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Square CEO Jack Dorsey has made nearly $1 billion today

November 19, 2015, 4:29 PM UTC
BRITAIN-US-FINANCE-BUSINESS-INTERNET
Jack Dorsey, CEO of Square, Chairman of Twitter and a founder of both, arrives for a press conference in London on November 20, 2014, where he announced the launch of Square Register mobile application. The app, which is available on Apple and Android devises, will allow merchants to track sales, inventories and other data on smartphones and tablets. AFP PHOTO / JUSTIN TALLIS (Photo credit should read JUSTIN TALLIS/AFP/Getty Images)
Photograph by Justin Tallis — AFP/Getty Images

Okay, that headline may be a bit misleading. Jack Dorsey, CEO of both Square and Twitter, hasn’t technically made any money today. Not even from salary, really, since his Square only pays him $6,000 per year and he doesn’t take a dime from Twitter for his services. On paper, however, Dorsey is having a very lucrative 39th birthday.

Square (SQ) went public last night at $9 per share, and has seen its stock price rise around 50% in early trading. Dorsey currently holds more than 71 million shares of Square stock – none of which he sold via IPO – which are valued at nearly $950 million as of this writing.

Moreover, Dorsey holds nearly 22 million Twitter (TWTR) shares, which have appreciated by around $11 million as of this writing. Again, on paper.

So happy birthday Jack. Perhaps you can buy everyone presents.