Nick Molnar
Ron Molnar | |
|---|---|
| Born | Nicholas Molnar 1990 (age 30–31) |
| Nationality | Australian |
| Education | Moriah College |
| Alma mater | University of Sydney |
| Occupation | FinTech entrepreneur |
| Known for | Co-founder of Afterpay |
| Spouse(s) | Gabrielle Molnar |
| Children | 2 |
Nick Molnar is the co-founder of Afterpay.[2] Business Insider Magazine states that he is the youngest Australian "self-made" billionaire.[3]
Molnar started trading jewelry on eBay.[4] He attended school at Moriah College,[5] and graduated with a Bachelor of Commerce degree from the University of Sydney.[4]
In 2020 Molnar and his wife, Gabrielle, purchased a North Bondi property for approximately $27 million; and subsequently acquired an adjoining property the following year for $18.5 million.[6]
In August 2021 Afterpay and Square, Inc., a digital payments company, announced they had entered into arrangements for Square to acquire Afterpay for US$29 billion (A$39 billion), to be settled by March 2022.[7][8][9] It was reported that Molnar and Eisen will receive US$2.7 billion in Square stock for their Afterpay shares and, post-settlement, they will jointly lead Afterpay’s merchant and consumer businesses inside Square.[7]
Net worth[]
| Year | Financial Review Rich List |
Forbes Australia's 50 Richest | ||
|---|---|---|---|---|
| Rank | Net worth (A$) | Rank | Net worth (US$) | |
| 2020[10] | 50 
|
$1.86 billion
|
||
| 2021[1] | 38 
|
$2.67 billion
|
||
| Legend | |
|---|---|
| Icon | Description |
|
Has not changed from the previous year |
|
|
Has increased from the previous year |
|
|
Has decreased from the previous year |
References[]
- ^ a b Bailey, Michael; Sprague, Julie-anne (27 May 2021). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 28 May 2021.
- ^ Gilchrist, Karen (December 7, 2020). "How this 30-year-old became Australia's youngest self-made billionaire during the pandemic". CNBC.
- ^ Derwin, Jack (July 2, 2020). "Nick Molnar is Australia's youngest self-made billionaire at just 30 years old, as Afterpay continues its remarkable stock market tear". Business Insider Australia.
- ^ a b "#1,750: Nick Molnar". Billionaires 2021. Forbes Asia. 28 May 2021. Retrieved 28 May 2021.
- ^ "A breakthrough business that's changing how we shop". The University of Sydney. 26 Mar 2018. Retrieved 23 May 2021.
- ^ Macken, Lucy (20 March 2021). "Afterpay's Nick Molnar makes like a billionaire, buys block next door for $18.5m". Domain.com.au. Retrieved 28 May 2021.
- ^ a b Shapiro, Jonathan; Eyers, James (2 August 2021). "'Perfect partner': Square buys Afterpay in $39b deal". Financial Review. Australia. Retrieved 2 August 2021.
- ^ "Square, Inc. Announces Plans to Acquire Afterpay, Strengthening and Enabling Further Integration Between its Seller and Cash App Ecosystems" (Press release). Square, Inc. 2 August 2021. Retrieved 2 August 2021.
- ^ Peters, Jay (August 1, 2021). "Square to buy Afterpay, which offers a 'buy now, pay later' service, for $29 billion in stock". The Verge. Retrieved 2021-08-02.
- ^ Bailey, Michael; Sprague, Julie-anne (30 October 2020). "The full list: Australia's wealthiest 200 revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 October 2020.
  | This Australian biography article is a stub. You can help Wikipedia by . |
- Australian billionaires
- Living people
- Australian Jews
- 1991 births
- University of Sydney alumni
- Australian company founders
- Australian people stubs