Revolut Founder Nik Storonsky Poised to Join Britain's Top 10 Richest Businessmen with $18bn Wealth

Revolut founder Nik Storonsky's wealth will swell to $18bn after his company is valued at $75bn in a share sale. Storonsky, who owns 25% of Revolut, will become one of Britain's top 10 richest businessmen, just shy of billionaires such as Sir Jim Ratcliffe and Lakshmi Mittal. The company, which has over 60 million customers, offers digital payments, foreign exchange transfers, and other services.

Revolut, the UK-based fintech giant, has seen its valuation surge to $75bn following a secondary share sale, according to recent reports. The company's founder and CEO, Nik Storonsky, stands to benefit significantly from this valuation, with his wealth projected to reach $18bn. This development positions Storonsky as one of Britain's top 10 richest businessmen, just shy of billionaires such as Sir Jim Ratcliffe and Lakshmi Mittal [1].

The secondary share sale, which priced each share at $1,381.06, has allowed employees to sell up to 20% of their personal holdings to new and existing investors. This move comes after Revolut's annual profits increased by more than 150% in 2024, reaching £1bn. The company's growth has been fueled by a jump in subscriptions and revenues from its wealth and crypto trading divisions [1].

Storonsky's wealth is expected to grow substantially from the recent valuation. With a 25% stake in the company, he is poised to become one of the UK's wealthiest individuals. This development underscores the significant financial success of Revolut and its impact on the fintech industry [1].

The company's rapid expansion and the challenges it faces in obtaining a full UK banking license have been well-documented. Despite these hurdles, Revolut has managed to attract over 60 million customers globally and has become a formidable competitor in the digital banking space. Its success has not gone unnoticed by traditional financial institutions like Lloyds Banking Group, which has seen its share price rise significantly in recent years [2].

Revolut's digital-first model, which offers fee-free currency exchange and other services, has the potential to erode the customer base of traditional banks like Lloyds. However, Lloyds has shown resilience and has been able to maintain its market position despite the competitive pressure from fintech companies [2].

The UK's economic outlook and regulatory environment remain key factors that could impact the future performance of both Revolut and traditional banks like Lloyds. As Revolut continues to push for a full banking license and expands its services, it will be crucial to monitor its progress and the broader economic conditions [3].

References:
[1] https://www.theguardian.com/business/2025/sep/01/revolut-valuation-jumps-75bn-staff-set-for-payout-opportunity
[2] https://www.ibtimes.co.uk/revolut-slashes-lloyds-share-price-hopes-digital-banking-boom-risks-share-price-plunge-1742200
[3] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3UP08X:0-uk-stocks-factors-to-watch-on-september-2/