Nick Molnar

Meet Australia’s youngest self-made billionaire

PHOTO: Mr Molner enjoys a lavish lifestyle travelling around the globe with his wife Gabrielle (pictured together) when he is not busy working

  • Nick Molnar, 30, became a billionaire on Thursday after shares of his firm soared 
  • Buy-now pay-later platform’s worth rocketed following coronavirus pandemic
  • Mr Molnar, originally from Sydney, is now worth more than 1.4billion dollars
  • The father-of-one stole the title from Canva co-founder Melanie Perkins, 32 

Australia’s youngest self-made billionaire has revealed the secrets to his $1.6billion Afterpay company – and why a trip to Vegas helped get the idea off the ground.

Nick Molnar, 30, became a billionaire on Thursday after shares of his buy now pay-later business soared 9.5 per cent to $68.16 in the stock market.

 

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The father-of-one, originally from Sydney, launched his first business as a teenager when he convinced his dad to take him to the US to buy a jewellery company before he turned it into a successful brand on Australia’s eBay.

Nick previously said he owed the success of that venture to his ‘entrepreneurial spirit’, which later gave him the drive to launch Afterpay.