Dan Price’s net worth 2023: Talk about inspiring your employees with a good paycheck, then Dan Price should make the conversation? How much do you know about him? Read on as we take you through the biography, salary, earnings, and net worth of Dan Price. What’s more, you’ll also learn how Dan Price made his fortune.
Who is Dan Price and How Much is He Worth?
| Full Name | Dan Price |
| Date of Birth | May 13, 1984 |
| Age | 39 Years |
| Profession | Entrepreneur |
| Height | 5 ft 9 in (1.75 m) |
| Country | United States of America |
| Source of Wealth | Gravity Payments |
| Net Worth | $12 million |
| Last Updated | December 2023 |
Dan Price is an American internet entrepreneur with an estimated net worth of $12 million. Price is the founder and CEO of the online credit card processing company Gravity Payments. He became famous in 2015 after he raised the minimum salary for employees of his company to $70,000 and lowered his own wage to $70,000 from $1.1 million.
Price has succeeded in building a successful business for himself. In a series of Tweets, he announced that since declaring the $70,000 minimum wage, the company’s revenue has tripled. He also boasts of over 200 employees on his payroll.
How much do you know about Dan Price? Read on as we take you through the journey of how Dan Price began his journey to fame.
Early Life
Dan Price was born on May 13, 1984, in Michigan, United States. He was born to his father, Ron Price, a self-employed consultant and his mother. Price has three elder brothers, Lucas, Alex, and Jessie and he is the youngest of three children.
His family relocated to Idaho when he was still a child and was raised in a strict Christian family. He was homeschooled until age 12. He learned how to play the bass guitar and formed a Christian rock trio called “Straightforword”, which was successful enough to tour and get national airplay.
In 2004, Dan Price enrolled at the Christian Seattle Pacific University. Price graduated from college in 2008 winning several business awards.
Career
Dan and his brother started Gravity in 2001. In early 2004, they hired their first employee. However, some years later, fell out with his elder brother. They both agreed that Dan would become the majority owner of Gravity.
Price funded the company in part by his savings, credit card debt and students loan. The company grew rapidly as Gravity built its own technology and brought the card-processing systems in-house. Following the 2008 recession, the company’s revenue dropped by 20 per cents.
In 2012 he raised his staff’s salary by 20 per cent while also recording a productivity jump from 30 to 40 per cent. The next year, he raised the salary again by 20 per cent. Again, the company recorded a massive profit.
In 2014, the company’s revenue hit $150 million with $7 billion in customer transactions. The company also recorded a $2.2 million profit with 40 per cent going to Price and Lucas as dividends.
In 2015, he raised his company’s minimum wage to $70,000 while also slashing his salary from $1.1 million to $70,000. He also extended the minimum wage to all employees of ChargeItPro, a company acquired by Gravity Payments in 2019.
In 2015, Dan signed a $500,000 book deal to be published via Viking Press.
Personal Life
Eager to learn more about Dan Price’s personal life including his relationship status? As of the time of writing, Dan Price is not known to be in any relationship.
However, he was married to his high school sweetheart, Kristie Lewellyn in 2007. In 2012 they got divorced over unreconcilable differences.
Social Media Accounts
The 39-year old entrepreneur has a lot of followers across his social media channels where he shares a bit of his personal life and work-related stuff. As of the time of writing, Price has over 239,000 Instagram followers. He also has over 640,000 Twitter followers and over 82,000 Facebook followers.
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Dan Price Net Worth, Salary and Earnings 2023
As of December 2023, Dan Price has an estimated net worth of $12 million. He earns the majority of his money from his company, Gravity Payments. Although he took a pay cut from his $1.1 million to $70,000, he still holds a majority stake in his company.
Summary
Dan Price is an American internet entrepreneur with an estimated net worth of $12 million. Price is the founder and CEO of the online credit card processing company Gravity Payments. He became famous in 2015 after he raised the minimum salary for employees of his company to $70,000 and lowered his own wage to $70,000 from $1.1 million.
