⬅ # 452 Patrick Collison|# 454 Jim Kavanaugh ➡

# 453 John Collison 

$6.80B

Real Time Net Worth
as of 11/18/2024

# 453 John Collison 

$6.80B

Real Time Net Worth
as of 11/18/2024
OccupationCofounder, Stripe
Source of WealthPayments software
Age34
ResidenceSan Francisco, California
Marital StatusSingle
EducationDrop Out, Harvard University
Age-Adjusted Net Worth$39.5B
John Collison
John Collison
Ireland
Net worth: $6.80B

Self-Made Score 

TAG Heuer Carrera Automatic Silver Watch

Wealth History

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Biography

Personal Background

John Collison was born on August 6, 1990, in the countryside near Limerick, Ireland.
He grew up in a family-run lakeside hotel operated by his parents.
Collison founded 'Shuppa' with his brother Patrick in Limerick, Ireland, in 2007.
At the age of 17, Collison co-founded Auctomatic, a software company, which was later acquired for $5 million.
He graduated from Castletroy College with exceptional grades and went on to study at Harvard University, starting in September 2009.
John Collison is a pilot and a pianist.

Entrepreneurship and Career Beginnings

Collison co-founded Stripe in 2010 with his brother Patrick.
Stripe received backing from Elon Musk, Peter Thiel, and Sequoia Capital.
In 2018, Stripe contributed $1 million to California YIMBY, a pro-housing development lobbying organization.
Stripe acquired Recko, an accountancy platform, in October 2021.
In January 2022, Stripe entered a partnership with Ford Motor Company to handle transactions for consumer vehicle orders and reservations.
Collison purchased the Abbeyleix Estate and the derelict Millbrook House in County Laois, Ireland, in 2021 and 2022 respectively, with plans for restoration.

Stripe's Financial Growth and Expansion

Stripe raised $600 million in March 2021, reaching a valuation of $95 billion.
In November 2022, the company announced layoffs, terminating some 14% of their workforce.
Stripe expanded its services to five new European markets in 2020.
Stripe acquired Paystack, a Nigerian payment processor, in October 2020, aiming to expand its services into Africa.
In December 2020, Stripe announced plans to expand in Southeast Asia, China, India, and Japan.
In April 2022, Stripe announced its strategic partnership with UK-based FinTech company ION.

John Collison's Wealth is Equivalent to:

5,234,026 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,286,471 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

69,487 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as John Collison?

If you started with $10,000 and invested an additional $500 each month at a 43.43% CAGR, it would take you 5 years to reach John Collison's net worth of $6.80B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 58.67% compared to 23.91% for the S&P 500 benchmark.

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John Collison is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For John Collison, Payments software is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey