According to news reports, in a secondary share sale that ended last month, the company’s CEO, Nik Storonsky, sold between 40% and 60% of the stock that the employees had dumped.
This would imply that Mr. Storonsky had sold shares for between $200 million and $300 million, which is a negligible amount of his ownership in the company he founded in 2015.
The billionaire, whose estimated net worth for Revolut is $8 billion, orchestrated last month’s share sale that brought in $45 billion in capital from buyers like as D1 Capital Partners and Coatue.
Revolut did not mention Mr. Storonsky’s personal profit when announcing that it had structured the sale “to provide employee liquidity” at the time.
One insider claims that several thousand Revolut employees are believed to have taken part in the share sale.
“We’re delighted to provide the opportunity to our employees to realise the benefits of the company’s collective success,” Mr. Storonsky stated in August.
“It’s their hard work, innovation and dedication that has driven us to become the most valuable private technology company in Europe.”
Regarding Mr. Storonsky’s involvement in the secondary share offering, a Revolution representative remained silent.
