Michael Saylor Net Worth

Michael Saylor

What is Michael Saylor’s Net Worth?

Net Worth$1.1 billion
Age57
Personal Bitcoin Holdings17,726 BTC
Source of WealthMicroStrategy
BirthplaceLincoln, Nebraska USA
Martial StatusSingle
NationalityAmerican
EducationMassachusetts Institute of Technology, BA & MS

Introduction

Michael Saylor is an American billionaire businessman and Executive Chairman of MicroStrategy.

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.

As of November 2022, Michael Saylor has a net worth of $1.1 Billion.

Early Life

Michael Saylor was born on February 4th, 1965 in Lincoln, Nebraska.

He graduated from the Massachusetts Institute of Technology in 1987.

Career

Michael Saylor founded MicroStrategy with M.I.T. fraternity brother, Sanju Bansal, and took the company public in 1998.

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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 November 2022, 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.

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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.

Investment Holdings

CompanyShares Owned
MicroStrategy (NASDAQ: MSTR)2,361,668

Michael Saylor owns 2,361,668 shares of MicroStrategy Class A shares worth around $642 million.

Bitcoin Holdings

CoinCoins Owned
Bitcoin (BTC-USD)17,732

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 $425 million.

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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.

Quotes by Michael Saylor

Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.

– Michael Saylor on Bitcoin

Like Bitcoin, living things are volatile. Dead things, not so much.

– Michael Saylor on Bitcoin

All my best investments were in networks that everyone needed, no one could stop, and few understood. Bitcoin is the monetary network.

– Michael Saylor on Bitcoin

The signal is monetary expansion everywhere. The problem is people are going to lose half their wealth in a few years. The solution is Bitcoin. The rest is noise.

– Michael Saylor on Bitcoin

My formula for success is rise early, work late, and buy Bitcoin.

– Michael Saylor on Success

Bitcoin is the dominant digital monetary network. The next billion members will pay trillions to join. You might want to join first.

– Michael Saylor on Bitcoin

There’s no price target. I expect we’ll be buying bitcoin at the local top forever. And I expect Bitcoin is going to go into the millions. So we’re very patient. We think it’s the future of money.

– Michael Saylor on Bitcoin Price Predictions

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.

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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.

Summary

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.

What do you think of Michael Saylor’s Net Worth? Leave a comment below.

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