John and Patrick Collison, the Irish brothers who founded global payments company Stripe, have broken into the world’s top 250 billionaires for the first time.
The Tipperary men, ages 31 and 33, are ranked 214th on the Forbes list of the world’s billionaires, with an estimated fortune of $9.5 billion each. They were ranked 956 last year.
Her fortune has soared after a $3.2 billion funding round last year.
Stripe is valued at $95 billion, making it the largest privately held company in Silicon Valley.
Irish-Indian billionaire Pallonji Mistry topped Ireland’s entries in Forbes World’s Billionaires List 2022, with the Collison brothers also featured among the world’s 250 richest people.
Mistry’s net worth is estimated at almost $15 billion, which puts him at number 140 on the list. The 93-year-old is one of the largest shareholders in the Tata Group and CEO of the Indian group Shapoorji Pallonji.
Elon Musk tops the list with an estimated net worth of $219 billion thanks to his holdings in Tesla and SpaceX. He also became a shareholder in Twitter this week when he bought a 9 percent stake in the social media platform.
Amazon founder Jeff Bezos is second on the list with $171 billion. Bezos stepped down as Amazon’s CEO last year and took on a new role as executive chairman.
Frenchman Bernard Anhault and his family took third place with an estimated fortune of €158 billion stemming from their control of retail giants like Louis Vuitton and Sephora.
Bill Gates ($129 billion) and Warren Buffett ($118 billion) are the fourth and fifth richest men in the world, according to Forbes estimates. Gates’ Microsoft is one of the highest rated companies in the US
Buffett, who runs Berkshire Hathaway, is considered one of the greatest investors of all time.
This year, nine Irish billionaires made the list, the same number as last year, with combined wealth of $54.8 billion.
Other Irish entries on the billionaires list included John Grayken ($6.5 billion), an American-Irish owner of Lone Star Funds, a Dallas-based private equity firm. He ranked 386th, while Denis O’Brien, owner of Digicel, estimated his fortune at $3.8 billion.
Egerton Capital co-founder John Armitage ($2.9 billion), Kingspan owner Eugene Murtagh ($2.8 billion), Campbell’s soup heir John Dorrance ($2.7 billion) and Dermot Desmond ($2.1 billion) USD) completed the Irish names on the list.
https://www.independent.ie/business/irish/stripe-founders-john-and-patrick-collison-move-into-top-250-billionaires-on-forbes-list-with-assets-worth-95bn-each-41524222.html Stripe founders John and Patrick Collison join the top 250 billionaires on Forbes list with assets worth $9.5 billion each