Twitter Co-Founder, CEO Jack Dorsey Steps Down, Chief Tech Officer Parag Agrawal Named as Replacement

By  //  November 29, 2021

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dorsey has a net worth of approximately $11.8 billion

ABOVE VIDEO: Jack Dorsey steps down as Twitter CEO.

(FOXNEWS.COM) – Twitter CEO Jack Dorsey will officially step down from his role, effective immediately.

Dorsey co-founded Twitter with Evan Williams, Biz Stone, and Noah Glass back in 2006 and served as CEO until 2008. He later returned to the CEO role in 2015 after former CEO Dick Costolo stepped down.

He has a net worth of approximately $11.8 billion, according to real-time tracking by Forbes.

“There’s a lot of talk about the importance of a company being ‘founder led’,” Dorsey said in an email to employees shared on Twitter Monday.

“Ultimately, I believe that’s severely limiting and a single point of failure. I’ve worked hard to ensure this company can break away from its founding and founders.”

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