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Nik Storonsky eyes new shares at $500bn Revolut value

Financial Times Companies •
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Nik Storonsky is in talks over a new share award that would boost his ownership if Revolut reaches a valuation of about $500bn, according to people familiar with the matter.

The proposed pay deal follows the structure of his earlier incentive scheme, which triggers share payouts in stages as valuation thresholds are met. Such packages are common in U.S. tech firms but rare in Europe, exemplified by Elon Musk’s trillion‑dollar Tesla agreement tied to ambitious growth targets.

Storonsky, already Revolut’s largest shareholder with roughly 29 per cent, previously saw his stake rise to about 40 % at a $200bn valuation, unlocking an extra 10 % and valuing his holding at roughly $80bn. An investor said the programme aligns "meaningful investment and risk‑taking with very ambitious targets," urging more companies to adopt similar structures.

Revolut, valued at $115bn in its latest secondary round, aims for a $200bn IPO and has secured a UK banking licence, an Australian licence and is seeking a U.S. licence to fuel global growth. The group operates in 40 countries with 75 million customers and saw pre‑tax profit rise 57 % to £1.7bn last year.