Nik Storonsky in talks over new share award if Revolut hits $500bn valuation

Nik Storonsky, the billionaire founder of Revolut, is currently in discussions regarding a new share award. This pay package would provide a significant stock windfall if the fintech reaches a $500bn valuation, emulating the deal structure used by Elon Musk. Meanwhile, the digital bank is conducting a secondary share sale, aiming for a current firm valuation of $115bn. This potential agreement is expected to substantially increase Storonsky's personal wealth as the company grows.