Business
Afterpay founders’ wealth tops $4bn on share price surge – Sydney Morning Herald
Australia may still be a land of iron ore billionaires but our tech entrepreneurs are closing in fast, and Afterpay is leading the charge.
Afterpay’s share price has risen 1,000 per cent since March this year when the markets were pricing in the pandemic-induced recession as an existential threat for the service.
Mr Molnar and Mr Eisens stakes in the business are each worth $1.9 billion based on Tuesdays closing price. The duo also sold shares worth a combined $250 million in July.
With a market valuation approaching $29 billion – up from $125 million in 2016 – Afterpay is gaining ground on some of the biggest and best known name…
-
Business20 hours agoWhat Warren Buffett’s farewell letter means for Berkshire Hathaway investors
-
General20 hours agoEnvironment Bill passes Senate as Greens cut deal with Labor
-
General19 hours agoCalls for states to change alcohol laws ahead of women’s ministers meeting
-
General22 hours agoPutin says US-Ukraine text could form basis for future peace agreement