Jimmy Wales Is Not an Internet Billionaire (Published 2013) (2024)

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Jimmy Wales Is Not an Internet Billionaire (Published 2013) (1)

By Amy Chozick

According to Wikipedia, the Tampa International Airport is a public airport six miles west of downtown Tampa, in Hillsborough County, Florida. It’s also where Jimmy Wales flies in and out of a couple times a month, in coach, to visit his 12-year-old daughter, Kira, who is named after the protagonist in Ayn Rand’s anti-communist novel, “We the Living.” Kira lives with Wales’s ex-wife in a ranch-style home not far from the offices where Wales, along with a handful of colleagues he generally no longer speaks to, ran Wikipedia a decade ago. The original Florida mailing address for one of the Internet’s most life-changing innovations is a UPS store with a faded red awning. Next door is a Kahwa Café.

That was Wales’s old life. In his new one, he lives in London with Kate Garvey, his third wife, whom he often describes as “the most connected woman in London.” Garvey doesn’t have a Wikipedia page, but if she did, it would probably note that she was Tony Blair’s diary secretary at 10 Downing Street and then a director at Freud Communications, the public relations firm run by Matthew Freud, a great-grandson of Sigmund Freud, who is also Rupert Murdoch’s son-in-law. And that Blair, in his 2010 memoir, wrote that Garvey ran his schedule “with a grip of iron and was quite prepared to squeeze the balls very hard indeed of anyone who interfered.”

Garvey and Wales were married last October before about 200 guests, including the Blairs, the political operative Alistair Campbell, David Cameron’s former aide Steve Hilton and Mick Hucknall, the lead singer of Simply Red. Garvey’s maid of honor gave a toast teasing her friend for marrying the one world-famous Internet entrepreneur who didn’t become a billionaire. But the wedding was still covered in The Daily Mail and The Sunday Times, much to Wales’s excitement. “Front page, above the fold,” he told me of the latter. Wales pulled up The Mail’s Web site on his MacBook to show me some photographs from the reception. “That was surreal,” he said.

Wales has a complicated time balancing his new life with his old one. That was evident one morning this winter as he bounded into the lobby of the West End building where he rented office space and hurriedly signed himself in at the front desk. Wales, his brown Tumi bag slung over his shoulder, was 45 minutes late, disheveled and a little frantic. He had left the keys to his and Garvey’s Marylebone apartment at his place outside Tampa; the nanny, here in London, was stranded with the couple’s 2-year-old daughter. “I forgot to drop off the key,” he said. Just when Wales thought he might have to run home, his assistant, who is based in Florida, texted that a building manager had let the nanny in. Global child-care crisis averted.

Wales wore a too-tight black turtleneck under a black overcoat with a well-shorn beard, a look that could either read Steve Jobs superhero or Tekserve flasher. Almost any time you see Wales, 46, he looks like a well-groomed version of a person who has been slumped over a computer drinking Yoo-hoo for hours. After he composed himself, he explained that his office was too embarrassingly unkempt for public consumption. (“It’s a room with a couch, it’s a huge mess.”) So he joined me on a cracked sofa in a common lounge area downstairs. With its ratty Oriental carpets and mismatched folding chairs, the space exuded a bohemian chic look that Wales, a savvy purveyor of his own image, seemed to delight in showing off. The building, a condemned former BBC space, had been slated for demolition. Wales would soon be moving. “I’m not the Google guys,” he said.

London is often described as Britain’s New York, L.A. and Washington all in one — the center for finance, entertainment and politics. But there are conspicuously few traces of Silicon Valley. Wales gladly fills the void. Before he showed me his wedding photos, he talked about his new friend, the British model Lily Cole, who rented office space across the hall. Then he took a call from the Boston Consulting Group, the business-advisory firm, to discuss a speech he would be giving at the World Economic Forum. Wales uses a cheap smartphone made by the Chinese company Huawei that a friend bought him for $85 in Nairobi. The phone, which he often shows to reporters, is the perfect prop to segue to his current obsession of expanding Wikipedia onto mobile devices in the developing world. It is not, however, the perfect phone for participating in an international conference call with the Boston Consulting Group. Several calls were dropped. Wales suggested conducting the meeting over instant messenger, an idea that was rejected.

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Jimmy Wales Is Not an Internet Billionaire (Published 2013) (2024)

FAQs

Does Jimmy Wales get paid? ›

The Wikimedia foundation however is a non profit that received millions in donations a year, some of them in the hundreds of thousands or millions of dollars. Of which Jimbo gets zero! Does Jimmy Wales regret that he could have been a billionare if he made wikipedia profitable but he didn't?

How much money does Wikipedia's founder make? ›

Jimmy Wales Net Worth in 2024

Wikipedia's main source of income is the donation given by the community around the world. According to various sources and Wikipedia which has been founded by Jimmy Wales, his net worth is around US$ 1 million (not billion) during 2014 within two of sources.

What is Jimmy Wales doing now? ›

He is a member of the Berkman Center for Internet & Society at Harvard Law School, the advisory board of the MIT Center for Collective Intelligence, and the board of directors at Creative Commons and Hunch.com.

What is the net worth of James Wales? ›

Wales's total net worth, by most estimates, is just above $1 million, including stock from his for-profit company Wikia, a wiki-hosting service. His income is a topic of constant fascination. Type “Jimmy Wales” into Google and “net worth” is the first pre-emptive search to pop up.

Is Jimmy Wales married? ›

In 2007, he still lived there. As of 2012 he lives in London, England. In 2012, Wales married Kate Garvey, a government worker for Tony Blair. Wales has three daughters: one with Rohan and two with Garvey.

How much would Wikipedia be worth? ›

Short answer: Well over $10 Billion. At around 6th largest site (in terms of users) it is 4 places behind Facebook, valued today at around $70 Billion. Google is at around $250 Billion.

What does the CEO of Wikipedia make? ›

Executive
YearKatherine Maher (ED)
2018374,658
2019387,770
2020406,339
2021789,495
12 more rows
Sep 16, 2023

Who profits from Wikipedia? ›

Wikipedia, under the stewardship of the Wikimedia Foundation, a non-profit organization, does not generate direct revenue from its content or users. Instead, it relies on a blend of donations, grants, and other sources.

Who donates to Wikipedia? ›

The Wikimedia Foundation mainly finances itself through donations from the public, collected through email campaigns and annual fundraising banners placed on Wikipedia, as well as grants from various tech companies and philanthropic organizations.

Why is Jimmy Wales famous? ›

Ranked by Forbes Magazine as a “Web Celeb”, Jimmy Donal Wales is a U.S. Internet entrepreneur, wiki pioneer, and technology visionary, who is best known as the Founder of Wikipedia, an international collaborative free content encyclopedia on the Internet, and the Wikimedia Foundation.

Who controls Wikipedia? ›

Based in San Francisco, the Wikimedia Foundation (WMF) is the organization that owns the domain wikipedia.org . The Foundation raises money, distributes grants, controls the servers, develops and deploys software, and does outreach to support Wikimedia projects, including the English Wikipedia.

Is Wikipedia reliable? ›

Because Wikipedia cannot be considered a reliable source, the use of Wikipedia is not accepted in many schools and universities in writing a formal paper, and some educational institutions have banned it as a primary source while others have limited its use to only a pointer to external sources.

What is Jimmy Wales' salary? ›

Jimmy Wales's net worth be $1 million, while Wikipedia's foundation's revenue is $80 to $100 million because he did not earn from Wikipedia and he was a co-founder of Wikipedia which shows that he did not take participate in Wikipedia many years.

How many billionaires live in Wales? ›

The 68-page edition also breaks down the rankings for people in Wales and there are five Welsh billionaires named on the list of UK billionaires this year. Worth in excess of a whopping £9bn between them, the billionaires range from internet investors to property moguls.

How much does the Prince of Wales make every year? ›

In 2022/23, the Prince of Wales received approximately 24 million British pounds from the Royal Duchy of Cornwall, compared with 23 million pounds in the previous financial year. Payments from this estate are the main source of income for the British heir, and also goes towards funding their immediate family.

How much is Jimmy Kimmel getting paid? ›

How much does Jimmy Kimmel make per show? With a salary of $15 million a year to host Jimmy Kimmel Live! and around 170 episodes airing in the average season, Jimmy Kimmel makes about $88,235.30 per show. Of course, this is before any bonuses, royalties and the like.

Is the founder of Wikipedia a billionaire? ›

But, perhaps unexpectedly, he is also – as his wife's maid of honour described him in a toast at their wedding – the one world-famous internet entrepreneur who didn't become a billionaire. Wikipedia is a non-profit organisation, which survives on donations from small donors who, quite simply, love to learn.

How much does Jimmy Darts make? ›

Jimmy Darts' estimated net worth is courted to be around $2 million. This has doubled in the past 2 years as in 2022, he had a net worth of under $1 million.

How does Wikipedia earn money? ›

The answer lies in Wikipedia's unique business model, centered around non-commercial principles. Wikipedia, under the stewardship of the Wikimedia Foundation, a non-profit organization, does not generate direct revenue from its content or users. Instead, it relies on a blend of donations, grants, and other sources.

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