Chris Sacca Net Worth
|Net Worth:||$1 Billion|
|Salary:||$220 Million Per Year|
|Real Name:||Christopher Sacca|
|Date of Birth:||12th May 1975|
|Age:||48 years old|
|Height:||6 ft (1.83 m)|
|Profession:||Angel Investor, Entrepreneur, Lawyer, Advsiro|
|Updated:||1st July 2023|
Like most other successful people, Chris Sacca also had his fair share of failures, from having over a US$4 million negative balance to becoming a billionaire. Sacca is the founder of an American venture capital firm, Lowercase Capital the company made successful early bets by providing seed and early-stage funding to several successful startups, including Uber, Instagram, Twitter, and Kickstarter — his company went on to become one of the most successful venture capital funds in history.
Chris Sacca also worked at Google Inc. as Corporate Counsel, reporting to General Counsel David Drummond and several other positions. During Sacca’s time at Google, he was among the first employees to be given the company’s highest honor, the Founders’ Award. Between 2015 and 2017, Sacca was on Shark Tank as a Guest Shark.
What is Chris Sacca’s Net Worth?
Chris Sacca’s road to success had been bumpy, from over US$4 million in debt to being a billionaire. Sacca used his time at Google as the main stepping stone for working experience and networking. His primary source of income is from his founded company Lowercase Capital. As of August 2022, Chris Sacca’s net worth is US$1 billion.
Who is Chris Sacca?
Christopher Sacca was born in Lockport, New York, on May 12, 1975. His father, Gerald Sacca, was an attorney, while his mother, Katherine Sacca, was a professor at SUNY Buffalo State who had also written several books in the field of education. Chris and his younger brother Brian Sacca grew up in a suburb of Buffalo; the siblings are of Irish and Italian descent. Brian is an actor and a comedian.
Sacca’s parents are big proponents of education — back in his youth, his parents encouraged the brothers to participate in various creative projects; Chris recalled they often went to science museums and attended book-reading events.
Chris Sacca attended Lockport High School; while in sixth grade, he was noted for his remarkable talent in mathematics; he later studied advanced mathematics at the State University of New York at Buffalo.
After graduating from high school, Sacca attended The Edmund A. Walsh School of Foreign Service at Georgetown University in Washington, D.C. During his time in college, he spent several semesters studying abroad, including Ecuador, Ireland, and Spain. In 1997, Sacca graduated cum laude with a Bachelor of Science in foreign service and became an Edmund Evans Memorial Scholar and a Weeks Family Foundation Scholar. Sacca furthered his education at his father’s alma mater, Georgetown University Law Center — Sacca shared how he skipped most of his classes and managed to graduate by throwing keg parties to attain notes in which, for the entry requirement, his classmates need to throw their notes in a bin.
While at Georgetown University, Sacca was a member of The Tax Lawyer law review. He was honored as the school’s Philip A. Ryan and Ralph J. Gilbert Memorial Scholar upon graduation. In 2000, Sacca with a Juris Doctor cum laude in law and technology.
While still at university studying law, Sacca used his student loans to start a business. As the venture did poorly, he used his remaining funds to start trading on the stock market when he discovered a flaw in the software of online trading brokers in 1998. By 2000, the exploitation yielded Sacca a staggering $12 million from a mere $10,000 to $20,000 capital. However, when the market crashed, Sacca found himself $4 million in debt — filing for bankruptcy wasn’t an option as it will ruin his future career as a lawyer; he managed to negotiate the debt and got it reduced to $2.125 million and created a repayment schedule with his broker. Sacca successfully repaid the entire amount by February 2005.
From 2000 to 2001, Sacca began his career at the law firm Fenwick & West in Silicon Valley as an associate and also worked in other jobs to repay his enormous debt. In late 2001, after getting laid off Sacca spent many months attending networking events and working as a freelancer. But finding decent employment still proved tough, and the frustrated Sacca decided to rebrand himself and created the consulting firm The Salinger Group. Through networking, Sacca landed consulting jobs with decent payments and incentives.
Google and Lowercase Capital
After his stint at Speedera Networks, Sacca used his Salinger Group profile to secure a job at Google, In November 2003, Sacca was hired as Corporate Counsel tasked with reporting to General Counsel David Drummond. In the legal and business development team, his first assignment was to create data centers around the world, including negotiating and signing agreements. Sacca also served as Head of Special Initiatives at Google Inc. concerning alternative access and wireless divisions. Many other involvements while Sacca was at Google included mergers and acquisitions transactions and led many of Google’s business development.
While at Google, Sacca became an angel investor— his first angel investment was in Photobucket, which was then acquired by Fox’s parent company News Corp in 2007. His second investment was in Twitter (called Twttr when founded in 2006), in which he exhausted his savings and invested $25,000, and began using its service. Sacca left Google in December 2007 and founded the venture capital firm Lowercase Capital providing seed and early-stage funding to start-ups. When Twitter went public in late 2013, Sacca’s firm owned 18% of the company — his Twitter investment fund Lowercase Capital has reportedly returned a staggering $5 billion to investors. Other successful companies Sacca put his early bets on include Instagram, Uber, and WordPress. In 2013, Forbes put Chris Sacca’s net worth at around $1.2 billion.
In 2016, Sacca appeared in several episodes of Shark Tank as a Guest Shark in seasons 7 and 8 in which he invested in several start-ups including HatchBaby, Bee Free Honee, and Rent Like a Champion.
Chris Sacca is married to Crystal English Sacca who is also a partner at Lowercase, an author, designer, and former advertising creative. The couple has three children and resides in Jackson, Wyoming, and Big Sky, Montana.
The young billionaire Sacca owns several properties in the U.S. worth well in excess of $20 million including a two-house Manhattan Beach compound — the seaside LA community on which he spent over $12 million on. In 2014, he paid $6.4 million for a Mediterranean villa for his parents located in the South Bay, Los Angeles community of Palos Verdes Estates.
Chris Sacca FAQs
What is Chris Sacca Net Worth?
Chris Sacca net worth is currently $1 billion USD.
How much money does Chris Sacca earn?
Chris Sacca earns $220 million per year from various sources.
How tall is Chris Sacca?
Chris Sacca is 6 ft (1.83 m)
How old is Chris Sacca?
Chris Sacca is currently 48 years old.
When is Chris Sacca birthday?
Chris Sacca birthday is on 12th May.