Bloomberg Billionaires Index

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# 500 John Collison $4.20B

Random fact: First Stripe office was in downtown Palo Alto.

Overview

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.

As of :
Last change No change
YTD change +$1.77B ( +72.5%)
Industry Technology
Biggest asset Stripe
Citizenship Ireland
Age 29
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

John Collison's net worth of $4.20B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

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.

Biography

Birthdate: 8/6/1990
Family: Unmarried, No children

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.

Milestones
  • 1988 Elder brother and Stripe co-founder Patrick is born in Limerick, Ireland.
  • 1990 John Collison is born in Ireland.
  • 2005 Patrick is named Ireland's Young Scientist of the Year.
  • 2008 Sells software company for more than 3 million euros.
  • 2010 Co-founds Stripe with elder brother.
  • 2011 Leaves Harvard to work at Stripe full-time.
  • 2013 London office is opened.
  • 2019 Stripe valued at $35 billion in funding round.