Who is Dan Price?
In 1984, Dan Price was born on May 13. Michigan, United States, is the birthplace of Dan.
Dan is popularly known for being the founder of credit card processing company Gravity Payments. In 2015, Dan gathered a massive fan following after raising the salary for his company employees to $70,000 and lowering his wage from $1.1 million to $70,000.
|Full Name||Dan Price|
|Popular For||CEO of Gravity Payments|
Birthday and Zodiac
|Age (As 2023)||39 years old|
|Date of Birth||May 13, 1984|
|Birth Place||Michigan, the United States|
|Height||5 feet and 9 inches|
|Estimated net worth||$800k to $1 million|
Family and Relationship
|Wife||Kristie Colon (2005-2012)|
|Siblings||Lucas, Alex and Jessie Price|
Dan Price Biography TimeLine
Dan Price is an American entrepreneur and CEO best known for his innovative approach to employee compensation and his company, Gravity Payments. Born on May 13, 1984, in Idaho, Price has become a prominent figure in the business world, earning widespread recognition for his unconventional business strategies. Here is a timeline of Dan Price’s life events:
2008: Dan Price co-founded Gravity Payments, a credit card processing company based in Seattle, Washington.
2015: Price announced that he would raise the minimum salary for all Gravity Payments employees to $70,000 yearly, a significant increase from the company’s previous minimum wage of $48,000 annually.
2016: Dan Price was featured on the cover of Inc. magazine, which named him “The World’s Most Courageous CEO” for his decision to raise employee salaries.
2017: Price released a book titled “Worth It: How a Million-Dollar Pay Cut and a $70,000 Minimum Wage Revealed a Better Way of Doing Business,” which detailed his decision to raise employee salaries and the impact it had on his company and employees.
2020: Dan Price made headlines again when he announced that Gravity Payments would offer all new employees a $70,000 minimum salary, regardless of their job title or experience.
Dan Price is a unique figure in the business world, known for his commitment to his employees and his willingness to take risks to benefit his company and those who work for him. Through his innovative approach to compensation and his dedication to his employees, Price has shown that it is possible to run a successful business while prioritising its workers’ well-being and happiness. He remains a respected and influential figure in the industry, inspiring others to follow in his footsteps and make positive changes in their companies.
Dan Price: Net Worth
When Dan was 20, he founded Gravity Payments and studied at Seattle Pacific University. He extended the minimum salary of employees of ChargeitPro, a company bought in 2019 named Gravity Payments.
In 2015, Dan signed a book deal with Viking Press to be published for $500,000. This book will contain the first handwritten founding of Gravity Payments and a discussion of socially conscious business. In March 2020, Price claimed that the wage hike had worked well for his company, but he paused to say it was a complete success because global income disparity has started to rise.
According to various sources, Dan’s net worth is about $800k to $1 million. Dan’s primary source of income is his comp of an online credit card processing provider, Gravity Payments.
Dan Price: House
Dan was born in a Christian family and was homeschooled unthe was 12 years old in Southwest Idaho. Ron Price is Dan’s father’s name. Price has three siblings named Alex, Lucas, and Jessie. Price currently lives in Seattle, Washington’s Magnolia area.
Talking about Dan’s love life, he married his longtime girlfriend Kristie Colon from 2005 until their divorce in 2012. Price maintains his single status and is focused on his career to reach the highest peak.
Price lives in a luxurious, comfortable house with his family and owns a successful company. But after raising minimum wages of $70,000 for employees ameetingeet after taking a $900,000 pay cut, Price rented his house.
Dan Price: Political Party
Dan’s decision to make every employee’s salary $70,000 might be risky but worth it. Dan’s decision seems to be politically not good for business. But after making the decision, Price’s business was more successful.
Dan Price: Salary
Price makes his annual $70,000. After cutting off his salary from $1 million to $70,000, he downsized his life, sold the second house he owned, and tapped into his savings. However, some Financial experts say that Dan’s decision is risky.
Dan Price: Book
Price is the author of the book Worth It: How Taking A Million Dollar Pay Cut and Paying $70,000 Minimum Wages Revealed a Better Way of Doing Business. Since then, Price says his company has tripled, and his employers are worth every penny.
Dan Price Bio
In 1984, Dan Price was born on May 13. Price’s age is 38 years old. Holding American nationality, Dan is of a white racial background. Dan’s height is about 5 feet and 9 inches. There are no details available about Price’s weight and other body measurements. Dan’s beauty features are Brown eyes, long shoulder-length brown hair, and a charming smile.
Dan Price: Social Media
Price is seen on active social media platforms like Instagram, Twitter, Facebook, etc. His Instagram account @danpriceseattle has about 242k followers and has followed about 556 people. Likewise, Price has posted nearly 849 posts to date. Price has gathered about 643.1k followers on his Twitter account @DanPriceSeattle and has followed 842 people. As of today’s date, he has 16.3k tweets. His biography is also available on websites like Wikipedia, IMDB, Linkedin, etc.
- In 1984, Dan Price was born on May 13.
- Michigan, United States, is the birthplace of Dan.
- Dan’s height is about 5 feet and 9 inches.
- His Instagram account @danpriceseattle has almost 242k followers.
- According to various sources, Dan’s net worth is about $800k to $1 million.
Frequently Asked Questions
Dan Price is an American entrepreneur and the CEO of Gravity Payments, a credit card processing company based in Seattle, Washington.
Dan Price is known for implementing a $70,000 minimum wage for all employees at Gravity Payments, which garnered significant attention and media coverage.
Dan Price’s decision to raise the minimum wage positively and negatively impacted Gravity Payments. It generated publicity and increased employee morale but faced criticism regarding long-term sustainability.
Dan Price founded the credit card processing company Gravity Payments.
Dan Price’s annual salary is $1 million.
Dan Price started Gravity Payments in 2004 when he was still a student.
Dan Price is a good leader because he appreciates his employees.
You can contact Dan by sending an email to [email protected].
Dan Price cut his pay to increase his employee’s salaries in 2021.
Dan Price owns Gravity Payments.
Dan Price implemented the $70,000 minimum wage to address income inequality and create a more equitable work environment for his employees.
Dan Price has received various awards and recognition, including being named Entrepreneur of the Year by Entrepreneur magazine in 2014.
Dan Price started Gravity Payments in 2004 when he was 19 years old. He has since grown the company into a successful business in the payment processing industry.
Dan Price is active on social media platforms such as Twitter and LinkedIn, where he shares updates about Gravity Payments and his perspectives on various topics.
Specific details about Dan Price’s involvement in other business ventures or initiatives are not readily available. It’s best to refer to recent news, official announcements, or his social media accounts for the most up-to-date information.
Gravity Payments’ notable achievements under Dan Price’s leadership include its growth as a successful payment processing company and implementation the $70,000 minimum wage policy.