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Revolut founder’s wealth set to balloon amid talks of share award at $500bn valuation
['Samuel Norman', 'Senior City Reporter']
City AM
Revolut founder’s wealth set to balloon amid talks of share award at $500bn valuationRevolut's Nik Storonsky shot up the Sunday Times Rich List.
The billionaire founder of Revolut is set to see his wealth balloon following reports of a pay package that would land him a major stock windfall if the fintech reaches a $500bn valuation.
Storonsky already has a package that awards gradual pay bumps as Revolut hits higher valuation milestones.
In a Russian-language interview in December, the fintech chief said his current package puts him in line for a 40 per cent holding of Revolut at a $200bn valuation.
Storonsky’s wealth was recorded at £16.4bn, following an average gain of £25.8m a day since the prior year’s list.