Nick Molnar Becomes The Youngest Self-Made Billionaire In Australia
— 3 July 2020

Nick Molnar Becomes The Youngest Self-Made Billionaire In Australia

— 3 July 2020
Garry Lu
WORDS BY
Garry Lu

Afterpay Co-Founder Nick Molnar has secured his place in history as Australia’s youngest self-made billionaire as of 2020.

The 30-year-old reached this newly-attained status when the buy-now-pay-later fintech company (ASX: APT) surpassed the $66 share price mark. Holding an 8.5% stake comprised of 20.5 million shares, this effectively brought the value of his position to $1.35 billion.

What’s more remarkable is the story of Afterpay’s triumphant return. When COVID-19 kicked off in earnest during March of this year, the share price dipped from almost $40 to around just $8. This recent rally to near $70, however, would certainly make up for any historic stress/heartache shareholders faced.

Molnar has narrowly beaten Canva’s Melanie Perkins and Cliff Obrecht, who were 31 when they reached this landmark figure. A little further back, Perkins and Obrecht had taken the throne from Atlassian’s Mike Cannon-Brookes and Scott Farquhar, who were 34 and 33 respectively. Given the trend of progressively younger billionaires popping up, who knows how fresh-faced the next titleholder will be.

In any case, massive congratulations are in order to Mr Nick Molnar. Though let’s be honest – with that account balance, he doesn’t need a damn thing from anybody; least of all a congrats from us.

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Garry Lu
WORDS by
After stretching his legs with companies such as The Motley Fool and the odd marketing agency, Garry joined Boss Hunting in 2019 as a fully-fledged Content Specialist. In 2021, he was promoted to News Editor. Garry proudly retains a blue belt in Brazilian Jiu-Jitsu, black bruises from Muay Thai, as well as a black belt in all things pop culture. Drop him a line at [email protected]

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