The 45-year-old who dreamed of being a dressmaker steps down as social media industry becomes ever more competitive

Jack Dorsey likes to keep things simple, at least for a 45-year-old multibillionaire. He eats one meal a day, fasts at weekends, and tries to meditate for two hours daily. The post that launched Twitter, and ultimately a million pile-ons, was equally austere: “just setting up my twttr”.

Dorsey was born in St Louis, Missouri, in 1976 and was a self-taught computer programmer, using a Macintosh computer that his father bought for him. In 1999 he dropped out of New York University and moved to California, where he dreamed up the idea of a Twitter prototype while co-founding an online courier and taxi dispatch firm. The company later failed.

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