Nick Molnar

Nick Molnar is the co-founder of Afterpay.[1] Business Insider Magazine states that he is the youngest Australian "self-made" billionaire.[2]

Ron Molnar
Born
Nicholas Molnar

1990 (age 30–31)
NationalityAustralian
EducationMoriah College
Alma materUniversity of Sydney
OccupationFinTech entrepreneur
Known forCo-founder of Afterpay
Spouse(s)Gabrielle Molnar
Children2

Molnar started trading jewelry on eBay.[3] He attended school at Moriah College,[4] and graduated with a Bachelor of Commerce degree from the University of Sydney.[3]

In 2020 Molnar and his wife, Gabrielle, purchased a North Bondi property for approximately $27 million; and subsequently acquired an adjoining property the following year for $18.5 million.[5]

In August 2021 Afterpay and Square, Inc., a digital payments company, announced they had entered into arrangements for Square to acquire Afterpay for US$29 billion (A$39 billion), to be settled by March 2022.[6][7][8] It was reported that Molnar and 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.[6]

Net worth
Year Financial Review
Rich List		 Forbes
Australia's 50 Richest
Rank Net worth (A$) Rank Net worth (US$)
2020[9] 50 $1.86 billion
2021[10] 38 $2.67 billion
Legend
Icon Description
Has not changed from the previous year
Has increased from the previous year
Has decreased from the previous year

References
  1. Gilchrist, Karen (December 7, 2020). "How this 30-year-old became Australia's youngest self-made billionaire during the pandemic". CNBC.
  2. Derwin, Jack (July 2, 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.
  3. "#1,750: Nick Molnar". Billionaires 2021. Forbes Asia. 28 May 2021. Retrieved 28 May 2021.
  4. "A breakthrough business that's changing how we shop". The University of Sydney. 26 Mar 2018. Retrieved 23 May 2021.
  5. 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.
  6. Shapiro, Jonathan; Eyers, James (2 August 2021). "'Perfect partner': Square buys Afterpay in $39b deal". Financial Review. Australia. Retrieved 2 August 2021.
  7. "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.
  8. Peters, Jay (August 1, 2021). "Square to buy Afterpay, which offers a 'buy now, pay later' service, for $29 billion in stock". The Verge. Retrieved 2021-08-02.
  9. 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.
  10. 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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