How rich is Patrick Collison?
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Patrick Collison Net Worth, Biography, Wiki 2017-2016
Patrick Collison was born on the 9th September 1988, in Limerick, County Limerick, Ireland, and is now an American entrepreneur and businessman, who is probably best recognized for being the co-founder of Stripe, a technology company, with his brother John Collison, of which he is its CEO. He has been an active member of the business industry since 2010.
So, have you ever wondered how rich Patrick Collison is, as of early 2017? According to authoritative sources, it has been estimated that Patrick counts the total size of his net worth at the impressive amount of $1.1 billion. The main source of this amount of money has been accumulated through his successful involvement in the business industry.
Patrick Collison Net Worth $1.1 Billion
Patrick Collison is the eldest of three sons born to Lily and Denis Collison, who are the owners of a hotel. When he was only eight years old, he attended his first computer course at the University of Limerick, and two years later he started to learn computer programming. He went to Gaelscoil Aonach Urmhumhan, Nenagh, and upon matriculation, he enrolled at Castletroy College in County Limerick. At the age of 15, Patrick entered the 40th Young Scientist and Technology Exhibition with his project on artificial intelligence, which was called Isaac (after Isaac Newton), and in the following year he re-entered it and won first place. His project was so successful that was involved in the creation of Croma, a LISP-type of programming language, and consequently he won the prize of €3,000 and the Waterford Crystal trophy.
Soon, Patrick continued his education at Massachusetts Institute of Technology, before in 2007 launching the Shuppa company, alongside his younger brother John Collison, which was based in Limerick. Very soon the Collison brothers relocated from Ireland to Silicon Valley, California, in order to merge their company with two Oxfords graduates, so the name of the new company was Auctomatic. This marked the beginning of an increase of his net worth. During the next year, they sold it to Live Current Media, a Canadian company for $5 million, and became millionaires, and in the same year, he became the Director of Engineering in the company’s new base in Vancouver.
To speak further about his accomplishment, Patrick co-founded with John an online payment company called Stripe in 2010, in which he began to serve in the position of the CEO, adding a considerable amount to his net worth. The company is headquartered in San Francisco, California, and operates with payments over the internet in more than 25 countries worldwide. In 2015, the value of the company was $5 billion, and in 2016 it increased to $9.2 billion, which contributed a lot to Patrick’s impressive current net worth.
When it comes to speak about Patrick Collison’s personal life, there is no information about it in the media, although he is very active member across many of the most popular social media platforms such as Twitter. In his spare time, Patrick enjoys reading books. His current residence is in San Francisco, California.
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