It was in April 2022 that Forbes listed Michael J. Saylor as a billionaire and estimated his net worth to be around $1.6 billion. There is nothing special about this piece of news as there are a number of billionaires in the world right now and that too, with higher net worth.
But what makes the story of Michael J. Saylor more interesting is the fact that he lost about $6 billion in a single day. During the dot-com boom of the 90s, Michael had an estimated net worth of $7 billion but after the economic crash, he lost a major portion of his fortune.
Years later, Michael J. Saylor made his way back to the top and put himself again on the map through his love and interest in investing in Bitcoins.
He believed very strongly in the power of Bitcoin and converted all of MicroStrategy’s, his company that assists in areas like cloud-based services, mobile software, and business intelligence, into cryptocurrency in addition to that Michael also purchased around 17,732 bitcoins which is calculated to have a value of $175 million.
The Saylor Academy
The academy which was named Saylor Foundation is a nonprofit organization that works around the idea of the Free Education Initiative since around 2008. This initiative aims at providing free education to students who face challenges in accessing it.
The organization’s headquarters are located in Washington, D.C. According to their website, the institution was established by Michael J. Saylor in 1999 and as of now, Saylor is the sole trustee member of the institution.
As the institution focuses on providing free education to students, they have created around 241 courses which represent 10 of the highest enrollment majors in the country.
The organization works around the idea of open-source materials which can be modified and used by any, in certain courses. They also follow the procedure when they create new materials for the purpose of their courses. The academy world according to the ease of the student.
Around 100 full-length courses are available at Saylor Academy which consists of ones that are at both college and professional levels. The courses will be available at the comfortable pace and schedule of the student and they will be completely free of cost.
The free education initiative was launched in 2002 as Saylor.org and the website offers a sound 317 different college-level courses. Anyone who wishes to join or study any of the courses listed on their website can do it without any payment or registration.
Even though the course does not demand any account creation, an account is required in order to complete the final exam and also to gain the certificate of competition.
As the offered courses are free, it does not compromise with the standard of the content provided on the website. Each paper or course is designed with the help of university or college faculties or experts in the respective subject.
Each of the courses provided on the website comes with an assessment of the course too. The courses provided by the Saylor Academy are accredited by the NCCRS.
About Michael J. Saylor
Michael J. Saylor is best known for his entrepreneurship and he has also proven his capability as a business executive. Born on February 4, 1965, Michael is also the co-founder and executive chairman of MicroStrategy, a company that operates in the area of business intelligence, cloud-based services, and mobile software.
He served as the CEO of the company from 1989 to 2002. Saylor was born in Lincoln, Nebraska. His father was a chief master sergeant in the Air Force and as result, Michael grew up in various Air Force bases around the world.
Michael joined the prestigious Massachusetts Institute of Technology and graduated from there with a double major in aeronautics and astronautics and also science, technology, and society. It was during his time at MIT that Saylor met Sanju Bansal, who eventually became the co-founder of the company MicroStrategy.
MicroStrategy started its operations in the area of developing software for data mining and later shifted its focus to developing software for business intelligence. After its establishment, the company gradually grew and in 1992, the company received a contract with McDonald’s which is valued at $10 million.
This contract made him realize the potential of his company and the services it offers which prompted Saylor to focus more on areas like business intelligence software which will allow the company insight into their own business with their own data.
With time, Michael faced some serious backlash in his business but he was able to make a strong comeback through his trust and investments in bitcoin.
The entrepreneur has reportedly bought bitcoins which have cost him millions and even though there is speculation that Saylor has faced some loss from bitcoin investment, there are now signs that he is ready to slow down, but is more ready to continue his investments in crypto.