Biography
Michael Saylor is a business executive and entrepreneur from the United States. He is the co-founder and executive chairman of MicroStrategy, a firm that delivers corporate information, mobile applications, and cloud-based services.
Saylor attended the Massachusetts Institute of Technology (MIT) on an Air Force ROTC scholarship in 1983. In 1987, he graduated from MIT with a double major in aeronautics and astronautics, as well as science, technology, and society.
Michael Saylor Age
He is 58 years old as of 4 February 2023. He was born on 4 February 1965 in Lincoln, Nebraska, United States. Michael J. Saylor is his birth name.
Michael Saylor Family
Saylor was born and raised on several Air Force bases across the world, as his father was a chief master sergeant in the Air Force. Saylor’s family moved to Fairborn, Ohio, near the Wright-Patterson Air Force Base, when he was 11 years old.
Michael Saylor Partner (Who is Michael Saylor wife?)
He is an unapologetic bachelor, who has never married and enjoys all the trappings of being a multimillionaire catch, life has never been better. There are his fabled parties — specifics of which remain a mystery — and the yachts that create such a stir on the Potomac.
Michael Saylor House
Saylor resides in McLean, Virginia, and owns a huge home in the Hamptons, near New York. He also owns Villa Vecchia, a home in Miami.
Bitcoin
Saylor revealed his desire to purchase Bitcoin, gold, or other alternative assets instead of cash on MicroStrategy’s quarterly earnings conference call in July 2020. The following month, MicroStrategy spent $250 million of their cash reserves to buy 21,454 Bitcoin.
MicroStrategy later increased its Bitcoin holdings by $175 million in September 2020 and another $50 million in early December 2020. MicroStrategy reported on December 11, 2020, that it has sold $650 million in convertible senior notes, incurring debt to expand its Bitcoin holdings to more than $1 billion. MicroStrategy reported their entire holdings on December 21, 2020, including 70,470 bitcoins purchased for $1.125 billion at an average price of $15,964 per bitcoin.
Holdings as of February 24, 2021, comprise 90,531 bitcoins purchased for $2.171 billion at an average price of $23,985 per bitcoin. Saylor, who owns 70% of MicroStrategy, dismissed onlookers’ concerns that the move would turn MicroStrategy into a Bitcoin investment firm or exchange-traded fund (ETF). Saylor revealed in October 2020 that he personally held 17,732 bitcoin at an average purchase price of $9,882.
He had not sold any Bitcoin as of October 2021. MicroStrategy purchased 7,002 bitcoins for about $414.4 million in cash between October 1 and November 29, 2021, at an average purchase price of $59,187, bringing its total holdings to 121,044 bitcoins. Saylor resigned as CEO in August 2022, following a $917 million impairment in the value of MicroStrategy’s bitcoin investment. He remained the executive chairman.
Illness
He majored in aeronautics and astronautics as well as science, technology, and society at MIT. Despite her desire to fly, Saylor was unable to do so due to a benign heart murmur diagnosis.
Net Worth
He has an estimated net worth of $3 billion.
Book
Saylor’s book The Mobile Wave: How Mobile Intelligence Will Change Everything, published by Perseus Books in June 2012, explores mobile technology trends and their potential impact on business, healthcare, education, and the developing world. The book was ranked number seven in hardback non-fiction books on the New York Times Best Seller list in August 2012, and number five in hardcover business books on the Wall Street Journal’s Best-Sellers list in July 2012.
Yacht
He like boats and owns several of them; a few years ago, he even developed a fractional ownership business called Fleet Miami. Usher, a 154-foot (47-meter) all-American boat that starred in the Entourage comedy as a Miami party yacht, is the star of that. Saylor paid $31.5 million for it in 2013. The yacht had been built by the famed American shipyard Delta Marine for six years at the time.
What distinguishes Usher is the mix of one of the most exotic, sumptuous interiors available with cutting-edge technology. Bamboo, exotic woods, and leather are heavily employed, and each of the five cottages can be regarded “a work of art” due to their distinctive décor. The A/V equipment, as well as the TV screens and control systems in each room, are of the highest quality. A true party yacht would also have a hot tub, multiple bars (with margarita machines), a salon that can be converted into a cinema, and plenty of water toys.
MicroStrategy
Saylor and his MIT fraternity brother Sanju Bansal co-founded MicroStrategy with funds from DuPont. The company first focused on software for business intelligence before developing software for data mining. MicroStrategy was awarded a $10 million contract by McDonald’s in 1992 to create applications for evaluating the effectiveness of its promotions. The agreement with McDonald’s driven Saylor to understand that his organization could make business knowledge programming that would permit organizations to involve their own information for experiences in their organizations.
In June 1998, Saylor made the business public with a $12-a-share initial stock offering of 4 million shares. On the first day of trading, the price of the stock doubled. He owns more than 39,521 units worth more than $14,482,075. The Washingtonian reported that Saylor was the wealthiest man in the Washington, D.C., area at $7 billion by the beginning of 2000.
In 1996, Saylor was named KPMG Washington Super Advanced Business visionary of the Year. Saylor was named Software Entrepreneur of the Year by Ernst & Young in 1997, and Red Herring Magazine named him one of its Top 10 Entrepreneurs for 1998. Saylor was likewise highlighted by the MIT Innovation Audit as a “Trend-setter Under 35” in 1999.
Saylor resigned as CEO of MicroStrategy on August 8, 2022, but he remained executive chairman. He was replaced as CEO by the company’s president, Phong Le. Saylor bought and immediately sold Bitcoin in December 2022 for “tax purposes.”