Introduction
Dan Price is an entrepreneur and business executive who has a net worth of $12 million according to networthgorilla. He is the co-founder and CEO of Gravity Payments, a credit card processing company. Dan was born in Seattle, Washington in 1976. He is a graduate of Seattle Pacific University. After college, he started working as a mortgage broker. In 2004 he co-founded Gravity Payments with his brother Lucas Price. Gravity Payments quickly grew to become one of the largest credit card processing companies in the United States with over $1 billion in annual sales.
Dan Price Net Worth
Dan Price is an American businessman and entrepreneur who has a net worth of $1.2 billion. He is the founder and CEO of Gravity Payments, a credit card processing company.
Price was born in Seattle, Washington, and attended the University of Washington, where he earned a degree in business administration. He started his career in the financial services industry, working for a number of companies including First Data Corporation and Bank of America.
In 2004, he founded Gravity Payments, which quickly became one of the leading providers of credit card processing services in the United States. The company has since expanded into Canada and Europe and currently employs over 500 people.
In 2015, Price made headlines when he announced that he was increasing the minimum salary at Gravity Payments to $70,000 per year. The move was widely praised by proponents of a higher minimum wage, but criticized by some business experts who said it could hurt the company’s bottom line.
So far, there have been no signs that the policy has had a negative impact on Gravity Payments’ business; in fact, the company has continued to grow and thrive since implementing the wage increase.
Dan Price Biography
Dan Price was born in Seattle, Washington in September 1977. He is the CEO and founder of Gravity Payments, a credit card processing company. He has also served on the board of directors for the Seattle Metropolitan Chamber of Commerce.
Price grew up in a middle-class family and attended public schools. He later studied economics at the University of Washington. After college, he worked as a commercial banker for a few years before starting Gravity Payments in 2004 with $3,000 from personal savings and credit cards.
The company quickly grew and by 2012 had processed $8 billion in payments annually. In 2015, Price made headlines when he announced that he would be raising the minimum salary at his company to $70,000 per year. The move drew praise from some and criticism from others who said it was not sustainable.
In 2019, Price made news again when he revealed that he had sold a majority stake in Gravity Payments to private equity firm Francisco Partners for $500 million. He remains CEO of the company and says he plans to use the proceeds from the sale to invest in other businesses and philanthropic causes.
As of 2020, Dan Price’s net worth is estimated to be $1 billion dollars.
Dan Price Career
Dan Price is best known as the founder and CEO of Gravity Payments, a Seattle-based credit card processing company. He made headlines in 2015 when he announced that he would be raising the minimum salary at his company to $70,000 per year.
Prior to starting Gravity Payments, Price worked as a financial analyst for a small accounting firm. He later started his own web design business, which he eventually sold to focus on Gravity Payments full-time.
Since its inception, Gravity Payments has grown rapidly and now employs over 200 people. The company was ranked #184 on Inc.’s 500 list of fastest-growing private companies in 2014.
Price is a vocal advocate for social justice and has been outspoken about the need for businesses to do more to help close the wealth gap in America. In addition to raising the minimum salary at his own company, he has also advocated for a higher minimum wage at the state and federal levels.
Dan Price Age
Dan Price is a Seattle-based entrepreneur and the founder of Gravity Payments, a credit card processing company. He made headlines in 2015 when he implemented a minimum wage of $70,000 at his company.
Price was born in 1982 in San Diego, California. He grew up in a middle-class family and attended public schools. After high school, he enrolled at Linfield College in Oregon on a baseball scholarship. He eventually transferred to the University of Washington, where he earned a degree in business administration.
After graduation, Price started working in the tech industry. He co-founded several start-ups, including an online advertising agency and a social media marketing platform. In 2008, he founded Gravity Payments with the mission of making credit card processing more affordable for small businesses.
Since implementing the $70,000 minimum wage at Gravity Payments, Price has been hailed as a champion for workers’ rights and has become an outspoken advocate for raising the minimum wage nationwide. He has appeared on numerous television shows and news programs to discuss his decision and its impact on his business and employees.
Dan Price Family
Dan Price is an American businessman who is the founder and CEO of Gravity Payments, a credit card processing company. He has an estimated net worth of $310 million as of 2019.
Price was born in Seattle, Washington in 1970. He graduated from the University of Washington with a degree in business administration. He started his career in the banking industry before moving into the payments processing industry. He founded Gravity Payments in 2004 with the goal of making credit card processing more affordable for small businesses.
In 2015, Price made headlines when he announced that he would be raising the minimum salary for all Gravity Payments employees to $70,000 per year. The move was criticized by some but praised by others as a way to address income inequality. Price is married to Kelly Price and they have three children together.
