Nik Storonsky, the CEO of Revolut, stands to gain significantly if the British fintech’s valuation surges to $150 billion, potentially mirroring the lucrative compensation packages seen in other major tech firms.
Storonsky’s incentive agreement is contingent upon the company achieving specific valuation targets, which could elevate his ownership stake by several percentage points if these goals are met. As of late 2024, Revolut’s valuation was approximately $45 billion, following a significant secondary share sale.
Should the company’s valuation triple, it’s estimated that Storonsky’s shareholdings could rise to about ten percent, as reported by the Financial Times. This scenario draws parallels to Elon Musk’s remarkable $56 billion performance-based package awarded by Tesla in 2018.
Revolut has demonstrated impressive growth, more than doubling its pre-tax profits to $1.4 billion in the 2024 financial year as it diversifies into new sectors. Recently, the company launched its own ATM network in Spain, introduced a mobile plan aimed at challenging telecom giants, and is reportedly developing its own stablecoin.
Future products under consideration include a foray into private banking, as well as the rollout of an AI assistant, mortgage offerings, and new business credit products.