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.
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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.
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.