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The story of John Collison, the youngest billionaire in the world to create his fortune

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  • To the end of 2016, was considered by Forbes the youngest billionaire in the world to make his own fortune.
  • Is a co-founder of Stripe with his brother Patrick, third on the list that leads to John.

The story of John Collison, the youngest billionaire in the world to create his fortuneThe story of John Collison, the youngest billionaire in the world to create his fortune

John Collison just is 27 years old and at the end of 2016 Forbes he was named the youngest billionaire in the world at making your own fortune (The World’s Youngest Self-Made Billionaire). Founder along with his brother Patrick (29 years) of Stripe, the firm that has made the fortune of every one of them is valued at 1,100 million dollars.

Both were born in Limerick (Ireland), and with Stripe joined the ranks of the billionaires youngest in the world after this company of online payments are revalorizase in 9.200 million in 2016. Stripe, based in San Francisco, raised $ 150 million of CapitalG, a division of investment of the array of Google, Alphabet, and General Catalyst Partners. With this latest investment, the valuation of this startup almost doubled. In July of 2015, your company already worth 5,000 million dollars.

John had become the youngest billionaire in the world to make his own fortune and his brother Patrick in the third of this privileged list. howHow they came to the top these two guys irish?

Both grew up in County Tipperary, a rural community in ireland and finished high school in their Limerick home. However,because of young people showed their ambition and opted to do their university studies in the most prestigious centers in the united States. As well, Patrick came into the Massachusetts Institute of Technology (MIT) and John at Harvard, two years later. None of us had any family ties there, as counted in the BBC, but your passion for programming and for travel led them to cross the pond.

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Your adventure university is not reached at the end. John and Patrick (the image that accompanies the text) became millionaires before the end of their studies, made the project both began to bear fruit even before John began to study at Harvard.

His first company was Shuppa, which merged with another small company called Auctomatic, which manufactured software for marketers eBay, in 2008. The firm was sold for 5 million dollars that same year.

it Was in that moment that the brothers Collison decided to focus all their efforts on Stripe. the Left the university, and moved to launch its second company in Silicon Valley, California. the Stripe was a startup intended as a tool for global, whose software systems provide to companies around the world, online payments, and manage their websites in relation to customer management and security issues. The idea was a success and the number of customers grew rapidly. Soon, they counted with the support of Elon Musk (Tesla) and Peter Thiel (founder of PayPal), which facilitated even more.

Both John and Patrick are shown confident on the possibilities of growth of your company, taking into account that “only 5% of consumer spending globally happens online, and we want to help that percentage grow.” Currently Stripe has 750 employees, 500 in San Francisco and 150 in the exterior, including offices in Dublin, London, Paris and Berlin.

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Last modified on May 28, 2024 5:02 pm

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