Jackson Palmer Net Worth 2022: How Rich is the Dogecoin Co-Founder?

Jackson Palmer is a product manager and software engineer who is best recognized for co-founding the meme-inspired cryptocurrency Dogecoin with Billy Markus. Though he has decided to leave the crypto space, his name remains one of the most influential in the industry. As of 2022, Jackson Palmer has an estimated net worth of $1 million.

Background

Palmer is from Australia. Like many famous figures in cryptocurrency, he is not very vocal about early life. He went to the University of New Castle in Sydney and earned his bachelor’s degree in 2008, two years after enrolling in college.

One year after graduating, he was employed as a Marketing Analyst at the SaaS platform called Business Catalyst. Adobe Systems bought the company seven months after Palmer joined. 

Adobe Career

He was promoted to Product Marketing Specialist after Business Catalyst’s acquisition. Jackson was initially based in Sydney, but when he was promoted to Product Marketing Manager in 2013, he had to relocate to San Francisco. This was also around the time he ventured into crypto.

He continued to climb up the corporate ladder in Adobe. Jackson spent almost all of his professional life working at the software company. In 2021, he was promoted to Sr. Director of Product Management, Growth & Data Science.

Founding Dogecoin

While working at Adobe in 2013, he decided to create a cryptocurrency with fellow software engineer Billy Markus. They initially made it to poke fun at the rising Bitcoin bubble. They called their digital currency Dogecoin, inspired by the Doge meme. It became the first-ever meme coin and now there are 100’s of copycats.

It quickly became a hit thanks to communities on websites such as Reddit. It got millions of views just two weeks after it was released. Dogecoin also gained success after Elon Musk, the richest man alive, invested in it and occasionally talks about it on Twitter.

Palmer is credited for bringing the concept to life. He was the one who bought the Dogecoin.com domain and created its iconic logo. However, he left Dogecoin, saying that crypto industry had become too toxic. He confirmed in 2021 that he would not be returning to crypto anytime soon.

Net Worth and Earnings

Dogecoin’s price peaked in 2021. At the time of writing, its market cap is valued at over $18.1 million. By the end of 2022, some reports predict it could reach $0.35 but it appears unlikely given current market conditions.

Even with the rise of Dogecoin’s value, Jackson Palmer claims that he did not make any money from it. His sole source of income is his current job at Adobe. With this, he has a net worth of $1 million.

Personal Life

Jackson is a secretive man. Nowadays, his social media activity is considered rare. And even when he goes online, he does not share anything about his family or private life.