John Collison Net Worth 2024

What is John Collison’s Net Worth?

John Collison is a billionaire entrepreneur from Ireland who has a net worth of $5 billion. John Collison earned his fortune because the co-founder of the software-as-a-service firm Stripe. He co-founded the corporate together with his brother Patrick Collison. The firm primarily gives payment-processing software program and utility programming interfaces for e-commerce websites. In 2016, Collison grew to become the youngest self-made billionaire in the world, on the age of 26.

Early Life and Education

John Collison was born on August 6, 1990 in Dromineer, County Tipperary, Ireland. His older brother is Patrick. Collison was educated at Castletroy College in Ireland earlier than coming to the United States to check at Harvard University.

Career Beginnings

With his brother Patrick, Collison co-founded his first enterprise in 2007 in Limerick, Ireland. The enterprise later merged with the software program firm Auctomatic, which constructed instruments for the eBay platform. Collison finally moved to Silicon Valley in California. In early 2008, Auctomatic was acquired for $5 million.

Stripe

In 2009, Collison and his brother based the corporate Stripe in Palo Alto, California. A monetary companies and software-as-a-service firm, it primarily gives payment-processing software program and utility programming interfaces for e-commerce websites. John serves because the president, whereas Patrick serves because the CEO. After receiving an preliminary funding from the tech startup accelerator Y Combinator in 2010,  Stripe acquired investments from such main names as Elon Musk, Liam Casey, and Peter Thiel, in addition to from the enterprise capital corporations Sequoia Capital, SV Angel, and Andreessen Horowitz. The firm moved to San Francisco the next 12 months. It went on to make its first acquisition in 2013, buying the chat and task-management utility Kickoff. Stripe continued to develop over the following years. In 2018, it launched antifraud instruments and a billing product for on-line companies. The 12 months after that, the corporate made its point-of-sale service, Terminal, obtainable to US customers, and in addition launched a service provider cash-advance scheme.

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In 2020, Stripe acquired the Nigerian fee processor Paystack. The identical 12 months, it introduced Stripe Climate, a service for companies to fund atmospheric carbon analysis and seize. In 2021, Stripe acquired the tax companies firm TaxJar, and launched the companies Payment Links and Stripe Identity. The firm additionally reached a valuation of $95 billion, with plans to develop its European headquarters. Stripe launched Stripe Financial Connections in 2022, and in addition introduced Data Pipeline. Also that 12 months, the corporate started a brand new subsidiary known as Frontier to direct spending on carbon removing initiatives. Due to Stripe, Collison has turn into a billionaire, and in 2016 was the youngest self-made billionaire on the planet, on the age of 26.

Forbes Article Controversy

In 2021, a profile of the Collison brothers revealed in Forbes generated controversy as a consequence of its description of the town of Limerick. The article claimed that the brothers had “escaped” from the town, describing it as a “warfare zone” and the “homicide capital of Europe.” It asserted that “shootings, pipe bomb assaults, and stabbings” had been nightly occurrences. Amid the backlash, the Collison brothers themselves denounced the article’s hyperboles and fabrications. Ultimately, the article was faraway from the Forbes web site.

Real Estate

In 2022, the Collison brothers bought Millbrook House, a derelict Victorian mansion on the previous De Vesci Estate in Ireland. It was beforehand underneath the possession of Laois County Council. The earlier 12 months, John Collison had bought the 1,050-acre Abbeyleix House, positioned subsequent door to Millbrook House.