Hey there, curious minds! Have you ever wondered just how much moolah the brilliant mind behind MicroStrategy, Michael Saylor, has stacked up? Well, get ready to be blown away!
In this article, Covemarkets is diving deep into the depths of Michael Saylor net worth.
Michael Saylor, a very successful tech entrepreneur, is no stranger to big money and high-risk bets. With his visionary leadership, he has managed to amass a fortune that would make Scrooge McDuck green with envy. As the CEO and founder of MicroStrategy, a renowned business intelligence firm, Saylor has cemented his place in the realms of the tech elite.
But just how much is this financial wizard worth? Brace yourselves, because it’s mind-bogglingly massive.
What is Michael Saylor’s Net Worth and Salary in 2023?
|Michael J. Saylor
|February 4, 1965
|58 years old (as of 2023)
|Lincoln, Nebraska, USA
|Massachusetts Institute of Technology (MIT), dual degrees in aeronautics and astronautics as well as science, technology, and society
|$2 – $3 billion
|Source of Wealth:
|CEO of MicroStrategy, investments in Bitcoin
Michael Saylor is an American businessman and developer who has done a lot to help the tech industry. As of 2023, his net worth is debated with various sources providing different estimates.
Some reports suggest that his net worth is around $2 billion, while others estimate it to be over $3 billion. Regardless of the exact figure, it’s clear that Saylor is one of the wealthiest individuals in the United States.
Michael Saylor’s Overview: Why is Michael Saylor Famous?
Early Life and Education
Michael J. Saylor was born on February 4, 1965, in Lincoln, Nebraska. Because his father was an Air Force chief master sergeant, he spent his early years living on different Air Force stations around the world.
Saylor and his brothers were raised as Southern Baptists. Eventually, Saylor’s family moved to Fairborn, Ohio, close to the Wright-Patterson Air Force Base. His education started at the Massachusetts Institute of Technology (MIT), where he went on a full scholarship from the Air Force Reserve Officer Training Corps.
Saylor joined the Theta Delta Chi club while he was at MIT and got two degrees in aeronautics and astronautics and science, technology, and society.
He graduated from MIT in 1987. While he was studying system dynamics at the MIT Sloan School of Management, he wrote A Mathematical Model of a Renaissance Italian City State as his thesis. He was interested in how computer modeling technology could be used in public policy and business strategy.
MicroStrategy Founding and success
Michael J. Saylor is a well-known American entrepreneur and business leader. In 1989, he co-founded MicroStrategy, a business information company that is traded on the stock market.
The company provides various data analytics capabilities, including:
- Data Discovery
- Advanced Analytics
- Data Visualizations
- Embedded BI
- Banded Reports and Statements
MicroStrategy maximizes corporate insights by linking and combining data from diverse sources and using machine learning to improve decision-making. This has led to its adoption by major companies such as Walmart, Amazon.com, and Apple Inc.
Saylor’s guidance and creative ways of doing things have helped MicroStrategy a lot. In 1992, McDonald’s gave the company a $10 million deal to make apps that would help them figure out how well their ads were working.
This contract was a turning point for MicroStrategy. It made Saylor understand that his company could make business intelligence software that would let companies use their own data to learn about their businesses.
In June 1998, Saylor took the company public, offering 4 million shares at $12 each. The stock price doubled on the first day of trading, reflecting the market’s confidence in the company’s potential.
By early 2000, Saylor’s net worth had reached $7 billion, making him the wealthiest man in the Washington D.C. area at the time.
MicroStrategy Losses and Controversies
In 2022, MicroStrategy reported a $1.28 billion impairment loss due to a major dip in the cryptocurrency market. The company’s Bitcoin holdings were worth a lot less than the debt used to buy them, which raised worries about shareholder impairment.
The District of Columbia Attorney General also sued Saylor in August 2022 for allegedly avoiding $25 million in taxes.
In the case, he was accused of lying about living in places with lower tax rates, and MicroStrategy was said to have helped him do this.
He made a big difference in education by starting Saylor Academy in 1999, which is a place where people can learn for free online.
In addition to this, Saylor authored a book titled The Mobile Wave: How Mobile Intelligence Will Change Everything in 2012. This book talks about how mobile technology trends will affect business, healthcare, and education in the future.
The book was well-received, making it to the New York Times Best Seller list and the Wall Street Journal’s Best-Sellers list.
In the past, Saylor resided in a lavish mansion called Villa Vecchia, located in Miami Beach, Florida. This impressive estate was constructed by L.M. Barrett back in 1928 and spans across 18,000 square feet. The mansion boasts 13 bedrooms, 12 bathrooms, and even a grand ballroom that can accommodate up to 150 guests.
There is also a beautiful study with mahogany panels, a formal dining room, and a top-notch gourmet kitchen.
Outside, the property offers a delightful pool pavilion, a gazebo overlooking the waterfront, and a dock that can house a 100-foot yacht. Apart from this magnificent mansion, Saylor also owns a home in McLean, Virginia.
FAQs about Michael Saylor
What is Michael Saylor doing now?
As of August 2022, Michael Saylor is the Executive Chairman of MicroStrategy, a company he co-founded and was CEO from 1989 to 2022.
How rich is Michael Saylor in Bitcoin?
Michael Saylor became a billionaire again due to his timely investments in Bitcoin. In October 2020, he personally bought 17,732 bitcoins for $175 million. In 2020, he put Microstrategy’s business funds into Bitcoin. Using company cash and loans, he paid $1.1 billion for 70,784 bitcoins.
What is the average price that MicroStrategy bought Bitcoin?
MicroStrategy and its companies bought about 12,333 Bitcoin for about $347 million in cash between April 29, 2023, and June 27, 2023. The average price per BTC was approximately $28,136, inclusive of fees and expenses.
Does he use any social media platforms?
Yes, Michael Saylor is active on social media platforms. Here are some of the platforms he uses:
In sum, Michael Saylor’s net worth shows how good a business he is and how hard he works to be successful. He has made a huge amount of money through smart business moves and risky investments, which puts him in a league of his own.
Saylor’s financial successes continue to amaze and inspire because he is a leader in the tech business with a clear vision. His journey shows that you can make a lot of money with the right attitude and take smart chances. So, here’s to Michael Saylor and his huge wealth, which shows how powerful desire and new ideas can be.