Tim Draper’s net worth 2023: Tim Draper is an American venture capital investor famous for purchasing about 30,000 bitcoins from U.S. Marshals. Curious to learn more about him? Read on as we take you through the biography, age, height, family, house, personal life, education, salary, earnings, and net worth of Tim Draper. As a bonus, you’ll also learn how Tim Draper made his fortune.
Who is Tim Draper and How Much is He Worth?
|Full Name||Timothy Cook Draper|
|Date of Birth||June 11, 1958|
|Height||5 ft 7 in (1.70 m)|
|Source of Wealth||Diversified|
|Net Worth||$1.2 Billion|
|Last Updated||June 2023|
Tim Draper is an American venture capital investor with an estimated net worth of $1.2 billion. Draper is the founder of Draper Fish Jurvetson, Draper University, Draper Venture Network, Draper Associates and Draper Goren Holm.
He also has diversified investments in Bitcoin, Coinbase, Robinhood, Tesla, SpaceX, Skype, Hotmail, Baidu, DocuSign, Twitch, Cruise Automation, Theranos, Ancestry.com, Ring, SolarCity, AngelList, and Focus Media. Draper is one of the richest crypto and blockchain billionaires in the world.
Timothy Cook Draper was born on June 11, 1958, in East Chicago, Indiana, United States of America. His father, William Henry Draper III is the founder of Draper & Johnson Investment Company and former chairman and president of the Export-Import Bank of the United States and his mother is Phyllis Draper.
Tim has an older sister, Polly Draper.
Tim Draper attended Phillips Academy Andover. Thereafter he enrolled at Stanford University where he graduated with a BS in electrical engineering in 1980. In 1984, he earned an MBA from Harvard Business School.
Draper started his career at the investment bank Alex. Brown & Sons. In 1985, he left the firm to start his own venture capital firm. His first major investment was in Hotmail. Draper and Jurvetson then coined the term “viral marketing”.
In 2001, Draper became the first Silicon Valley venture capitalist to invest in China through the global fund DFJ ePlanet. He bought a 28% stake in Baidu on behalf of ePlanet for $9 million.
His father was an early investor in Skype and DFJ backed Skype in 2004. The company owned 10% of Skype before selling it to eBay for $4.1 billion in 2005. In 2006, Draper through DFJ invested in the Series C venture round of Tesla. A year later, Draper again invested in Tesla’s Series D venture round through Draper Associates.
In June 2014, Drape paid $18.7 million for 29,656 bitcoin or just $632 per coin from the U.S. Marshals. He has predicted that the price of bitcoin will reach $250,000 in 2023.
Draper also invested in Twitch which was sold to Amazon for $1 billion. Thereafter, he invested in Cruise Automation’s self-driving car which went on to be sold to General Motors for $1 billion.
Draper was one of the first investors to invest in Theranos. He also has investments in Robinhood, Coinbase, eShares, Tezos, DefiMoneyMarkt, and OpenGov. In 2013, Draper started Draper University of Heroes, an educational program that offers a crash course in entrepreneurship.
Tim Draper is married to the American show host, Melisa Draper. Together, they have four children, Jesse Draper, Billy Draper, Adam Draper, and Eleanor Draper.
Social Media Profile
Tim Draper has an impressive number of fans on his social media pages where he shares a bit of his personal life and work-related stuff. As of the time of writing, Tim Draper has over 16,000 Instagram followers. Draper has over 227,000 Twitter followers. On Facebook, Draper has 14,000 followers.
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Tim Draper Net Worth, Salary and Earnings 2023
As of June 2023, Tim Draper has an estimated net worth of $1.2 billion. Draper earns his net worth from his chains of investments in startups, artificial intelligence, Bitcoin, blockchain, smart contracts, and computational genomics.
Tim Draper is an American venture capital investor with an estimated net worth of $1.2 billion. Draper is the founder of Draper Fish Jurvetson, Draper University, Draper Venture Network, Draper Associates and Draper Goren Holm. Draper is one of the richest crypto billionaires in the world.
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