Revolut CEO could earn billions if company value exceeds $150bn, mirroring Elon Musk deal

From Yahoo Finance: 2025-06-23 07:22:00

Revolut’s CEO Nik Storonsky stands to gain a multibillion-dollar fortune with a deal hinging on the company’s valuation surpassing $150bn. The agreement, similar to Elon Musk’s, offers Storonsky additional shares as Revolut’s worth triples. The fintech firm is now Europe’s most valuable private company, valued at $33bn.

Storonsky already holds over 25% of Revolut’s shares after a reorganization. The pay deal mirrors one for Tesla’s Musk, offering stock options based on financial targets. Revolut declined to comment on Storonsky’s arrangement. The company, founded in 2015, has expanded to 10,000+ employees and offers various financial services beyond currency exchange.

Revolut’s annual profit doubled in 2024 to £1bn, driven by subscriptions and wealth/crypto trading. Investors anticipate its stock market debut. Revolut recently secured a UK banking license after a three-year wait, addressing regulatory and reputational concerns. The company aims for full approval from UK regulators this year.

Read more: Revolut CEO ‘could get multibillion-dollar windfall if its value passes $150bn’