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McKelvey
Jim McKelvey
Rank #2371
UNITED STATESTechnologyMobile payments

Jim McKelvey

Net Worth
$1.737B
+0.91% (24h)
James Morgan McKelvey Jr. is a prominent American entrepreneur, with an estimated net worth of $1.6 billion as of 2024, primarily from his involvement in mobile payments. He co-founded Block, Inc. (formerly Square, Inc.) in 2009, revolutionizing financial services for merchants. McKelvey's career includes founding multiple companies and serving on the board of directors for Block, Inc. He is also the founder of Invisibly. McKelvey has significantly contributed to the technology sector and is known for his innovation and philanthropy, including founding LaunchCode, a non-profit focused on tech education and job placement.

The Full Dossier

Early Life

James Morgan McKelvey Jr. was born and raised in St. Louis, Missouri. He attended Ladue Horton Watkins High School and later graduated from Washington University in St. Louis with bachelor's degrees in economics and computer science in 1983. During his time at Washington University, he also worked as a glassblowing instructor.

Rise to Success

McKelvey's career began with founding Mira Conference Inc. in 1989. In 2002, he founded Third Degree Glass Factory, a glass art studio and gallery in St. Louis. In 2009, he co-founded Square, Inc. (now Block, Inc.) with Jack Dorsey, which transformed mobile payments. Square's card reader design was recognized by the Museum of Modern Art in 2011. McKelvey served as chairman of Square until 2010 and remains on Block's board.

Key Business Strategies

McKelvey has demonstrated a knack for solving problems, as seen with Square's creation. His willingness to embrace new technologies and build stable organizational structures highlights his strategic approach. In addition to his entrepreneurial endeavors, he founded LaunchCode, a non-profit focused on tech education.

Philanthropy

In 2016, McKelvey donated $15 million to Washington University's School of Engineering and Applied Science for a new computer science and engineering building. He and his wife Anna signed The Giving Pledge. Their philanthropic endeavors are managed through The Alpha Epsilon Fund.

Career Timeline

2019

Washington University's engineering school renamed the McKelvey School of Engineering.

Renamed in honor of his father's accomplishments.

2017

Appointed as an Independent Director of the Federal Reserve Bank of St. Louis.

Appointed as an independent director.

2016

Founded Invisibly

Founded Invisibly, a company seeking to allow consumers to profit from their online data.

2013

Co-founded LaunchCode

Co-founded LaunchCode, a non-profit organization focused on talent growth and job training in technology.

2010

Stepped Down as Chairman of Square, Inc.

Served as chairman until 2010 and currently sits on the Board of Directors at Block, Inc.

2009

Co-founded Square, Inc. (now Block, Inc.)

Co-founded the mobile payment company.

2002

Founded Third Degree Glass Factory

Founded a glass art studio and gallery in St. Louis.

1989

Co-founded Mira Conference Inc.

Founded Mira, a commercial document imaging system

Philanthropic Impact

Education$15M

Washington University School of Engineering

Donated for a new computer science and engineering building.

EducationN/A

LaunchCode

Co-founded LaunchCode, a non-profit focused on tech education and job placement.

Wealth Trajectory