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Jim McKelvey

Jim McKelvey

J. McKelvey
0.26% | + $3.98M
$1.51 B ₹ 13,753 Cr
Real Time Net Worth #2516 Ranking as of 21 Feb 2026 By Forbes

More on Jim McKelvey

Gender

Male

Age

61Y

Country

United States

Born On

January, 1965

Deceased

No

Relationship Status

Married

Children

2

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Fintech)

Primary Organization

Block, Inc.

Titles

Co-Founder

Sources of Wealth

Block

Industry

Fintech, Technology, Finance, Art

About Jim McKelvey


J im McKelvey is an American self-made billionaire, serial entrepreneur, and inventor. He is best known as the co-founder of the financial technology giant Block (formerly Square). A computer scientist and glassblowing artist, he came up with the idea for Square after his friend, a fellow artist, lost a sale because he couldn't accept a credit card. He teamed up with his friend, Jack Dorsey (the co-founder of Twitter), to solve this problem.

Together, they co-founded Square in 2009, creating the iconic square-shaped mobile card reader that allowed small businesses and individuals to easily accept credit card payments on their smartphones. The company has since grown into a massive fintech ecosystem that includes the popular peer-to-peer payment service, Cash App. McKelvey has served on the company's board of directors. In addition to his success with Square, he has founded a number of other companies and is also the chairman of the Federal Reserve Bank of St. Louis.

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Quick Reads


  • A co-founder of the fintech giant Block (formerly Square).
  • He co-founded the company with Twitter co-founder Jack Dorsey.
  • The original idea for the Square reader came from his experience as a glassblower.
  • He serves as the Chairman of the Federal Reserve Bank of St. Louis.
  • A serial entrepreneur, he has founded several other companies.

Early Life and Background


Jim McKelvey is an American businessman, the self-made billionaire Co-founder of Block, Inc. (formerly Square) and Invisibly (micropayments for journalism). His career is defined by serial entrepreneurship and a commitment to solving unsolved problems through technology and design.

McKelvey holds a B.A. in Economics and a B.S. from Washington University in St. Louis. His philosophical approach is defined by his book, The Innovation Stack, which details how to build an unbeatable business one crazy idea at a time. His personal passion is glassblowing; he is a respected master glass artist and authored the definitive text on the subject, The Art of Fire.

  • Block, Inc. (Co-founder & Director): The core publicly traded asset, a major mobile payments and financial services platform (formerly Square). He owns nearly 5 percent of the company.
  • LaunchCode (Co-founder): The non-profit that provides free job training and apprenticeships in the tech sector for aspiring professionals.
  • Invisibly (Founder): A new company that powers micropayments for journalism and publishing (addressing the digital media funding crisis).
  • Inspiration: The idea for Square came after he had trouble accepting a credit card payment for a $2,000 art piece from his studio.

Career Journey of Jim McKelvey


Jim McKelvey co-founded Square (now Block, Inc.) in 2009 with Jack Dorsey after realizing the immense structural friction in the payments process for small businesses. Their smartphone device and suite of business management tools revolutionized the way small businesses serve customers.

He later co-founded the non-profit LaunchCode, providing free tech apprenticeships, and the investment firm Cultivation Capital. McKelvey stepped down from his executive role to focus on philanthropy, teaching (at the Federal Reserve Bank of St. Louis), and new ventures (like Invisibly). His wealth is secured by his long-term stake in the multi-billion dollar Block, Inc. and his successful book, The Innovation Stack.

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Jim McKelvey's Timeline


1980s (approx.):

Serves as an engineering intern for his first tech company, Mira, where he hired Jack Dorsey as a teenager (Early Career Note).

2009:

Co-founds Square (later Block, Inc.) with Jack Dorsey (Founding).

2010:

Launches LaunchCode (Philanthropic Founding).

2017:

Named an Independent Director of the St. Louis Federal Reserve (Civic Role).

2020 (March):

Publishes his book, The Innovation Stack (Literary Milestone).

Ongoing:

Continues as Co-founder and Director of Block, and Founder of Invisibly (Executive Oversight).

Major Business Ventures and Investments


Jim McKelvey's wealth is concentrated in his founding equity and continued involvement in the publicly traded technology giant, Block, Inc. (NYSE: SQ), and his investment firms.

  • Block, Inc. (Co-founder & Director): The core publicly traded asset, a major mobile payments and financial services platform (formerly Square). He owns nearly 5 percent of the company.
  • LaunchCode (Co-founder): The non-profit that provides free job training and apprenticeships in the tech sector for aspiring professionals.
  • Invisibly (Founder): A new company that powers micropayments for journalism and publishing (addressing the digital media funding crisis).
  • Inspiration: The idea for Square came after he had trouble accepting a credit card payment for a $2,000 art piece from his studio.

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Philanthropy and Social Impact


Jim McKelvey's social impact is massive and structural, tied to Square/Block's role in providing essential financial infrastructure for small businesses globally. His founding of LaunchCode provides a massive structural contribution to workforce development, helping thousands of talented people find tech jobs.

His structural contribution to the arts is tied to his mastery of glassblowing and his authorship of The Art of Fire. He sits on the board of the Federal Reserve Bank of St. Louis, providing a unique entrepreneurial perspective to high-level economic policy.

Fashion, Style, and Lifestyle


Jim McKelvey maintains the professional, yet creative, style of a technology founder. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects his blend of master glass artistry and Wall Street finance.

Residing in St. Louis, Missouri, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to technology innovation, entrepreneurial mentorship, and social mobility.

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Quotes and Philosophy


“I have this habit of starting companies, but I can't run them. If I stay around too long, I become disruptive.”

Fun Facts & Trivia


  • He co-founded Block (Square) with Jack Dorsey after he couldn't accept a credit card payment for his art.
  • He is a master glass artist and authored the textbook The Art of Fire: Beginning Glassblowing.
  • He is on the board of the Federal Reserve Bank of St. Louis.
  • He founded the non-profit LaunchCode to teach people how to program.
  • He hired Jack Dorsey as an engineering intern for his first tech company (Mira).
  • He holds an estimated 5 percent of Block stock.
  • His wealth is tied to the successful monetization of mobile payment infrastructure.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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