The CEO who determined that his staff should get a minimum pay of $70,000 is Dan Price, who is well recognized for this decision. Due to being homeschooled, he grew up as a shy child who found solace in music. By the time Price was in his eighth grade, he had formed a band, and record companies were interested in signing him and his buddies. But once the drummer left and the group disbanded, Price was free to concentrate on his job as CEO of Gravity Payments. Here is how Dan Price net worth is $12 million in 2022 , according to estimates.
Dan Price’s 2022 Earnings, Salary, And Net Worth
Dan Price’s projected net worth as of September 2022 is $12 million. The majority of his income comes from his business, Gravity Payments. Even though he reduced his salary from $1.1 million to $70,000, he still owns the bulk of the firm.
Dan Price was born in Michigan, in the United States, on May 13, 1984. His mother gave birth to him together with his self-employed consultant father, Ron Price. Price is the youngest of three children and has three older brothers named Lucas, Alex, and Jessie.
He was raised in a devout Christian household before his family moved to Idaho when he was still a little boy. He attended homeschool till the age of 12. He picked up the bass guitar and started the Christian rock band “Straightforword,” which was popular enough to travel and receive radio play across the country.
2004 saw Dan Price register at Seattle Pacific University, a Christian institution. Price received multiple business prizes before she graduated from college in 2008.
Interested in finding out more about Dan Price’s personal life, including his current romantic situation? Dan Price is not known to be dating at the moment this article is being written.
But in 2007, he wed Kristie Lewellyn, his high school love. They divorced in 2012 due to irreconcilable disagreements.
The 38-year-old entrepreneur has a large following on social media platforms where he occasionally posts about his personal and professional lives. Price has more than 239,000 Instagram followers as of this writing. Additionally, he has more than 82,000 Facebook fans and over 640,000 Twitter followers.
In 2001, Dan and his brother founded Gravity. They recruited their first employee at the beginning of 2004. However, he had a falling out with his older brother years later. They both decided that Dan would take over as Gravity’s primary owner.
He reduced his compensation from $1.1 million to $70,000 in 2015 while also raising the minimum wage at his firm to $70,000. Additionally, he increased the minimum salary to apply to all ChargeItPro staff members, a business that Gravity Payments purchased in 2019.
Dan agreed to a book deal of $500,000 with Viking Press in 2015.
Financial services and credit card processing are provided by Gravity Payments.