Wednesday 05 August 2026 9:43 am
Revolut's Nik Storonsky shot up the Sunday Times Rich List.
The billionaire founder of Revolut is set to see his wealth balloon following reports of a pay package that would land him a major stock windfall if the fintech reaches a $500bn valuation.The digital bank, which is currently undergoing a secondary share sale seeking to value the firm at $115bn, is in discussions to award Nik Storonsky a new incentive deal based around Revolut’s target valuations.Storonsky already has a package that awards gradual pay bumps as Revolut hits higher valuation milestones. In a Russian-language interview in December, the fintech chief said his current package puts him in line for a 40 per cent holding of Revolut at a $200bn valuation. This would put him in line for a payout of around £57bn, catapulting him to become the richest man in Britain.Revolut secured a $75bn valuation last year following investment from Nvidia, but the fintech giant does not disclose Storonsky’s specific holdings, but company filings place it around the 30 per cent mark. Target-based packages have become a theme amongst the fastest-growing global technology companies, with Elon Musk landing a record-breaking pay package worth up to $1tn last year, based on his drastic increase in Tesla’s market value over a ten-year period.If a new deal is inked for Storonsky, it will be the largest of its kind in Europe.Revolut founder climbs up the Rich ListTalks of a new package, which were first reported by the Financial Times, follow Storonsky shooting up Britain’s wealth rankings in the last year.The fintech boss, who was born in Russia but became a British citizen following a move to London, climbed 20 spaces in the Sunday Times Rich List to seventh place. Storonsky’s wealth was recorded at £16.4bn, following an average gain of £25.8m a day since the prior year’s list.Revolut is speculated to be eyeing a public debut in 2028 at the $200bn mark. Storonsky told Bloomberg TV in April that the blockbuster IPO was “two years away”.“We’re a bank, and for a bank, it’s super important to have trust. Public companies are trusted more compared to private companies”.Alan Chang, the boss of Fuse Energy who served as Storonsky’s “second-in-command” in Revolut’s early days, told City AM he believes any valuation on the road to a trillion was “just a stepping stone”.
