|Net Worth||$12 Million|
|DOB||13 May 1984|
At this point, we would like to inform a most popular personality named Daniel Joseph Price, introduced as Dan Price who is a well-known American entrepreneur and started a noted company named Gravity Payments an online credit card processing company established in 2001.
In 2015, by the circumstances of his attempts, it became possible to increase the salaries of his company’s employees.
But the only thing is that time he decreases his salary from $70k to 1.2 million which is a great step and in 2023, Dan Price net worth is around to be $12 million.
Dan Price Net Worth
If you read the short story of Dan’s biodata, you will simply realize that Dan is an American entrepreneur who is the CEO of ” Gravity Payments” and has a net worth of $15 million. Gravity Payments is a credit card processing company that he started from his SPU dorm room at 19 years old.
|Full Name||Daniel Joseph Price|
|Date of birth||May 13, 1984|
|Siblings||Lucas, Alex, and Jessie Price|
|Father’s name||Ron Price|
|High School||Nampa Christian Schools|
|University||Seattle Pacific University|
In 2015, he gained worldwide attention for boosting his company’s minimum wage to $ 70 thousand while also reducing his income from $1.2 million to $70 thousand.
Price even claimed and it is rented to make ends meet after taking a $ 90000 pay cut and raising his company’s basic wage to $70000
But it is a great regret that his reputation was shattered when his ex-wife, Kristie, was accused of domestic abuse during their marriage.
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His brother also used him for the oppression of minority shareholders. Though price won over his brother and denied beating his wife.
Dan Price’s actual worth
From his Lifestyle, we can able to learn that he suffered as a result of his wage increase. In spite of this, he owned many properties including his primary residence in Seattle’s most prestigious area, Mongolia.
A 3400 square foot marvel with magnificent Puget Sound views and a large pool valued at $2 million.
Besides he also owns a 36 cobalt boat. Reportedly a comparable 2009 yacht was listed for sale in Seattle for well over $ 300,000.
Price told inc. in a 2015 cover story interview that he sold all of his stocks, drained his retirement account, and mortgaged two houses he owned, including a $1.2 million home in Washington, raising $3 million for Gravity Payments.
It also notified that a property records search revealed that Price had not mortgaged his residence at the time which he confirmed in a 2016 court declaration.
He also told the Today show that he only rents his home during the summer and that his decision was not based entirely on financial necessity.
Business of Career Deeds
In 2001 Dan and his brother founded Gravity And hired their first employee in 2004. However, Dan had a falling out with his brother years later They both decided that Dan would take over as Gravity’s majority owner.
He used his savings credit card, debit card, and student loans to help finance the business. Since Gravity developed its own technology’s technic and internalized the card processing infrastructure the business expanded quickly. On the other hand, the company’s revenue decreased by 20% after the 2008 recession.
In the year of 2012, Dan Price increased the employees’ salaries by 20% while increasing productivity from 30% to 40%. As a result, his income increased by 20% in the next year.
Once again, the company generated a significant profit. The company’s revenue in 2014 was $ 150 million with $7 billion in customer transactions.
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The company also made $2.2 million in profit, with 40 % going to Price and Lucas as dividends. In 2015, he raised his company’s minimum wage to $ 70000 while also reducing his income.
Dan Price Social Media links
Frequently Asking Questions
Is Dan Price A Billionaire?
Dan Price is not a Billionaire yet but I am sure the way he is handling his business and employees he will become a billionaire shortly.
How much is Dan Price Worth?
Dan Price net worth is about $ 12 million on the account of estimation.
Who is the CEO of Gravity Payments?
Since mentioned earlier, Dan Price is the current CEO of Gravity Payments.
What is the full name of Dan Price?
Actually Daniel Joseph Price is the full name of Dan Price.
Is Dan Price Married or Single?
Where does Dan Price live?
At present Dan Price is living in Seattle for managing his business.
In the last word, we can summarize that although Dan Price has a net worth of $200 million and is the CEO of Gravity Payments which processes credit cards, he agreed to a book deal of $500,000 with Viking Press.
As often as possible he posts liberal-resting views on financial issues via web-based entertainment. A portion of his posts has turned into a web sensation as Web-images