Jackson Palmer is a product manager and software engineer who is best recognized for co-founding the cryptocurrency Dogecoin with Billy Markus. Although he decided to leave crypto, his contribution to the industry has played a hilarious but important role in its development. As of 2023, Jackson Palmer has an estimated net worth of $1 million.
Palmer is from Australia and like many famous figures in crypto space, he is not very vocal about his early life. He went to the University of New Castle in Sydney and earned a bachelor’s degree 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.
After the acquisition, he was promoted to Product Marketing Specialist. Jackson was initially based in Sydney, but relocated to San Francisco in 2013 after a third promotion to Product Marketing Manager.
He has continued to climb up the corporate ladder in Adobe. Jackson has spent almost all of his professional life working at the software company. In December 2021, he was promoted to Sr. Director of Product Management, Growth & Data Science and still holds this role.
While working at Adobe in 2013, he decided to create a cryptocurrency with fellow software engineer Billy Markus. They initially made it to poke fun at the rising Bitcoin bubble. They called their digital currency Dogecoin, inspired by the Doge meme. The token became the first-ever meme coin and now there are 1000’s of copycats.
Dogecoin quickly became a hit thanks to communities on websites such as Reddit and Twitter. It got millions of views two weeks after it was released. Dogecoin also gained success after Elon Musk, the second richest man alive, invested in it and occasionally talks about it on Twitter.
Palmer is credited for bringing the concept to life. He was the one who bought the Dogecoin.com domain and created its iconic logo. However, he left Dogecoin, saying that the crypto industry had become too toxic. He confirmed in 2021, he would not be returning to crypto anytime soon.
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 has dropped by over 80% and has a market cap of $10.4 billion. Even with the rise of Dogecoin’s value, Jackson Palmer claims that he did not make any money from it. His primary source of income is his current job at Adobe. Currently, Palmer has a net worth of $1 million.
Jackson is a secretive person and isn’t active on social media like Billy Markus. And even when he goes online, he does not share anything about his family or private life.