According to Forbes’ latest list of world’s richest individual, John Collison, the Irish co-owner of Stripe, a payment processing company that’s now fueling numerous in-app purchase systems, has been pronounced the world’s youngest self-made billionaire.
The 26 years old billionaire is two months younger than Spiegel, the co-founder of Snapchat, which opened up to the world as of late. Forbes lists Collison’s total assets at $1.1 billion and that of Spiegel’s at $4.3 billion.
In November, Stripe raised a $150 million round of subsidizing to esteem the organization at $9.2 billion. “The transaction turned Collison into the world’s youngest self-made billionaire,” according to Forbes. Collison and his brother Patrick “took up coding as kids, competing against each other to master the craft,” Forbes reported. Before the two brothers came up with the idea for Stripe, they founded a tech startup called Auctomatic, which they sold for $5 million in 2008 when they were still teenagers.
In an interview with Fortune last summer, John Collison talked about what has led the Internet’s biggest players, from Twitter to Pinterest, to use his company’s technology.
“You should not have to go build out everything yourself from scratch,” he said. “Stripe should give you all this infrastructure [for] doing something that, in a way, is pretty complex.”
Spiegel was proclaimed the world’s youngest self-made billionaire in 2015 at the age of 25.