Nick Molnar

While attending Sydney's Moriah College,[2] as a student, Molar began selling jewellery on eBay, ultimately becoming the top Australia jewellery seller on the site. Molnar persuaded Ice.com, a U.S. online jeweler to let him launch iceonline.com.au. He eventually grew the business to A$2 million in annual revenue.[3]

He graduated with a Bachelor of Commerce from the University of Sydney.[4]

In 2014, Molnar began working with Anthony Eisen to develop Afterpay, a consumer lending company that would allow consumers to purchase items up to $1000 and pay in four interest-free instalments.[3] Late charges would accrue beginning after a payment is missed, with interest and fees capped at 25% of an item's price. Retailers are charged 4-6% for every transaction.[3]

In August 2021 Afterpay and Square, Inc. (later renamed Block, Inc. in December 2021), a digital payments company, announced they had entered into arrangements for Square to acquire Afterpay for US$29 billion (A$39 billion) which was completed on 31 January 2022.[5][6][7] Molnar and Eisen received US$2.7 billion in Square stock for their Afterpay shares and, post-settlement, they jointly led Afterpay’s merchant and consumer businesses inside Square.[5][8]

In November 2015, Molnar married Gabrielle[9] and they have two children. In 2020 Nick and Gabrielle Molnar purchased a North Bondi property for approximately A$27 million; and subsequently acquired an adjoining property the following year for A$18.5 million.[10][11] In November 2022 it was reported that Molnar was intending to sell an 864-square-metre (9,300 sq ft) Los Angeles apartment for A$43 million;[12] that was subsequently sold to Rihanna for A$31 million.[13]

Net worth

In July 2022, Business Insider Magazine stated that Molnar was the youngest Australian "self-made" billionaire.[14] In 2021, Molnar was selected as a Bloomberg New Economy Catalyst.[15] As of May 2023, The Australian Financial Review assessed Molnar's net worth at A$1.26 billion on the 2023 Rich List.[16]

Year	Financial Review Rich List		Forbes Australia's 50 Richest
	Rank	Net worth (A$)	Rank	Net worth (US$)
2020[17]	50	$1.86 billion
2021[18]	38	$2.67 billion
2022	90	$1.50 billion
2023[16]	111	$1.26 billion

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