Key facts
- Revolut founder Nik Storonsky is reportedly in line for a new incentive deal.
- The deal is contingent on Revolut reaching valuation milestones, potentially up to $500 billion.
- Storonsky's current holdings are estimated to be around 30% of the company.
- He previously stated a 40% holding at a $200 billion valuation could be worth £57 billion.
- Revolut's last valuation was $75 billion following investment from Nvidia.
- The fintech company is reportedly eyeing a public debut in 2028 around $200 billion.
Revolut founder Nik Storonsky is reportedly in line for a significant wealth increase through a new incentive deal tied to the fintech company's valuation milestones, potentially reaching $500 billion. The company is currently undergoing a secondary share sale valuing it at $115 billion.
Storonsky already has an existing package that provides gradual pay increases as Revolut hits higher valuation targets. In a December interview, he indicated that his current arrangement would grant him a 40% stake in Revolut if the company reached a $200 billion valuation, a holding that could be worth approximately £57 billion. This would position him as the wealthiest individual in Britain.
Last year, Revolut secured a $75 billion valuation following an investment from Nvidia. While Revolut does not publicly disclose Storonsky's specific shareholding, company filings suggest it is around 30%. The trend of target-based compensation packages is becoming prevalent among rapidly growing global technology firms, with Elon Musk's substantial Tesla pay package serving as a notable example.
Reports of this potential new deal follow Storonsky's notable rise in Britain's wealth rankings. He climbed 20 places to seventh on the Sunday Times Rich List, with his wealth recorded at £16.4 billion. Revolut is also rumored to be preparing for a public debut in 2028, with an anticipated valuation of $200 billion. Storonsky himself stated in April that a major IPO was approximately two years away, emphasizing the importance of trust for a bank and noting that public companies are generally perceived as more trustworthy than private ones.
Alan Chang, CEO of Fuse Energy and an early associate of Storonsky at Revolut, expressed belief that any valuation on the path to a trillion dollars would merely be a stepping stone.