Michael Saylor Net Worth
What is Michael Saylor’s Net Worth?
Michael Saylor is an American billionaire businessman and Executive Chairman of MicroStrategy. As of March 2023, Michael Saylor has a net worth of $1.1 Billion.
He is known for becoming the first Wall Street executive of a publicly traded American company to add Bitcoin to his company’s balance sheet.
Michael Saylor Bio
|Net Worth||$1.1 billion|
|Date of Birth||February 4, 1965|
|Personal Bitcoin Holdings||17,726 BTC|
|Source of Wealth||MicroStrategy|
|Birthplace||Lincoln, Nebraska USA|
|Education||Massachusetts Institute of Technology, BA & MS|
Michael Saylor was born on February 4, 1965, in Lincoln, Nebraska, USA. He grew up in a middle-class family and showed an interest in computers from an early age. Saylor attended the Massachusetts Institute of Technology (MIT), where he earned a degree in Aeronautics and Astronautics in 1987.
After graduation, Saylor worked as a consultant at DuPont, but soon he realized his passion for entrepreneurship. In 1989, he founded MicroStrategy, a software company that provides business intelligence and mobile software solutions. Saylor’s visionary leadership led MicroStrategy to become one of the leading software companies in the world.
Despite facing significant setbacks, including a financial crisis in the early 2000s, Saylor’s resilience and innovative thinking helped MicroStrategy survive and thrive. Today, Michael Saylor is widely recognized as a successful entrepreneur and a prominent advocate for cryptocurrency and blockchain technology.
Michael Saylor founded MicroStrategy with M.I.T. fraternity brother, Sanju Bansal, and took the company public in 1998.
MicroStrategy’s stock price soared during the Dot Com boom, making Saylor the richest person in Washington, DC area.
Years later after the Dot Com Bust, Michael Saylor regained the spotlight with a massive Bitcoin purchase during the COVID-19 pandemic that caught the attention of Wall Street institutional investors.
As of March 2023, MicroStrategy holds 130,000 BTC with an average purchase price of $30,664 per coin.
In August 2022, Michael Saylor stepped down as CEO of MicroStrategy to focus on the company’s Bitcoin acquisition strategy as Executive Chairman.
In September 2022, Saylor was sued by the District of Columbia for alleged tax evasion. The D.C. attorney general stated that Saylor lived in DC for several years without paying any income taxes.
He is a well known advocate of Bitcoin and blockchain technology to solve the global financial crisis caused by hyperinflation and reckless money printing by governments.
Michael Saylor is extremely active on Twitter and has over 2.7 million followers. You can follow him on Twitter at @saylor.
|MicroStrategy (NASDAQ: MSTR)||2,361,668|
Michael Saylor owns 2,361,668 shares of MicroStrategy Class A shares worth around $642 million.
Saylor is well known Bitcoin Maximalist who bought Bitcoin after the U.S. government began devaluing the United States with stimulus checks and quantitative easing.
Saylor maintains a high Bitcoin price prediction “in the millions” and believes BTC could 100x in the next 10 years.
Michael Saylor tweeted that he personally owns 17,732 BTC, which he bought back in 2020 for an average purchase price of $9,882. His personal Bitcoin holdings are now worth around $430 million.
While Saylor doesn’t have any Bitcoin-backed loans personally, he secured a $205 million interest-only loan from Silvergate Bank for a term of 3 years to acquire more Bitcoin for his company, MicroStrategy. The loan has a LTV ratio of 50% or less and matures on March 23rd, 2025.
If Bitcoin drops below $21,000 then MicroStrategy would face a margin call and may be forced to liquidate some of their Bitcoin to satisfy the loan requirements.
The good news is that MicroStrategy can manage the LTV ratio by posting additional collateral.
3 Life Lessons from Michael Saylor
1. Never Give Up
Saylor became a billionaire during the Dot com boom but fell from grace after he was sued for financial reporting fraud by the SEC. Instead of giving up, Saylor continued building up his company and saw a great opportunity to turn around his company with the likes of Bitcoin.
Thanks to Bitcoin’s popularity, Michael Saylor is a billionaire again and this time he has the opportunity to become one of the richest men in the world if Bitcoin continues its long term upward movement.
Never give up and you have the opportunity to succeed if you continue to show up in life. Good things happen to persistent people who remain consistent and never quit.
2. Invest in What You Know
Michael Saylor spent countless hours learning everything there is to know about Bitcoin and its technology. He is a regular guest on major TV networks and probably knows more about Bitcoin than any chairman on Wall Street.
Understanding your investments thoroughly is a great way to increase your chances of long term success because you truly know exactly what you are investing in. The more you understand your investments, the more confidence you will have in the short term if things go soar.
3. Be Passionate
Saylor is extremely passionate about Bitcoin and he can literally talk about crypto for hours straight without breaking a sweat. Napoleon Hill talks about this kind of passion in his book, Think and Grow Rich, because you cannot become great at something you don’t really care about.
Becoming passionate about whatever you do is a great way to speed up your success and this habit can carry over to your investing strategy.
Invest in companies and cryptocurrencies you are passionate about then let time build up your wealth.
Michael Saylor’s net worth is $1.1 billion, making him one of the richest crypto holders in the world. Although many criticize his risky Bitcoin investments, it has not stopped him from reaching the billionaire list a 2nd time and becoming the world’s most famous Bitcoin advocate.