Jacqueline Reese, a veteran technology leader, is a new billionaire after completing a stint in the financial services company Square, where he served for five years.
Reese is ranked 30th ForbesThe final edition of the richest American self-employed women, published earlier this month, is estimated at $ 920 million. It now surpasses its $ 1 billion mark with a 0.4% stake and additional stock options in the square. San Francisco’s stock closed at $ 267.57 a share on Wednesday, 22 times higher than the $ 12 New York Stock Exchange. Reese He joined the company in 2015, before the IPO, and served in various executive roles, most notably as Square Capital, the company’s small business loan division. She left the square in October 2020. Res had no opinion on her wealth.
Born and raised in Atlantic City, New Jersey, Rice says her first job was working in her father’s pharmacy behind the counter. A.D. She graduated from the University of Pennsylvania at Warton School in 1992 and began her career in Goldman Sachs, working on mergers and acquisitions. After becoming the Vice President of Investment Bank, she became the General Manager of iBuilding Software, a company that specializes in the real estate sector. IBuilding After being purchased in 2001, Reese moved to join Apax Partners, a private equity firm that has been around for more than a decade, leading a US partner group. A.D. In 2012, she joined Yahoo, leading various activities, including manpower and integration and procurement, and served as chief development officer.
Race A year after its founding in 2014, it took the lead in Square Capital. Under her leadership, she provided $ 850 million in loan payments to 80,000 businesses and billions of dollars in non-federal loans during the VV-19 epidemic. In Kares, Rice also served as a human resources leader, and earlier this year the FDIC-certified new bank was the executive chairman of Karek Financial Services.
Square does not specifically describe the financial metrics of the capital, but the division is the part of the “seller” that deals with the business software and hardware components of the company. The seller’s dividend, which brought in $ 2.7 billion from the company last year, is a major part of the square, including the rapid growth of the mobile banking cash application (created by this platform) and music streaming provider, despite recent differences. Tidal (acquired) – Helped to grow the company’s stock. Another development area – CEO Jack Dorsey doubled in bitcoin spending last month He announced via Twitter That square creates a new business dedicated to cryptocurrency.
Today, Reese is an active Fintech Angel investor through her family office, Post House Capital, and serves on the board of renowned industry players, including Digital Bank Nubank and Buy-Now-Pay-After. Last week, she joined the board of directors for new public entertainment force Endeavor Group Holdings, parent agency William Morris Endover, the final wrestling championship and the Miss Universe competition. Reese is part of a group of investors who acquired the dating app last year. She is a collector of art galleries featuring pieces from Henry Matisse, Pablo Picasso and Jean-Mill’s Basque.