Nick Molnar

Nick Molnar is an Australian entrepreneur who is the co-founder of Afterpay.

Early life and education
While attending Sydney's Moriah College, as a student, Molnar 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.

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

Afterpay
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. 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.

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. 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.

Personal life
In November 2015, Molnar married Gabrielle and they have two children. In 2020 Nick and Gabrielle Molnar purchased a property for approximately A$27 million; and subsequently acquired an adjoining property the following year for A$18.5 million. In November 2022 it was reported that Molnar was intending to sell an 864 m2 Los Angeles apartment for A$43 million; that was subsequently sold to Rihanna for A$31 million. Molnar is Jewish.

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