Limerick brothers world’s youngest self-made billionaires
A pair of Limerick brothers have made history by becoming two of the youngest self-made billionaires in the world.
Patrick, 28, and John, 26, Collison are each estimated to be worth more than $1.1bn thanks to their online payment company Stripe.
The Collisons’ company recently acquired an $150m investment which took the total valuation of Stripe to more than $9bn.
That is almost double its valuation from a little more than a year ago.
It makes John Collison the youngest known self-made billionaire in the world. He comes in just ahead of Snapchat co-founder Evan Spiegel, who is two months older.
Patrick Collison is also on the prestigious list of self-made billionaires under the age of 30.
The brothers, who are now based in San Francisco, founded Stripe in 2010.
Stripe’s incredible growth has come thanks to it being the choice for many online retailers and fundraising companies including Kickstarter and Wish.
Stripe completes the financial transactions, and takes a 2.9% cut for its services.
Industry experts estimate Stripe handled more than $20bn worth of transactions last year.