Jimmy Wales is an American Internet entrepreneur with a net worth of $1 million. Jimmy Wales acquired that net worth as the co-founder and promoter of Wikipedia, an open content encyclopedia on the Internet. In 2004, he created Wikia, a webhosting service. He was born in Huntsville, Alabama and lives in Florida. Wikipedia is the 6th largest website in the world and if it showed advertisements would be worth over $3 billion by some accounts. That means that Jimmy Wales should be a billionaire but instead he heroically has turned down all offers to profit off of Wikipedia and instead turned the company into a charity. His $1 million net worth is derived largely from activities outside of wikipedia including speaking engagements and his salary as the head of the for profit company Wikia, a wiki hosting service.