Nik Storonsky
British fintech entrepreneur; co-founder and chief executive of Revolut
| Nik Storonsky
| |
|---|---|
| Born | 21 July 1984 (Forbes) Dolgoprudny, Moscow region, Russia (Moscow Times) |
| Nationality | British (renounced Russian citizenship 2022) |
| Residence | United Arab Emirates (Companies House filing, 2025); Forbes: Dubai |
| Occupation | Chief executive |
| Known for | Co-founder of Revolut |
| Children | 4 (Forbes) |
| Education | MSc, Moscow Institute of Physics and Technology (Forbes) |
Nik Storonsky (born Nikolay Storonsky, 21 July 1984) is a British entrepreneur who co-founded the London-based financial technology company Revolut in 2015 with Vlad Yatsenko. He is its chief executive and largest shareholder.[1][2] Forbes estimates his stake at 18% and says private investors valued Revolut at US$75 billion in November 2025.[2] On 10 November 2026 the Forbes Real-Time Billionaires list ranked Nik Storonsky 146th in the world, with an estimated net worth of US$18.8 billion; Forbes lists the source of wealth as fintech.[2][3] In the annual World's Billionaires list published in 2026, Forbes had ranked Nik Storonsky 150th, at US$18.8 billion.[4] Storonsky was born in Russia and renounced his Russian citizenship in 2022 after Russia's full-scale invasion of Ukraine.[2][5] In October 2025 a Companies House filing showed that he had moved his official residence from the UK to the United Arab Emirates.[1]
Early life and career
The Moscow Times reports that Storonsky was born in Dolgoprudny, in the Moscow region.[5] Forbes says he holds a master's degree from the Moscow Institute of Physics and Technology and was a champion swimmer at school.[2] He began his career as a derivatives trader at Lehman Brothers and then Credit Suisse.[2] His father, Nikolay Storonsky Sr, was born in Ukraine and was director-general of Gazprom Promgaz, the research arm of the Russian state gas company Gazprom.[6] In a 2022 letter Storonsky wrote: "My father is Ukrainian."[7]
Revolut
Storonsky and Yatsenko founded Revolut in London in 2015.[1] The company offers currency exchange, cash withdrawals without ATM surcharges, international transfers and budgeting tools. Forbes says it had more than 65 million customers and generated US$4 billion of revenue in 2024.[2] UK banking licence. Revolut applied for a UK banking licence in 2021.[8] In July 2024 it received a licence with restrictions from the Prudential Regulation Authority, which limited its UK bank to £50,000 of total customer deposits during the "mobilisation" stage.[9] The Irish Times, republishing the Financial Times, reported in October 2025 that Chancellor Rachel Reeves had tried to broker a meeting to break the impasse between Revolut and the Bank of England.[1] On 11 March 2026 the PRA lifted the restrictions, about 20 months after the licence was granted. Revolut Bank UK Ltd was then set to roll out banking services, with deposits protected by the FSCS, to the company's 13 million UK customers.[10][8] Storonsky said: "The UK is our home market and central to our growth."[10]
Wealth
Forbes lists his source of wealth as fintech and classes him as self-made.[2] The Financial Times has reported that he is in line for a multibillion-dollar award if Revolut's valuation reaches about US$150 billion.[1] In April 2022 he asked Forbes to stop describing him as a Russian billionaire.[5]
Wealth history
Forbes has included this entry in its annual World's Billionaires list in 7 of the editions from 2001 to 2026 checked for this profile, starting with 2020. The table gives the rank and estimated net worth in each annual list.[4][2]
| Year | World's Billionaires rank | Net worth (US$ bn) |
|---|---|---|
| 2020 | 1851 | 1.1 |
| 2021 | 2378 | 1.2 |
| 2022 | 336 | 7.1 |
| 2023 | 878 | 3.3 |
| 2024 | 1238 | 2.7 |
| 2025 | 390 | 7.9 |
| 2026 | 150 | 18.8 |
Residence
Companies House filings show that he listed his residence as England until 16 October 2024. A filing posted in October 2025 changed it to the UAE.[1] The report came as the abolition of the UK non-dom regime prompted wealthy people to leave the country. A person familiar with the matter said he kept a home in the UK and would still work there frequently.[1]
Political activity and public statements
On 1 March 2022 Storonsky published a letter calling the war in Ukraine "wrong and totally abhorrent". Revolut waived fees on transfers to Ukrainian banks and pledged to match customer donations to the Red Cross Ukraine appeal for seven days, up to £1.5 million.[7] City A.M. reported that Revolut set up a hub to relocate its Russian and Ukrainian staff.[6] Ukraine imposed sanctions on his father on 19 October 2022.[5][6] A search of the Electoral Commission register of donations to UK political parties for the name Storonsky returned no entries.[11]
International and political links
This section uses the same ten headings for every profile in this series. Only specific, sourced actions are included; company-level and foundation-level actions are labelled as such. Where nothing was found, the entry reads "No documented involvement found in sources checked."
Israel (investments, operations, donations, contracts, statements)
No documented involvement found in sources checked.
Zionist or pro-Israel organisations and lobbying groups
No documented involvement found in sources checked.
Jewish communal charities
No documented involvement found in sources checked.
Gulf states
In October 2025 Storonsky moved his official residence to the UAE.[1] The same report said the UAE central bank had granted Revolut a stored value facilities and retail payment services licence, that Revolut was exploring buying a bank there, and that Abu Dhabi's sovereign fund Mubadala holds a stake in the company.[1]
China
No documented involvement found in sources checked.
Russia
Born in Russia, Storonsky held both British and Russian passports until he renounced his Russian citizenship in 2022.[6][5] His father headed Gazprom Promgaz, and Ukraine sanctioned him in October 2022.[6] Storonsky publicly condemned the invasion.[7]
India
No documented involvement found in sources checked.
Palestinian or Arab causes
No documented involvement found in sources checked.
Home government
In July 2024 the PRA granted Revolut a restricted UK banking licence, and it lifted the restrictions in March 2026. Chancellor Rachel Reeves tried to broker talks during the wait. Revolut has pledged to invest £3 billion in the UK.[9][10][1]
Other international links
Ukraine: his father is Ukrainian-born, and Revolut matched customer donations to the Red Cross Ukraine appeal in 2022.[7][6]
See also
External links
Notes
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 Financial Times, Revolut co-founder Nik Storonsky shifts his residency from UK to UAE The Irish Times, 8 October 2025, accessed 10 November 2026.
- ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 Forbes, Forbes profile record for Nik Storonsky (Forbes data feed behind forbes.com/profile/nik-storonsky/) Forbes, live record, read 10 November 2026, accessed 10 November 2026.
- ↑ Forbes, Forbes Real-Time Billionaires data feed Forbes, live; downloaded 10 November 2026 13:47 UTC, accessed 10 November 2026.
- ↑ 4.0 4.1 Forbes, Forbes World's Billionaires list data feed, annual editions 2001–2026 (one file per year at this path with the year substituted; all 26 files downloaded and read) Forbes, annual lists; downloaded 20 October 2026, accessed 10 November 2026.
- ↑ 5.0 5.1 5.2 5.3 5.4 The Moscow Times, Fourth Billionaire Renounces Russian Citizenship Over Ukraine The Moscow Times, 31 October 2022, accessed 10 November 2026.
- ↑ 6.0 6.1 6.2 6.3 6.4 6.5 Louis Goss, Revolut chief Nikolay Storonsky renounces Russian citizenship City A.M., 30 October 2022, accessed 10 November 2026.
- ↑ 7.0 7.1 7.2 7.3 Nik Storonsky, A personal letter from our CEO Revolut, 1 March 2022, accessed 10 November 2026.
- ↑ 8.0 8.1 John Reynolds, Revolut wins full UK banking licence, as finally exits mobilisation phase Tech.eu, 11 March 2026, accessed 10 November 2026.
- ↑ 9.0 9.1 Revolut, Revolut receives UK banking licence Revolut, 25 July 2024, accessed 10 November 2026.
- ↑ 10.0 10.1 10.2 Revolut, Revolut Launches UK Bank Revolut, 11 March 2026, accessed 10 November 2026.
- ↑ Electoral Commission, Donations search: "Storonsky" (register of donations to political parties; search results data) Electoral Commission, register data; retrieved 10 November 2026, accessed 10 November 2026.