Patrick Collison
San Francisco, California
Drop Out, Massachusetts Institute of Technology
Ireland
Stripe
payment software, Self Made
$2,100,000,000
1116
#1116 Billionaires 2019
#15 America's Richest Entrepreneurs Under 40 2016
Patrick Collison is the cofounder and CEO of Stripe, a company that lets businesses and individuals accept payments over the internet.In September 2018, Stripe announced a $245 million funding round that valued the business at $20.25 billion.He and his brother John hatched the idea for Stripe while both were in college in Boston at MIT.Stripe's first payment was processed while the Collison brothers were on vacation in South America.Stripe's big-name investors include Elon Musk and Peter Thiel.
The Collison brothers became teenage millionaires in 2008 when they sold their company Auctomatic to Live Current Media for $5 million.Patrick and John took up coding as kids, competing against each other to master the craft.
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