Nick Molnar

Nick Molnar is a FinTech entrepreneur and is the co-founder of Afterpay.[1]

Nick Molnar
Born
Nicholas Molnar

1990 (age 32–33)
NationalityAustralian
EducationMoriah College
Alma materUniversity of Sydney
OccupationFinTech entrepreneur
Known forCo-founder of Afterpay
SpouseGabrielle Molnar
Children2

Whilst attending Sydney's Moriah College,[2] Molnar started trading jewellery on eBay.[3] He graduated with a Bachelor of Commerce from the University of Sydney.[3]

In August 2021 Afterpay and Square, Inc. (later renamed Block, Inc. in December 2021), a digital payments company, announced they had entered into arrangements for Square to acquire Afterpay for US$29 billion (A$39 billion) which was later completed on 31 January 2022.[4][5][6] It was reported that Molnar and co-founder, Anthony Eisen will receive US$2.7 billion in Square stock for their Afterpay shares and, post-settlement, they will jointly lead Afterpay’s merchant and consumer businesses inside Square.[4][7]

Net worth

In July 2022, Business Insider Magazine stated that Molnar was the youngest Australian "self-made" billionaire.[8] In 2020 Molnar and his wife, Gabrielle, purchased a North Bondi property for approximately A$27 million; and subsequently acquired an adjoining property the following year for A$18.5 million.[9]

Year Financial Review
Rich List		 Forbes
Australia's 50 Richest
Rank Net worth (A$) Rank Net worth (US$)
2020[10] 50 Decrease $1.86 billion Decrease
2021[11] 38 Increase $2.67 billion Increase
Legend
Icon Description
Steady Has not changed from the previous year
Increase Has increased from the previous year
Decrease Has decreased from the previous year

References
  1. Gilchrist, Karen (7 December 2020). "How this 30-year-old became Australia's youngest self-made billionaire during the pandemic". CNBC.
  2. "A breakthrough business that's changing how we shop". The University of Sydney. 26 March 2018. Retrieved 23 May 2021.
  3. "#1,750: Nick Molnar". Billionaires 2021. Forbes Asia. 28 May 2021. Retrieved 28 May 2021.
  4. Shapiro, Jonathan; Eyers, James (2 August 2021). "'Perfect partner': Square buys Afterpay in $39b deal". Financial Review. Australia. Retrieved 2 August 2021.
  5. "Square, Inc. Announces Plans to Acquire Afterpay, Strengthening and Enabling Further Integration Between its Seller and Cash App Ecosystems" (Press release). Square, Inc. 2 August 2021. Retrieved 2 August 2021.
  6. Peters, Jay (1 August 2021). "Square to buy Afterpay, which offers a 'buy now, pay later' service, for $29 billion in stock". The Verge. Retrieved 2 August 2021.{{cite web}}: CS1 maint: url-status (link)
  7. "Block, Inc. Completes Acquisition of Afterpay" (Press release). Block, Inc. 31 January 2022.
  8. Derwin, Jack (2 July 2020). "Nick Molnar is Australia's youngest self-made billionaire at just 30 years old, as Afterpay continues its remarkable stock market tear". Business Insider Australia.
  9. Macken, Lucy (20 March 2021). "Afterpay's Nick Molnar makes like a billionaire, buys block next door for $18.5m". Domain.com.au. Retrieved 28 May 2021.
  10. Bailey, Michael; Sprague, Julie-anne (30 October 2020). "The full list: Australia's wealthiest 200 revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 October 2020.
  11. Bailey, Michael; Sprague, Julie-anne (27 May 2021). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 28 May 2021.


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