Patrick Collison’s profile picture

Patrick Collison

Cofounder, Stripe
Patrick Collison’s profile picture
Net worth 2018: $1 Billion
Industry: Technology
Residence: San Francisco, California
Country: Ireland
BirthDay: 9 September 1988
Sigh: Libra
Education: Drop Out, Massachusetts Institute of Technology
BIOGRAPHY

Patrick Collison was bornon 9 September 1988 in San Francisco, California, Ireland, is Cofounder, Stripe. Patrick Collison is #1975 in List Billionaires People In The World. Stripe cofounder and CEO Patrick Collison has changed the way the world pays for goods and services. His 550-person company lets businesses and individuals easily accept payments over the internet, and now processes billions of dollars in transactions per year in 25 different countries. Collison, an MIT grad, launched Stripe with his brother John in 2010. The company raised $150 million at a $9.2 billion valuation in November 2016, turning the two twenty-somethings into billionaires. This isn't the first time the brothers have worked together. They previously founded Auctomatic, which helped manage transactions for sellers on sites like Amazon and eBay. It was acquired by Live Current Media in 2008 for $5 million, in a transaction that made the then teenagers millionaires. Patrick, who now lives in San Francisco, CA, was born and raised in the countryside near Limerick, Ireland, where his parents ran a lakeside hotel. He and John both took up coding as kids, competing against each other to master the craft.

NET WORTH STATISTIC
2017

$1.1 Billion

2018

$1 Billion

TIMELINE
Patrick Collison (born 9 September 1988), is an Irish entrepreneur from County Limerick. He is the co-founder and CEO of Stripe, which he started with his younger brother, John, in 2010. He won the 41st Young Scientist and Technology Exhibition in 2005 at the age of sixteen. He lives in San Francisco, California. The brothers are now worth at least $1.1 billion each after San Francisco-based Stripe raised $150 million from CapitalG, an investment division of Google parent company Alphabet, and General Catalyst Partners.Patrick Collison was born to Lily and Denis Collison in 1988. The eldest of three children (two younger brothers, John and Tommy), he took his first computer course when he was eight years old at the University of Limerick and began learning computer programming at the age of ten.Collison was educated in Gaelscoil Aonach Urmhumhan, Nenagh, before attending Castletroy College in Castletroy, County Limerick.He entered the 40th Young Scientist and Technology Exhibition with his project on artificial intelligence (nicknamed 'Isaac' after Isaac Newton, whom Patrick admired), finishing as individual runner-up. He re-entered the following year, and won first place at the age of sixteen on 14 January 2005. His project involved the creation of Croma, a LISP-type programming language.His prize of a €3,000 cheque and a trophy of Waterford Crystal was presented to him by President Mary McAleese. His younger brother Tommy participated with his project on blogging in the Young Scientist and Technology Exhibition in 2010.After attending Massachusetts Institute of Technology for a time, Collison dropped out. In 2007 he set up software company 'Shuppa' (a play on the Irish word 'siopa', meaning 'shop') in Limerick with his brother John Collison. Enterprise Ireland did not allocate funding to the company, prompting a move to California after Silicon Valley's Y Combinator showed interest, where they merged with two Oxford graduates, Harjeet and Kulveer Taggar, and the company became Auctomatic.On Good Friday of March 2008 Collison, aged nineteen, and his brother, aged seventeen, sold Auctomatic to Canadian company Live Current Media, becoming overnight millionaires. In May 2008 he became director of engineering in the company's new Vancouver base. Collison attributes the success of his company to his win in the Young Scientist and Technology Exhibition.Both Collison and his younger brother John were featured on a young Irish persons rich list aired on an RTÉ television show during the 2008 Christmas period.On 18 July 2009, at the age of 20 and following the publication of McCarthy Report, Collison outlined his ideas for the future of Ireland on popular talk-show Saturday Night with Miriam.In 2010, Patrick co-founded Stripe, which received backing from Peter Thiel, Elon Musk and Sequoia Capital.In November 2016, the Collison brothers became the world's youngest self-made billionaires, worth at least $1.1 billion, after an investment in Stripe from CapitalG and General Catalyst Partners valued the company at $9.2 billion.
(3/183 votes)
Related Person
Steve Ballmer’s profile picture
Steve Ballmer
Net Worth is $40.14 Billion
Michael Dell’s profile picture
Michael Dell
Net Worth is $24.39 Billion
Paul Allen’s profile picture
Paul Allen
Net Worth is $21.73 Billion
Azim Premji’s profile picture
Azim Premji
Net Worth is $18.69 Billion
William Ding’s profile picture
William Ding
Net Worth is $17.91 Billion
Zhang Zhidong’s profile picture
Zhang Zhidong
Net Worth is $16.58 Billion