Jackson Palmer is a product manager and software engineer best recognized for co-founding Dogecoin with Billy Markus. Although he decided to leave the crypto project, his contribution to the industry has played a hilarious but important role in its development. Jackson Palmer now has an estimated net worth of $1 million.
Background
Palmer is from Australia and like many famous figures in crypto space, he’s not very vocal about his early life. He attended the University of Newcastle and earned a bachelor’s degree in marketing in 2008, two years after enrolling in college.
A year after graduating, he worked as a Marketing Analyst at the SaaS platform called Business Catalyst. Adobe Systems bought the company seven months after Palmer joined.
Adobe Career
After the acquisition, he transitioned to Adobe as a Product Marketing Specialist. Over time, he advanced through several roles and eventually relocated from Sydney to San Francisco in 2013, where he took on a more senior position as a Product Marketing Manager.
As of December 2021, he held the title of Senior Director of Product Management, Growth & Data Science at Adobe. His career at Adobe has been the cornerstone of his professional life and main source of income.
Founding Dogecoin
In 2013, while still at Adobe, Palmer teamed up with Billy Markus to launch Dogecoin – a joke cryptocurrency intended to satirize the hype around Bitcoin.
The coin was based on the then-popular “Doge” meme featuring a Shiba Inu dog. Palmer is credited for bringing the concept to life. He was the one who bought the Dogecoin.com domain and created its iconic logo, while Markus handled most of the technical development. The token became the first-ever meme coin and now there are 1000’s of copycats.
Dogecoin quickly became a hit thanks to Reddit and Twitter. It got millions of views two weeks after it was released. Dogecoin also gained success after Elon Musk bought some and occasionally talks about it on X.
Departure from Crypto
Despite Dogecoin’s popularity, Palmer stepped away from the project and the crypto space entirely. In a 2021 Twitter thread, he stated he had no plans to return to crypto, criticizing the industry as exploitative and driven by “a cult-like ‘get rich quick’ funnel.”
Net Worth and Earnings
Dogecoin’s price peaked on May 8, 2021 at $0.682 during Elon Musk’s SNL appearance. Since then the token dropped by over 80% but recovered and now has a market cap of around $47 billion.
Even with the rise of Dogecoin’s value, Palmer has stated multiple times that he never profited from Dogecoin and did not hold any meaningful amount. His estimated $1 million net worth comes primarily from his career in tech, particularly at Adobe. He could have made tens of millions with Dogecoin if he wanted to.
Personal Life
Jackson is a secretive person and isn’t active on social media like Billy Markus. And even when he goes online, he doesn’t share anything about his family or private life.
