Dan Price Net Worth & Salary 2022; CEO of Gravity Payments

Who is Dan Price?

Dan Price is a well-known American entrepreneur, he and his brother started a company that is named Gravity Payments for an online credit card processing company in 2001. Dan Price is the CEO of Gravity Payments. In 2015, he became famous because amazingly Dan rises the salaries of his company employees. He set the minimum salary of his employees to $70k and at the same time he decreases his salary from $70,000 to $1.1 million which is a great step. In 2022, Dan Price net worth is around to be $12 million.

Early Life

Dan Price was brought into the world on May 13, 1984, in Michigan, United States. His father’s name is Ron Price and he is a self-employed consultant. Dan is the sibling of three elder brothers. His brother is Lucas, Alex, and Jessie. He is the youngest of three children. He belongs to a Christian family. When he was a child, his family moved to Idaho. Dan gets his early education from his home at the age of 12.

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He plays bass guitar and he created a Christian rock trio called “Straightforward”. The rock trio was quite famous sufficient to tour and get national airplay.  He studied at Christian Seattle Pacific University in 2004. Dan has had a business mind from a young because he wins many business awards in 2008.

 

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Personal Life

Dan Price was a married man. In 2007, he was married to Kristie Lewellyn. Kristie Lewellyn was his school love. But unfortunately, they were divorced in 2012 for some reason.

Age, Height, and Weight

In 2022, Dan Price was 37 years old. Dan Price’s height is 5 feet 9 inches (1.75m). His weight is 75 kg.

Career

Back in 2001, Dan Price and his brother Lucas started the Gravity Payments company. After three years, they employed their first employee. Somehow his brother left the company and the majority of the shares of the company were got by Dan. Dan started the Gravity company with the help of his savings, student loans, and credit card debt.

After his great efforts, the company raised quickly as Gravity when the company made its technology. They launched the card-processing systems in-house. In 2008, the company collapsed, and its revenue by 20 percent decreased.

After four years in 2012, Dan amazingly increases his employee’s salaries by 20 percent. By doing this, the company’s revenue increased to 30 to 40 percent. After one year, Dan increases employees’ salaries again by 20 percent.

Another time, the company gets massive profit. In 2014, the Gravity Payments company’s revenue crosses $150 million with $7 billion in customer transactions. The company gets a $2.2 million profit 40 percent which is going to be divided between Price and his brother Lucas.

In 2015, Dan increases his company’s employees’ minimum salary to $70k at the same time he makes a cut on his salary. Dan decreases his salary from $1.1 million to $70k. He cuts his own salary to boost the company.

Social Media Links

Dan Price loves to share his pictures and videos on Twitter, Instagram, Facebook, and YouTube. He continuously shares his activities on social platforms to engage his fans. He has 252k followers on Instagram. He is a celebrity and is widely followed on social media sites. Dan Price Net Worth in 2022 is $12 million.

Dan Price Net worth in 2022 / Dan Price’s Salary / Income

In 2022, Dan Price net worth is estimated at $12 million. Jason earns his income from his company Gravity. His salary from the company Gravity Payments is $70k.

Price lives in the Magnolia neighborhood of Seattle, Washington. He is married to his wife, Kristie Lewellyn and they have two children. He is an avid runner and biker. His hobbies include travel, biking, and running. He also enjoys playing guitar, reading, flies fishing and spending time with his family.

Frequently Asked Questions

• Who is Dan Price in Seattle?

Price founded Gravity Payments in 2004. His company ran from start to finish, turning him into a millionaire. He was able to do this by running his company like a business. He did not rely on government grants, he did not rely on government contracts, and he did not rely on the government being involved in any way. He was able to thrive in an industry that has been failing for decades.

• Who is the CEO of Gravity?

Dan Price, CEO of Gravity Payments, says that he paid his employees $70,000 and it’s worked out because they give a lot more to the company.

• What kind of business is gravity?

Gravity Payments is a credit card processing and financial services company founded in Seattle, Washington by Lucas and Dan Price. Gravity employs over 100 people, with most employees living within walking distance of the headquarters. The company has an annual revenue of over $70 million, with more than $50 million in profit.

• How much does Dan Price make per year?

Dan Price has a net worth of $200 million. He is the CEO of Gravity Payments, which is a company that processes credit cards. The company was founded in 2004 and has an annual revenue of over $70 million.

• How much money does Dan pay his employees?

Dan pays his employees the same amount as he gets paid himself: $70,000 per year. In other words, he takes home about $60,000 every month (after taxes). This means that he works only 20 hours per week and that he has no problem paying his employees on time and in full each month.

• How Much is Gravity Payments’ net worth?

Price started a band when he was in eighth grade, but the drummer quit, and the band dissolved. Price put his focus on work and is the Gravity Payments CEO. Gravity Payments’ net worth is estimated at $12 million.