Jared Isaacman

Jared Isaacman (born 1983/1984) is an American billionaire businessman and pilot. He is the co-founder and CEO of Shift4 Payments, a payment processor.[3]

Jared Isaacman
Born1983 or 1984 (age 37–38)[1]
OccupationCEO of Shift4 Payments
Net worthUS$2 billion (February 2021)[2]

Personal life

Isaacman grew up in New Jersey, where he attended high school in Far Hills. He had begun working, doing computer technical service and repair when he was 14.[4] Two years later, that work resulted in an offer of a full-time job from one of his clients, and he chose to drop out of high school to take the job, obtaining a GED along the way.[3]

In 2004, Isaacman began taking flying lessons. In 2009, he set a world record for circumnavigating the globe.[4][5] He is flight qualified in multiple military jet aircraft.[3] In his 20s, he flew in many airshows, but by his 30s, he had stopped flying much.[6]

He is married and has 2 daughters, ages 7 and 4.[6]

Business career

In 2005, Isaacman co-founded a retail payment processing company named United Bank Card, which was later renamed Harbortouch, a point-of-sale payment company based in Pennsylvania. He was the founding CEO, and retained that role in 2015 with the company having "been profitable for over a decade [while processing] US$11 billion a year from 60,000 merchants, generating US$300 million in revenues."[4] By 2020, the company had been renamed Shift4 Payments, Isaacman remained CEO, and the company was processing US$200 billion in payments annually.[3]

In 2012, he founded Draken International, a Florida-based company that trains pilots for the United States Armed Forces. The company operates one of the world's largest fleets of privately-owned fighter jets.[4][6]

Personal endeavors

Aerobatics career

While in his 20s, Isaacman performed in airshows with the Black Diamond Jet Team.[6][7]

World record flight

In 2008, he tried to set the world record for circumnatigating the globe in a light jet, falling just short, by travelling around the world in 83 hours, just beyond the existing record of 82 hours. The record attempt was a fundraising event for Make-A-Wish.[8]

In April 2009, he has set a world record for circumnavigating the globe in a light jet, making the flight in 61:51:15, about 20 hours faster than the previous record of 82 hours. The world record attempt was made as a fundraising event for Make-A-Wish Foundation of New Jersey.[4][5] He flew a Cessna Citation CJ2 with two other crewmembers, skipping stops in India and Japan, where he encountered hours-long ground delays in his last attempt in 2008.[8]

Spaceflight

In February 2021, Isaacman announced that he would serve as commander of SpaceX Inspiration4, the first private human spaceflight where none of the people aboard are from a government agency.[1] The flight will occur on an autonomously-operated SpaceX Crew Dragon 2 spacecraft launched by a Falcon 9 launch vehicle, and is slated to occur no earlier than the fourth quarter of 2021.[9][1]

References
  1. Chang, Kenneth (1 February 2021). "To Get on This SpaceX Flight, You Don't Have to Be Rich, Just Lucky". New York Times. Archived from the original on 1 February 2021. Retrieved 2 February 2021.
  2. "Forbes profile: Jared Isaacman". Forbes. Archived from the original on 2 February 2021. Retrieved 1 February 2021.
  3. Tognini, Giacomo (2020-10-07). "Meet The New Billionaire Who Dropped Out of High School and Flies Fighter Jets for Fun". Forbes. Retrieved 2021-02-01.
  4. Segran, Elizabeth (2015-04-13). "Meet The Fighter-Jet-Flying 32-Year-Old On Top Of The Payments Industry". Fast Company. Retrieved 2020-08-23.
  5. "Warren County pilot back at Morristown Airport after breaking world flight record". New Jersey Local News. 15 April 2009. Retrieved 2020-08-23.
  6. Whitford, David (25 October 2017). "This Founder Owns the World's Largest Private Fleet of Fighter Jets—and That's Just One of His Companies". Inc.com. Retrieved 23 August 2020.
  7. Thomas Burghardt (1 February 2021). "SpaceX announces Inspiration4, all-civilian space mission in support of St Jude's Hospital". NasaSpaceFlight.com.
  8. Sarah Schillaci (10 April 2009). "Warren County man attempts flight around globe in record time". New Jersey Local News. Star Ledger.
  9. Berger, Eric (1 February 2021). "SpaceX announces first "free flyer" human spaceflight". Ars Technica. Retrieved 2 February 2021.
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