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Patrick Collison

Patrick Collison

P. Collison
16.61% | + $1.67B
$11.74 B ₹ 1.07 Lk Cr
Real Time Net Worth #251 Ranking as of 21 Feb 2026 By Forbes

More on Patrick Collison

Gender

Male

Age

37Y

Country

Ireland

Born On

September, 1988

Deceased

No

Relationship Status

Single

Children

Unknown

Education

Massachusetts Institute Of Technology (MIT) (Dropout)

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Fintech)

Primary Organization

Stripe

Titles

Co-Founder & CEO

Sources of Wealth

Stripe

Industry

Fintech, Technology, Software

About Patrick Collison


P atrick Collison is an Irish entrepreneur who, along with his younger brother John, co-founded Stripe, a revolutionary online payment processing company. A prodigious talent from a young age, Collison grew up in rural County Tipperary, Ireland. He taught himself programming and excelled academically, winning the BT Young Scientist and Technologist Exhibition at 16. He briefly attended the Massachusetts Institute of Technology (MIT) before dropping out to pursue his entrepreneurial ambitions.

His first major success came in 2007 when he and his brother founded Auctomatic, a software company that built tools for eBay sellers. They sold the company for $5 million in 2008 when Patrick was just 19. The brothers then identified a major pain point for internet businesses: the difficulty of accepting payments online. In 2010, they founded Stripe with the goal of making payment processing simple and developer-friendly. They created a system that could be integrated into a website or app with just a few lines of code, a dramatic improvement over the clunky, legacy systems that existed at the time. As CEO, Patrick has guided Stripe's expansion from a simple payment gateway into a global financial infrastructure platform, handling billions of dollars in transactions for millions of businesses worldwide.

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Quick Reads


  • Co-founder and CEO of the online payments company Stripe.
  • Founded Stripe in 2010 with his younger brother, John Collison.
  • A child prodigy who taught himself to program at a young age.
  • Sold his first company, Auctomatic, for $5 million at age 19.
  • Dropped out of MIT to focus on his entrepreneurial ventures.

Early Life and Background


Patrick Collison is an Irish businessman, the self-made billionaire Co-founder and CEO of Stripe, a global leader in online payment processing and financial infrastructure. His career is rooted in elite computer science, serial entrepreneurship, and technological disruption.

Collison dropped out of the Massachusetts Institute of Technology (MIT) after only one semester. His entrepreneurial journey began with his younger brother, John Collison, with the founding of Shuppa (an auction software company, later sold). His philosophical approach centers on technological elegance, scale efficiency, and long-term commitment to Internet commerce (pioneering the concept of payment infrastructure for the Internet).

  • Stripe (Co-founder & CEO): The core private asset, a global leader in online payment processing, financial infrastructure, and embedded finance (valued at $65 billion in 2024).
  • Fintech Pioneer: His success is built on simplifying online payments for developers and businesses, creating a foundational infrastructure for the Internet economy.
  • Academic Note: He dropped out of MIT after one semester.
  • Investment Strategy: His philosophy is rooted in long-term investment in Internet infrastructure and leveraging the massive global growth of digital commerce (SaaS model).

Career Journey of Patrick Collison


Patrick Collison's strategic genius was his commitment to solving the complexity of online payments (which historically required long setup times). He co-founded Stripe with his brother, John Collison, in 2010, recognizing the structural need for a simple, developer-friendly payment API. His structural contribution is immense: pioneering the modern payment infrastructure that enabled the growth of millions of small businesses and e-commerce platforms globally.

Stripe achieved hyper-growth and became one of the world's most valuable private technology companies. His wealth is secured by the colossal, long-term, stable profitability of the global fintech and payments sector.

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Patrick Collison's Timeline


2008:

Sells his first company, Shuppa, (auction software) (Early Exit).

2010 (September):

Co-founds Stripe with his brother John Collison (Founding).

2021 (March):

Stripe valuation reaches $95 billion (Valuation Apex).

Ongoing:

Continues as Co-founder and CEO, guiding the global fintech giant (Executive Oversight).

Major Business Ventures and Investments


Patrick Collison's wealth is concentrated in his founding equity and continued executive leadership of the private technology giant, Stripe.

  • Stripe (Co-founder & CEO): The core private asset, a global leader in online payment processing, financial infrastructure, and embedded finance (valued at $65 billion in 2024).
  • Fintech Pioneer: His success is built on simplifying online payments for developers and businesses, creating a foundational infrastructure for the Internet economy.
  • Academic Background: He dropped out of MIT after one semester.
  • Investment Strategy: His philosophy is rooted in long-term investment in Internet infrastructure and leveraging the massive global growth of digital commerce (SaaS model).

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Philanthropy and Social Impact


Patrick Collison's social impact is structural, stemming from Stripe's role in providing essential financial infrastructure that accelerates global e-commerce and entrepreneurship. His personal philanthropy focuses intensely on Effective Altruism (EA) and long-term social solutions (donating to AI safety and pandemic preparedness). His structural contribution is tied to his belief in technology as a force for global economic efficiency.

His personal philanthropy supports various community and educational initiatives.

Fashion, Style, and Lifestyle


Patrick Collison maintains the professional, composed style of a technology executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and intellectual depth, typical of a pioneer in the specialized fintech sector.

Residing in San Francisco, California, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to technology innovation, strategic management, and the long-term stewardship of the Stripe platform.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Co-founder and CEO of Stripe (online payments).
  • He and his brother John Collison are the richest people in Ireland.
  • He dropped out of MIT after one semester.
  • His first company, Shuppa, was sold before he founded Stripe.
  • He is a major advocate for Effective Altruism (EA) and AI safety.
  • Stripe was valued at $65 billion in 2024.
  • His structural wealth is tied to the successful monetization of online payment infrastructure.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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