Nikolay Storonsky Explained

Birth Date:21 July 1984
Birth Place:Dolgoprudny, Russian SFSR
Occupation:Businessman

Nikolay Storonsky (born 21 July 1984) is a Russian-born British businessman. He is best known as the co-founder and CEO of Revolut, the most valuable fintech company in the UK. Revolut is now operational in more than 35+ countries and serves 50 million customers.

Early life and career

Nik Storonsky was born on 21 July 1984[1] in Dolgoprudny, a town located about 20 kilometers North of Moscow's city centre.

As a child, Storonsky boxed and took up swimming as a teenager, becoming a state champion later at his university. He is also keen kite surfer and a mountaineer in his free time. He always dreamed of becoming an entrepreneur since childhood, and started reading books on economics and business when he was six.[2] [3] His father, Nikolay Mironovich Storonsky,[4] has been Deputy General Director of Science for the natural gas research institute Gazprom Promgaz.

Nik completed his master's degree in General and Applied physics at the Moscow Institute of Physics and Technology[5] . He graduated with another Master's in Applied Economics and Finance at New Economic School in Moscow.

Nik started his career as an equity derivatives trader at Lehman Brothers from 2006 - 2008 and later moved on to work at Credit Suisse where he continued till 2013. He left the banking industry to co-found the digital banking app Revolut in 2015.[6] [7] [8] In 2021, Revolut became the most valuable fintech firm in the UK.[9] [10]

Awards and Recognitions

Storonsky made the 2022 Forbes Billionaires List with an estimated wealth of $7.1 billion and occupied the 336th position.[10] Welp Magazine also named him in the following lists: '101 UK Founder & CEO’s To Follow in 2022' and '101 UK CEO’s To Follow in 2022'.[11] [12]

Personal life

Storonsky moved to England in 2004 and later acquired British citizenship; in 2022, he condemned the Russian invasion of Ukraine[13] and became the fourth Russian billionaire to renounce his Russian citizenship in protest of the invasion.[14]

Notes and References

  1. Web site: Treanor . Jill . 10 September 2022 . Revolut chief Nikolay Storonsky: We can still be banking's super app . The Sunday Times.
  2. Web site: England . Joanna . 2022-09-02 . Fintech Trailblazer Nikolay Storonsky, Revolut’s dynamic CEO . 2024-12-01 . fintechmagazine.com . en.
  3. Web site: Денисов . Олег . 2022-03-05 . Николай Сторонский о начале карьеры и создании Revolut . 2024-12-01 . Бизнес‑cекреты . ru-RU.
  4. Web site: BNS . LRT: отец главы Revolut Сторонского работает в "Газпроме" . 27 March 2019 . DELFI.
  5. Web site: 18 February 2018 . Revolut's Nikolay Storonsky on long hours and high staff turnover . 16 May 2018 . Financial Times.
  6. Web site: Revolut co-founder Nik Storonsky set to join the multibillionaire club. 2021-07-15. The Guardian. 2022-04-19.
  7. Web site: Lehman Brothers trader to fintech billionaire: Revolut's Nikolay Storonsky. 2021-07-15. Reuters. 2022-04-19.
  8. Web site: 'Money spoils children': Revolut's $7bn CEO Nik Storonsky on inheritance, growth plans, and IPO. October 2021. Evening Standard. 2022-04-19.
  9. Web site: Revolut becomes UK's biggest fintech firm with £24bn valuation. 2021-07-15. The Guardian. 2022-04-19.
  10. Web site: Nik Storonsky. Forbes. 2022-04-19.
  11. Web site: 2021-12-31 . Top Influencers: 101 UK Founder & CEO's To Follow in 2022 - Welp Magazine . 2022-05-05 . Welp Magazine . en-US.
  12. Web site: 2021-12-31 . Top Influencers: 101 UK CEO's To Follow in 2022 - Welp Magazine . 2022-05-05 . Welp Magazine . en-US.
  13. Web site: War is never the answer: Revolut's Russia-born co-founder Nik Storonsky condemns the invasion. 2022-03-03. Silicon canals. 2022-04-19.
  14. Web site: Fourth Billionaire Renounces Russian Citizenship Over Ukraine. October 31, 2022. themoscowtimes.com. January 29, 2023.