Bloomberg Billionaires Index

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# 356 Nik Storonsky $6.69B

Random fact: Turned down Softbank when they wanted to invest in 2019.

Overview

Storonsky is a co-founder and chief executive officer of Revolut, one of the UK's most valuable startups. The London-based company designs application software for money transfers and related financial services. It provides low-fee transfers in more than 30 currencies and has about 20 million customers worldwide.

As of :
Last change No change
YTD change No change
Biggest asset Revolut Ltd.
Country / Region United Kingdom
Age 38
Industry Finance
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Nik Storonsky's net worth of $6.69B can buy ...

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troy ounces of gold
0
barrels of crude oil

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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

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Confidence rating:

Storonsky's fortune is derived from his calculated 20% stake in closely held Revolut, which has raised more than $1 billion from investors. It provides low-fee transfers in more than 30 currencies and has 20 million customers worldwide, according to its website.

The financial services startup received a $33 billion valuation during a July 2021 fundraising round from investors including SoftBank Group Corp.’s Vision Fund 2 and Tiger Global Management, according to a company statement.

A spokesperson for Revolut declined to comment on Storonsky's stake.

Biography

Birthdate: 7/21/1984
Family: Married, 2 children
Education: New Economic School, Moscow Institute of Physics & Technology

Storonsky was born in Russia in 1984 and was a competitive swimmer in his youth. He began studying physics at the Moscow Institute of Physics and Technology in 2001 and completed an economics degree, also in Moscow, in 2007.

In 2006, Storonsky began work as an equity derivatives trader at Lehmann Brothers. Two years later, he would take a similar role at Credit Suisse, where he would remain until 2013.

Storonsky and Vlad Yatsenko co-founded Revolut in London in 2015. By 2018, the fintech company had become a unicorn after a $250 million funding round.

An $800 million raising from investors including SoftBank Group Corp.’s Vision Fund 2 and Tiger Global Management led to a $33 billion valuation in 2021 and made the company the UK's most valuable startup.

Milestones
  • 2001 Begins physics degree in Moscow.
  • 2013 Departs banking industry after leaving role at Credit Suisse.
  • 2015 Starts Revolut with Vlad Yatsenko.
  • 2021 Company raises $800 million at $33 billion valuation.