Revolut founder Nik Storonsky is negotiating a compensation package that could make him the richest person in the United Kingdom, according to BFM. The talks center on a share award tied to the fintech's valuation, which the company hopes will reach $500 billion.
BFM reports that Storonsky's approach echoes the model used by Elon Musk at Tesla, where pay is linked to ambitious performance targets. The package under discussion would be granted before Revolut's planned initial public offering, which has been pushed back to 2028, according to Le Journal du Web.
The potential payout is substantial enough that L'Echo describes it as a "jackpot" that would vault Storonsky to the top of the UK wealth rankings. FinanceFeeds notes that the founder bonus is being negotiated ahead of an IPO that could value Revolut at around $200 billion, a figure well below the $500 billion target the company is aiming for in the longer term.
Les Echos draws a direct comparison to Musk, suggesting that Storonsky is seeking a similarly outsized reward for hitting aggressive growth milestones. The details of the package, including the specific performance criteria, have not been disclosed.
Revolut, a digital banking and payments company, has expanded rapidly across Europe and beyond since its founding. Storonsky, a former trader, has led the company through multiple funding rounds that have steadily increased its valuation.
The negotiation comes at a critical time for Revolut, as it prepares for a public listing that has already been delayed. Investors will be watching whether the board approves a pay structure that could set a new benchmark for founder compensation in Europe.
What to watch next: Whether Revolut's board and shareholders accept the proposed package, and how it aligns with the company's revised IPO timeline.
