Patrick Collison (born 9 September 1988), is an Irish entrepreneur from County Limerick. He is the co-founder and CEO of Stripe, which he started with his younger brother, John, in 2010. He won the 41st Young Scientist and Technology Exhibition in 2005 at the age of sixteen. He lives in San Francisco, California. The brothers are now worth at least $1.1 billion each after San Francisco-based Stripe raised $150 million from CapitalG, an investment division of Google parent company Alphabet, and General Catalyst Partners.
Early life
Patrick Collison was born to Lily and Denis Collison in 1988. The eldest of three children (two younger brothers, John and Tommy), he took his first computer course when he was eight years old at the University of Limerick and began learning computer programming at the age of ten.
Collison was educated in Gaelscoil Aonach Urmhumhan, Nenagh, before attending Castletroy College in Castletroy, County Limerick.
Young Scientist
He entered the 40th Young Scientist and Technology Exhibition with his project on artificial intelligence (nicknamed ‘Isaac’ after Isaac Newton, whom Patrick admired), finishing as individual runner-up. He re-entered the following year, and won first place at the age of sixteen on 14 January 2005. His project involved the creation of Croma, a LISP-type programming language.
His prize of a €3,000 cheque and a trophy of Waterford Crystal was presented to him by President Mary McAleese. His younger brother Tommy participated with his project on blogging in the Young Scientist and Technology Exhibition in 2010.
Summary
| Patrick Collison | |
|---|---|
| Born | 9 September 1988 Limerick, County Limerick, Ireland |
| Residence | San Francisco, California, U.S. |
| Nationality | Irish |
| Alma mater | Castletroy College Massachusetts Institute of Technology |
| Known for | Auctomatic; Croma; Stripe |
| Net worth | US$1.1 billion (March 2017) |
| Relatives | John Collison (brother) |
| Awards | Young Scientist and Technology Exhibition (2004) BT Young Scientist of the Year (2005) |
Patrick Collison net worth: Patrick Collison is an Irish American businessman and entrepreneur who has a net worth of $1.2 billion. Patrick Collison is best known for co-founding and being the CEO of the company Stripe with his brother John Collison. The Collison brothers founded Shuppa in Limerick, Ireland and the company later merged with Auctomatic. John Collison moved to Silicon Valley and Auctomatic was sold to Live Current Media for $5 million in March 2008 when he was 17 years old. John and Patrick Collison founded the online payment company Stripe in 2010. In October 2015 the company was valued at $5 billion and was used throughout the world. The two brothers studied coding as kids and now live in San Francisco where Stripe is based. Patrick won the 41st Young Scientist and Technology Exhibition in 2005 at 16 years old. He studied at Castletroy College and the Massachusetts Institute of Technology. Patrick Collison was on the cover of Forbes magazine in 2015. In November 2016, the value of Stripe had increased to $9.2 billion and therefore Patrick’s net worth increased from $750 million to $1.2 billion.
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