Patrick Collison

About Patrick Collison

Who is it?: Cofounder, Stripe
Birth Day: September 09, 1988
Birth Place: San Francisco, California, Ireland
Birth Sign: Libra
Residence: San Francisco, California, U.S.
Alma mater: Castletroy College Massachusetts Institute of Technology
Known for: Auctomatic; Croma; Stripe
Relatives: John Collison (brother)
Awards: Young Scientist and Technology Exhibition (2004) BT Young Scientist of the Year (2005)

Patrick Collison Net Worth

Patrick Collison was bornon September 09, 1988 in San Francisco, California, Ireland, is Cofounder, Stripe. Stripe cofounder and CEO Patrick Collison has changed the way the world pays for goods and services. His 550-person company lets businesses and individuals easily accept payments over the internet, and now processes billions of dollars in transactions per year in 25 different countries. Collison, an MIT grad, launched Stripe with his brother John in 2010. The company raised $150 million at a $9.2 billion valuation in November 2016, turning the two twenty-somethings into billionaires. This isn't the first time the brothers have worked together. They previously founded Auctomatic, which helped manage transactions for sellers on sites like Amazon and eBay. It was acquired by Live Current Media in 2008 for $5 million, in a transaction that made the then teenagers millionaires. Patrick, who now lives in San Francisco, CA, was born and raised in the countryside near Limerick, Ireland, where his parents ran a lakeside hotel. He and John both took up coding as kids, competing against each other to master the craft.
Patrick Collison is a member of Technology

💰 Net worth: $1 Billion (Updated at 22 June 2018)

Some Patrick Collison images

Biography/Timeline

1988

Patrick Collison was born to Lily and Denis Collison in 1988. The eldest of three children (two younger brothers, John and Tommy), he took his first computer course when he was eight years old at the University of Limerick and began learning computer programming at the age of ten.

2005

He entered the 40th Young Scientist and Technology Exhibition with his project on artificial intelligence (nicknamed 'Isaac' after Isaac Newton, whom Patrick admired), finishing as individual runner-up. He re-entered the following year, and won first place at the age of sixteen on 14 January 2005. His project involved the creation of Croma, a LISP-type programming language.

2007

After attending Massachusetts Institute of Technology for a time, Collison dropped out. In 2007 he set up software company 'Shuppa' (a play on the Irish word 'siopa', meaning 'shop') in Limerick with his brother John Collison. Enterprise Ireland did not allocate funding to the company, prompting a move to California after Silicon Valley's Y Combinator showed interest, where they merged with two Oxford graduates, Harjeet and Kulveer Taggar, and the company became Auctomatic.

2008

Both Collison and his younger brother John were featured on a young Irish persons rich list aired on an RTÉ television show during the 2008 Christmas period.

2009

On 18 July 2009, at the age of 20 and following the publication of McCarthy Report, Collison outlined his ideas for the Future of Ireland on popular talk-show Saturday Night with Miriam.

2010

In 2010, Patrick co-founded Stripe, which received backing from Peter Thiel, Elon Musk and Sequoia Capital.

2016

In November 2016, the Collison brothers became the world's youngest self-made billionaires, worth at least $1.1 billion, after an investment in Stripe from CapitalG and General Catalyst Partners valued the company at $9.2 billion.