Techie + Gamers
    • Entertainment
    • Gaming
    • Tech
    • Social Media
    • About Us
    Techie + Gamers
    Home»Tech»Tim Draper Net Worth – How Rich is the Venture Capitalist?

    Tim Draper Net Worth – How Rich is the Venture Capitalist?

    Techie GamersBy Techie GamersJune 22, 2022
    Tim Draper
    Image: JD Lasica via Flickr

    Venture capitalist Tim Draper has founded many companies throughout his career. However, he is most known for his work with Draper Fisher Jurvetson (DFJ). Through it, he has made many successful investments in major tech companies. Moreover, he is a renowned supporter of cryptocurrencies. According to Forbes, Tim Draper has a net worth $1.2 billion.

    Early Life

    Timothy Cook Draper was born on June 11, 1958, in East Chicago, Indiana. He comes from a long line of businessmen and government officials. His father, William Henry Draper III, established the Draper & Johnson Investment Company.

    His grandfather, Willian Henry Draper II, was selected as the first ambassador to NATO. At first, Tim chose a different career path from his family and studied Electrical Engineering at Phillips Academy Andover.

    He later transferred to Stanford University, where he co-created the famous campus board game Stanford – The Game. He graduated in 1980 and got an MBA in 1984 from Harvard Business School.

    Business Pursuits

    In the beginning, Draper worked at the Alex. Brown & Sons, an investment banking firm. He left in 1985 to start his own business. He partnered with fellow venture capitalists John Fisher and Steve Jurvetson to start Draper Fisher Jurvetson.

    Along with DFJ, the Indiana native created an early-stage venture capital company called Draper Associates. 1990 saw the formation of the Draper Venture Network, which brought together experienced entrepreneurs from across the globe.

    In 2012, Timothy opened the for-profit institution Draper University of Heroes. He got to work with Arizona State University (ASU) the following year. The last company he founded was Draper Goren Holm, a blockchain venture fund created in 2018.

    Investment Career

    With DFJ, Tim Draper invested in companies that introduced disruptive technologies. His first major investment was in Hotmail, one of the first webmail services which was acquired by Microsoft in 1997 for $400 million.

    He continued to fund firms that eventually became industry leaders. This includes Skype, Twitter, Baidu, Tesla, SpaceX, Ring, Focus Media, Coinbase, and Twitch. He was also an early investor in Theranos, Elizabeth Holmes’ company was touted as a breakthrough health technology that went bust in 2018.

    As for his crypto endeavors, Draper made headlines after buying 30,000 Bitcoin that were seized from the Silk Road in an auction by the US Marshals service. He paid $19 million, and has made a huge return on his initial investment.

    Net Worth and Earnings

    Through venture capital investing, Tim Draper has become a billionaire by taking calculated risks in early stage companies. He made a massive fortune from Skype investment alone. DFJ owned 10% of the firm when it was acquired by eBay for $4.1 billion in 2005.

    If he still holds all of the 30,000 Bitcoin, they would be worth over $600,000,000 today. Despite the recent sell off, Draper predicts Bitcoin will reach a pierce of $250,000 by 2023. His crypto portfolio also includes other riskier crypto such as VeChain and Tezos. Currently, his net worth is valued at $1.2 billion.

    Personal Life

    Draper is married to Melissa Lee Parker. The couple has two daughters named Jesse and Eleanor, as well as two sons named Adam and Billy. Their family resides in Atherton, California.

    Share. Facebook Twitter
    Techie Gamers

    Started in 2017, Techiegamers is now home to over 500,000 visitors every month and has been featured on websites such as the LA Times, Yahoo, MSN and many more.

    Leave A Reply Cancel Reply

    Popular Posts This Week
    • Coffee Meets Bagel Net Worth 2023 – Is the…
    • Diana and Roma Net Worth 2023: How Rich are the…
    • Danny Duncan Net Worth 2023: How Rich is the YouTuber?
    • Numilk Net Worth 2023 – What Happened After…
    • Zapper Net Worth 2023 – What Happened After…
    Techiegamers.com

    We are a leading destination for engaging and authoritative entertainment coverage, news, net worths, reality TV, and more.

    Office location:
    1968 S. Coast Hwy #675
    Laguna Beach CA 92651
    (949) 799-2165

    Facebook Twitter Instagram LinkedIn
    © 2023 Techie + Gamers
    • About Us
    • Contact Us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.