Jared Isaacman is an American pilot and businessman. He is famous for being the CEO of the payment processor company ‘Shift4 Payments’ in Pennsylvania.
Jared Isaacman was born on Friday, February 11, 1983 (age 38 years; as of 2021), in New Jersey, US. His zodiac sign is Aquarius. He attended Ridge High School, Bernards Township, New Jersey, and at the age of 16, he dropped out of school. Later, he did his graduation from Embry-Riddle Aeronautical University, Daytona Beach, Florida, US. Forbes LinkedIn- Jared Isaacman
Height (approx.): 6′
Eye Color: Black
Hair Color: Black
Parents & Siblings
His father, Donald Isaacman, is a chairman at the payment processor company ‘Shift4 Payments.’ He has three elder brothers, Tiffany, Marc, and Michael.
Wife & Children
He met Monica while he was in middle school. After dating for almost 13 years, the couple got married. The couple has two daughters.
When he was in class 9, Jared and his best friend Brendan Lauber developed an interest in fixing computers. Later, they thought of opting it professionally and started a company ‘Deco Systems’ in which they provided assistance to computer users. Issacman then did a summer job at a private firm named ‘CompUSA’ in the USA. One of his clients there Mario Parisi (owner of Merchant Services International) was impressed by his work and offered him a job in his company. Jared accepted the offer and quit his school. In an interview, while talking about his school, Jared said,
I hated high school. I watched my older siblings out in the world and they seemed to be having a much better time than me. I could not wait to be an adult.”
While he was working there, he realised that the process of using credit cards was quite burdensome and costly. So, Jared thought of making an application software that can make the work easier. Later, he quit his job and started a company named United Bank Card (parent company of Shift4) in the basement of his home, his father also joined his company. Jared then took a loan of $10,000 from his grandfather and through his father’s connection he convinced a bank to issue him an identification number to sell the credit-card terminals. He then hired one of his friends Decho in the company. Soon, his business boomed, and he returned his grandfather’s loan. Later, they started their office in Arizona.
In 2008, he launched ‘Harbortouch,’ a touchscreen device that helped in combining a cash register and a credit card terminal in one device. A few years later, he developed an interest in aviation and started it as a hobby. Slowly, he started devoting more time to flying jets. He did the fastest around-the-world flight in a light jet in 2009 in which he flew from Morristown, New Jersey, via the Azores and Alaska within a record time of 61 hours and 51 minutes. Forbes With the event, he raised a fund of more than $100,000 and donated it to ‘Make-A-Wish Foundation.’
Later, he got to know that by professional training and FAA certification, he could fly the US military aircraft, so he started the training and received the certification. In 2010, he met Sean Gustafson (member of the popular Air Force stunt squadron ‘Thunderbirds’ at that time), and later, they both did an air show squadron “Black Diamond Jet Team” along with the retired pilots and other trained civilians. Later, Jared and his friend decided to convince the Air Force to outsource the training of new pilots to them which they conducted with the help of ex-military aircraft, and the cost of training was also less. Jared and his friend then started ‘Draken International’ which provides air services on contract.
He invested a huge amount of money in his company ‘Draken International’ to buy fighter jets like Douglas A-4 Skyhawks from New Zealand, Atlas Cheetahs from South Africa, and Aero L-159s from the Czech Republic. In an interview, while talking about managing his payment company and aircraft company simultaneously, he said,
All I needed to focus on was buying more fighter jets before others could get their hands on them. Shift4 has always been the greater portion of my time commitment.”
In 2014, he acquired the company MSI for around $250 million which was also one of his clients at the beginning of his career. In November 2017, he acquired another company ‘Shift4 Payments’ which is considered to be one of his biggest acquisitions. A few months later, he signed a contract of $280 million with the US Air Force to train Air Force pilots at Nellis for five years. The road of success was not smooth for him as his company ‘Shift4 Payments’ was about to shut down once, but he successfully retained it.
In 2021, he announced that in the first civilian spaceflight ‘Inspiration4,’ he would serve as the commander, operated by SpaceX and launched by a Falcon 9 launch vehicle. The mission was set to take place on September 15, 2021. In an interview. While talking about his spacecraft, he said,
I certainly hope that in the future, [spaceflight] can be a bunch of buddies going up in space together. That’s the world you want to work towards, where it becomes an everyday thing … As soon as I knew I would have the opportunity to command the first all-civilian mission to space, my mind immediately gravitated towards ways that can be super-symbolic of a step in this direction.”
In an interview, when he was asked what inspired him to accomplish all that he has achieved. He replied,
There was a Forbes article not that long ago where my brother was quoted as saying, “Jared really tries to live his life similar to how you measure the useful fatigue life of an aircraft.” Which is really just an unnecessarily complex way to say, “You just try to maximize the opportunities you have in life.” I certainly like to go out and seek out interesting challenges, and I try to highlight a very worthwhile cause and make a positive impact along the way. It’s hard for me to imagine topping what Inspiration4 sets out to achieve, so I’m going to remain pretty focused on that and then we’ll think about what comes next thereafter.”
His net worth is $2.7 Billion as of 2021. Forbes
- Jared Isaacman’s pilot call sign is “Rook.” Fast Company
- In his leisure time, he loves to do adventurous sports.
- Jared is a philanthropist and has raised funds for various social causes across the world.
- In 2018, his name was entered in the “Forty Under 40” list by the Electronic Transactions Association (ETA). Electran