At the April 1 market close, just before Musk disclosed his 9% holding that set the deal in motion, Twitter was selling at $39.31, putting Dorsey's holdings at $709 million. Musk's paying a rich, 38% premium at $54.20, all in cash, valuing Dorsey's position to $978 million.

In November 2022, Twitter reinstated Trump's account following Elon Musk's purchase of the platform. In June 2023, Dorsey endorsed Robert F. Kennedy Jr. in his campaign to become the Democratic party nominee in the 2024 United States presidential election.

Jack Dorsey cofounded Twitter in 2006 and the company made him a billionaire. He stepped down as Twitter CEO in 2021 and supported Elon Musk's takeover of the company. Dorsey runs the financial services company Block and is famous for his unusual life of luxury.

Dorsey was born Jack Patrick Dorsey in St. Louis, Missouri, the son of Tim and Marcia (née Smith) Dorsey. He is of English, Irish, and Italian descent. His father worked for a company that developed mass spectrometers and his mother was a homemaker.