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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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.
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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Serves as an engineering intern for his first tech company, Mira, where he hired Jack Dorsey as a teenager (Early Career Note).
Co-founds Square (later Block, Inc.) with Jack Dorsey (Founding).
Launches LaunchCode (Philanthropic Founding).
Named an Independent Director of the St. Louis Federal Reserve (Civic Role).
Publishes his book, The Innovation Stack (Literary Milestone).
Continues as Co-founder and Director of Block, and Founder of Invisibly (Executive Oversight).
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.
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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.
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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“I have this habit of starting companies, but I can't run them. If I stay around too long, I become disruptive.”
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0% | $0.00M
+0.21% | +$3.53M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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