Almost everyone uses the website Wikipedia, but not many people know much about its co-founder, Jimmy Wales. Before Wales started Wikipedia with Larry Sanger and became an internet entrepreneur, Wales worked as a financial trader. He is so famous on the web; that is why netizens want to know how much is Jimmy Wales’ Net Worth? Although one of the most popular destinations on the Internet today is Wikipedia, with more than 5 billion visits per month, its founder is not a billionaire because Wikipedia is a non-profit organization. So what is Jimmy Wales’ source of income, and how much does he earn? This has become a modern issue in everyone’s mind. Therefore, in this article, we will tell you about his net worth.
But before we get to know his net worth, we will first discuss his life, career, personal life, and more. So let’s have a quick overview of his everything. On August 7, 1966, Jimmy Wales was born to parents Jimmy Sr. and Doris Ann in Huntsville, Alabama. Jimmy’s father was a grocery store manager and had three brothers and a sister. Wales’s grandmother and mother reportedly ran a small private school, the House of Learning, where he received his primary education. From an early age, Jimmy loved to read the World’s Book Encyclopedias for hours. From the eighth grade, he transferred to Randolph School. At the age of 16, Wales went to Auburn University in Alabama, where he graduated with a bachelor’s degree in Finance. He later earned a Master’s in Finance from the University of Alabama while teaching at two universities.
Jimmy Wales’ Net Worth:
As of 2021, Jimmy has a net worth of $12 million which he accumulated through his contributions to the Internet. Jimmy Wales was announced as the winner of the David Dan Award, in which he was awarded $1 million. Also, Wales is paid around $70,000 for a speech at a company or university. He also received several million dollars in various cash prizes. For example, he received an Israeli award of $1 million for scientific, technological, and cultural achievements. Wales also helps several brands promote their products which is another source of income for him. He recently worked with renowned Swiss watch brands and Maurice Lacroix brand to promote their new watch.
Jimmy Wales also invested in Quora, an online platform for asking questions and connecting with more than 600 million visitors every month. Quora makes a lot of money from the ads that appear on its content. In addition, he has received various awards and accolades for his contributions to the world of the Internet. Jimmy Wales won the UK Tech4Good Award and the Mohammed bin Rashid Knowledge Award in 2014. Jimmy was also awarded honorary citizenship of the Esino Lario and the British Academy President’s Medal in 2017. Also, he has won awards such as the Global Brand Icon of the Year Award, the Leonardo European Corporate Learning Award, Pioneer Awards, and the Gottlieb Duttweiler Awards, among others.
Jimmy Wales’ started his career with Chicago Options Associates in the year 1994. However, a year later, he, along with a group of friends, had founded Bomis, an Internet-based company that built on the success of Netscape’s initial public offering. The company grew under his tutelage and guidance, and he began investing in a number of other companies. He and his entrepreneur friend Larry Sanger decided to begin an online knowledge website called Nupedia in the year 2001, which they later turned into a non-profit organization and renamed it Wikipedia. The websites have become popular as a resource for exploring leading people and organizations.
In the year 2003, Jimmy Wales’ founded a Foundation named Wikimedia. Jimmy has been involved in a number of controversies over the misappropriation of company funds. Then, in 2008, he founded Wikia and has served on the boards of several well-known companies, including the Guardian Media Group, Creative Commons Sunlight Foundation, MIT Center for Collective Intelligence, and others. Jimmy is also a successful writer who has published several novels besides his business. He is a member of the World Economic Forum and a strong as well as an inspiring entrepreneur.
Jimmy Wales’ Family & Personal Life:
In 1986, Jimmy Wales’ tied the knot to Pamela Green in Alabama. Pamela used to work with him at a grocery store while he was in college. But, in the year 1993, they divorced. In 1997, Jimmy again got married to Christine Rohan in Florida, whom he met while working in Chicago, and they have a daughter together. Jimmy and Christine divorced in 2008, and that same year he had an affair with political columnist Rachel Marsden.
In 2012 Jimmy married his third wife, Kate Garvey, in London. They met in Davos, Switzerland. They have two daughters together. Currently, Jimmy resides in London along with his family. In 2016 Wales received honorary citizenship of the Italian region Esino Lario. In 2017, he announced the launch of WikiTribune, a free online publication devoted to fighting fake news. It was reported that in 2019 he launched an ad-free social network called “WT: Social.”