Jim McKelvey

$1.6B
as of 10/04/24

About Jim McKelvey

Jim McKelvey cofounded payments firm Square with Jack Dorsey in 2009 after he had trouble selling a $2,000 art piece from his studio; the company was renamed Block in 2021.

McKelvey remains on Block's board He started a new company, Invisibly, which powers micropayments for journalism and publishing.

He owns nearly 5% of Block stock and has netted at least $270 million from selling Block shares over the years.

A serial entrepreneur, he has started at least seven companies, ranging from a CD cabinet maker to a glass-blowing studio.

He also sits on the board of the Federal Reserve Bank of St. Louis and started a nonprofit, LaunchCode, to teach people how to program.

In March 2020, he released "The Innovation Stack," a book detailing Square's battle with Amazon to create a better payments system.

Personal stats

Citizenship

United States of America

Source of wealth

Mobile payments

Residence

St. Louis, Missouri

Marital status

Married

Birth date

10/19/65 (age 58)

Number of children

2

Education

Bachelor of Arts/Economics, Washington University in St. Louis; Bachelor of Science, Washington University in St. Louis

Self-made

self-made

Jim McKelvey’s fortune is worth

27K

troy ounces of gold

25K

median U.S. household

16K

median U.S. income

0.032%

U.S. credit card volume

0.006%

GDP of the United States

0.005%

United States debt

Net worth history

Annual ranking

Did you know?

McKelvey is the author of two textbooks on computer science and one textbook called "The Art Of Fire: Beginning Glassblowing."

Net worth over time

Real-time ranking

Financial assets

NYSE | SQ-US

Block Inc Class A

US OTC | CZOOF-US

Cazoo Group

Images © Forbes.com. All rights reserved.