26-year-old John Collison is co-founder of the online payments company Stripe.
Only 26 and already a billionnaire. Irishman John Collison heads the list of the world’s youngest self-made billionnaires.
He is only 2 months younger than Snapchat founder Evan Spiegel. At this moment, apart from Collison and Spiegel, there are two more self-made billionaires in the world below the age of 30.
They are these two companies’ co-founders – John’s brother Patrick Collison and Bobby Murphy from Snapchat, each 28 years old.
The Collison brothers started Stripe, the online payments company. They joined the youngest bilionnaires’ club after their company was evaluated at 9.2 billion dollars.
So each of the brothers, whose joint share is 30%, now have $1.1 billion in their bank accounts.
Stripe drew $150 mln from CapitalG, the investment divsion of Google’s mother company – Alphabet, as well as fundings from the General Catalyst Partners fund.
As early as their teen years, the brothers developed a computer programme which they sold later for millions of dollars.
Both dropped out of Harvard and MIT to work on their project. At the moment, their company employs 576 people.
Apart from Alphabet and General Catalyst, Stripe investors include Sequoia Capital, Andersen Horowitz, Peter Thiel, Max Levchin and Elon Musk.
Lyft, Shopify and Kickstarter are some of the company’s well-known clients.