Jimmy Wales New Worth and salary: Jimmy Wales is an American Internet entrepreneur who has a net worth of $10 million. Jimmy Wales was born August 7, 1966 in Huntsville, Alabama. He is best known as the cofounder and promoter of the online non-profit encyclopedia Wikipedia and the for-profit Wikia web-hosting company. From the early days of the Internet, Wales was interested in everything about it. Although his early venture, a startup called Bornis, was not successful, it motivated him to move on and cofound what eventually became Wikipedia. In 2004, Wales and colleague Angela Beesley founded a for-profit Internet company called Wikia. He stepped down from his position as CEO in 2009. Wales began advising the British government on potential open access initiatives in 2012; the goal of the project was to make government-funded research available to taxpayers at no cost. Wales is an outspoken atheist and an adherent of Objectivism, a philosophy popularized by author Ayn Rand; objectivism privileges individualism, capitalism and reason. He identifies as a libertarian though he is not a supporter of the Libertarian Party. Wales serves on the advisory boards of a number of academic foundations and research centers. He has been married three times and has two daughters. Jimmy Wales has received a number of major awards and honorary degrees from credible institutions, including Amherst College.