Revolut’s CEO Nik Storonsky is the first Fintech billionaire

Nikolay Storonsky is listed on the top of the Telegraph’s “Tech Hot 100” for the first time with an estimated wealth of £1.06bn.

Seven years ago Storonsky came up with the idea for the online bank together with Vladislav Yatsenko, and Revolut was live in 2015.

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Previously, the estimated Storonsky’s stake in Revolut was about £363m, but with the new data from the Telegraph, his net worth has nearly tripled to £1.06bn.

Revolut was recently valued at $ 5.5 billion, despite posting more than £ 100 million in a loss in 2019.

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Other Fintech personalities have also made the TOP 10 list with Kristo Käärmann, CEO and co-founder TransferWise having an estimated net worth of £768m being the second place.

Rishi Khosla from OakNorth having £650m, reaching fourth place. Taavet Hinrikus from TransferWise with £529m ending up fifth. Joel Perlman from OakNorth reaching ninth £200m

Revolut’s co-founder Vlad Yatsenko was closing the TOP 10, ending up in the tenth place with a worth of £188m. in fintech incubator Level 39 back in 2015 and has since grown the fintech to have over 13 million customers worldwide.

Nikolay Storonsky studied physics and economics in Moscow and was a swimming master in his home country of Russia. Now employs more than 1,600 people in London and is one of the biggest names on the Fintech scene.