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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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).
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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Sells his first company, Shuppa, (auction software) (Early Exit).
Co-founds Stripe with his brother John Collison (Founding).
Stripe valuation reaches $95 billion (Valuation Apex).
Continues as Co-founder and CEO, guiding the global fintech giant (Executive Oversight).
Patrick Collison's wealth is concentrated in his founding equity and continued executive leadership of the private technology giant, Stripe.
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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.
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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-0.08% | -$3.64M
+0.21% | +$6.90M
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All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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