highlighted Sacks’ mission to position the United States as the leading global authority in both sectors while ensuring the protection of Free Speech online and combating the challenges posed by Big Tech bias and censorship. This nomination showcases a commitment to innovation and safeguarding democratic values.

To gain further insights into David Sacks’ life, career, and contributions, continue reading to explore his background and influence.

Explore the Impactful Career of David Sacks

David Sacks is recognized as a prominent venture capitalist and entrepreneur, belonging to the elite circle of former PayPal founders and employees, which notably includes Elon Musk. At 52 years old and originally from South Africa, Sacks founded and served as CEO of Yammer, an innovative enterprise social networking service that was acquired by Microsoft for a remarkable $1.2 billion in 2012. Additionally, in 2017, he launched Craft Ventures, a venture capital firm that aims to support and invest in groundbreaking ideas and start-ups.

Beyond his entrepreneurial ventures, Sacks is a co-host of the highly acclaimed “All In” podcast, which he shares with notable figures such as Chamath Palihapitiya, Jason Calacanis, and David Friedberg. This podcast is recognized as one of the leading platforms in the technology sector, where Sacks and his co-hosts engage in insightful discussions on a variety of pressing economic, political, and social issues, making it a must-listen for industry enthusiasts.

While David Sacks is currently known for his support of Trump, especially following his speech at the Republican National Convention in Milwaukee in July, he has not shied away from expressing criticism in the past. After the Capitol riot on January 6, 2021, he openly condemned the former president during a podcast episode, asserting that Trump was “clearly” responsible for the events and had “disqualified himself from being a candidate at a national level,” showcasing his willingness to speak candidly on controversial matters.

Discover David Sacks’ Marital Life

David Sacks has been happily married to his wife, Jacqueline Tortorice, since 2007. Together, they hosted an extravagant fundraiser for Trump’s second presidential campaign in June 2024 at their luxurious home in Pacific Heights, San Francisco. The event was a significant affair, with ticket prices ranging from an astounding $50,000 to $300,000 per person, reflecting their high-profile status within political and social circles, as reported by the San Francisco Standard.

Learn About David Sacks’ Family and Children

David Sacks and his wife, Jacqueline, are proud parents of three children, consisting of two daughters and one son. Their family life appears to be fulfilling and supportive, as evidenced by their public appearances and social media interactions.

According to Jacqueline’s Instagram bio, the Sacks family resides in the vibrant Bay Area, enjoying the benefits of California’s diverse culture and opportunities.

Unveiling David Sacks’ Estimated Wealth

As of 2024, David Sacks boasts an impressive estimated net worth of $200 million, a testament to his successful career in venture capitalism and entrepreneurship, as reported by numerous financial outlets. This wealth positions him among the upper echelons of business leaders in the tech industry.