Collison is the co-founder and president of Stripe, a mobile payment startup used by companies such as Twitter, Salesforce and Lyft. The San Francisco-based company said it raised $250 million from investors in September 2019 at a $35 billion valuation. It has received about $1 billion in funding since it was founded in 2010.
John Collison's net worth of $4.20B can buy ...
... and is equivalent to ...
Collison's fortune is derived from his calculated 14 percent stake in closely held Stripe, which has raised more than $1 billion from investors, according to Bloomberg News. The mobile payments startup received a $35 billion valuation during a September 2019 fundraising round.
Stripe's founders own about 28 percent of the company, according to an analysis by Forge, a marketplace for shares in startups. Co-founders Patrick and John Collison are each credited with half of this stake to reflect their status as co-founders. A discount of 15 percent is applied to the valuation to account for the typical discounts applied to similar startups attract on the secondary market, according to two brokers who asked not to be identified as the information is private.
No response was received to an e-mail sent to Stripe's press office requesting comment.
John Collison was born in 1990 in Limerick, Ireland. His older brother Patrick won Ireland's Young Scientist of the Year competition in 2005, according to a July 11, 2016 article in the Daily Telegraph.
While at school he set up a software company with Patrick in 2007. They sold the company a year later for more than 3 million euros ($5 million), according to the BBC.
The brothers parlayed the proceeds into online payments startup Stripe, which has raised about $800 million from investors since 2010, according to Bloomberg News. The mobile payments startup received a $35 billion valuation as part of a fundraising round in September 2019.
Collison lives in San Francisco.