|Net Worth:||$1.5 Million|
|Date of Birth:||August 7, 1966 (56 years old)|
|Profession:||Entrepreneur, Businessperson, Internet Entrepreneur, Trader|
|Nationality:||United States of America|
What is Jimmy Wales’s net worth? How does Jimmy Wales make his money? Below is the current net worth of Jimmy Wales and how Jimmy Wales makes his money.
What is Jimmy Wales’s Net Worth?
Jimmy Wales is an American Internet entrepreneur who has a net worth of $1.5 million. Jimmy Wales, an American-British Internet entrepreneur, is credited with co-founding both the for-profit web hosting firm Wikia and the online encyclopedia Wikipedia. Time magazine listed him as one of “The 100 Most Influential People in the World.”
Jimmy Wales was born on 7 August 1966 in Huntsville, Alabama. Wales attended Randolph School, a preparatory school that cost the family a considerable amount of money. In 1986, he earned a bachelor’s degree in finance from Auburn University. Following that, he started a Ph.D. program at the University of Alabama before switching to Indiana University. He actually taught at both universities while pursuing his doctorate degree, but he never finished his dissertation.
Wales started his career in 1994 with the Chicago-based options trading company Chicago Options Associates. While at school, Wales had grown fascinated with networks, gaming, and computer code. In 1996, he and two colleagues founded Bomis, a web portal and “guy-oriented search engine,” as a result of this fascination, which led him to quit his banking career.
Wales and Larry Sanger co-founded the online encyclopedia Nupedia in 2000. It is a peer-reviewed and open-content.
Despite the fact that Wales was solely responsible for the invention of Wikipedia, Sanger helped to shape and direct it in its early years. Furthermore, the initiative received some additional funding from Wales’ first business, Bomis. Sanger served as the website’s editor-in-chief and resigned in 2002.
Wales later claimed he was Wikipedia’s sole creator, and since then, there has been a dispute between him and Sanger over who actually claims the title of founder or co-founder of Wikipedia.
Wales founded the Wikipedia Foundation in 2003. This non-profit company looks after Wikipedia-related domain names and intellectual property rights. The for-profit firm Wikia was established in 2004 by Wales.
Wikia is a “wiki farm,” which is a collection of separate wikis on various subjects, such as “Star Wars” or “Harry Potter.” A search engine that was intended to compete with Google was also available on Wikia.
Wales has won numerous honors and distinctions throughout his life. In addition to serving on numerous boards for Internet and technology-related topics at MIT and Harvard Law School, he was a previous co-chair of the World Economic Forum on the Middle East.
He received a Doctorate Honoris Causa from USI Lugano University’s Faculty of Communication Sciences in 2014.
Both Maastricht University and Glasgow Caledonian University in Scotland awarded him honorary degrees.
For creating Wikipedia, he received the President’s Medal of the British Academy in 2017.
Wales has had three marriages. As of this writing, Jimmy Wales is currently married to Kate Garvey together they have two daughters. Jimmy Wales and his family reside in London.
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