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

Jackson Palmer is a product manager and software engineer who is best known for co-founding the meme-inspired cryptocurrency Dogecoin with Billy Markus. Although he 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 cryptocurrency figures, he is not very vocal about his youth. He went to New Castle University in Sydney and graduated with a bachelor’s degree in 2008, two years after enrolling at the university.

A year after graduating, he was employed as a marketing analyst on 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 the acquisition of Business Catalyst. Jackson was initially based in Sydney, but when he was promoted to Product Marketing Manager in 2013, he had to move to San Francisco. This was also around the time he ventured into crypto.

He continued to climb the corporate ladder at Adobe. Jackson has spent most of his professional life working for the software company. In 2021, he was promoted to Senior Director of Product Management, Growth and Data Science.

Founder of Dogecoin

While working at Adobe in 2013, he decided to create a cryptocurrency with fellow software engineer Billy Markus. They first did it to poke fun at the rising Bitcoin bubble. They called their digital currency Dogecoin, inspired by the Doge meme. It became the very first meme coin and now there are hundreds of copies.

It quickly became a hit thanks to communities on websites such as Reddit. It got millions of views just two weeks after its release. Dogecoin also saw success after Elon Musk, the richest man in the world, invested in it and occasionally talked about it on Twitter.

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

Net worth and earnings

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

Even with the rise in value of Dogecoin, Jackson Palmer claims he hasn’t made any money from it. His only source of income is his current job at Adobe. With this, he has a net worth of $1 million.

Private life

Jackson is a secret man. These days, his social media activity is considered rare. And even when he goes online, he doesn’t share anything about his family or his private life.

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