The billionaire founder of Revolut is set to see his wealth rise sharply following reports of a pay package that would deliver a major stock windfall if the fintech reaches a $500bn valuation.

The digital bank, which is currently undergoing a secondary share sale seeking to value the firm at $115bn, is in discussions to award Nik Storonsky a new incentive deal tied to Revolut’s target valuations.

Storonsky already has a package that gives him gradual pay increases as Revolut reaches higher valuation milestones, a structure that links his compensation to the company’s growth rather than a fixed salary alone.

In a Russian-language interview in December, the fintech chief said his current package puts him in line for a 40 per cent holding of Revolut at a $200bn valuation. That would leave him in line for a payout of around £57bn, which would catapult him to become the richest man in Britain.

Revolut secured a $75bn valuation last year following investment from Nvidia. The fintech giant does not disclose Storonsky’s specific holdings, but company filings put his stake at around 30 per cent.

Target-based packages have become a theme among the fastest-growing global technology companies, with Elon Musk landing a record-breaking pay package worth up to $1tn last year, based on his rise in Tesla’s market value over a ten-year period.

If a new deal is agreed for Storonsky, it would be the largest of its kind in Europe.

A Revolut spokesperson said: “As a matter of company policy, we do not comment on the specific remuneration, incentive packages, or private compensation structures of any individual employee.”

Revolut founder climbs the Rich List

Talks over a new package, first reported by the Financial Times, follow Storonsky’s rise up Britain’s wealth rankings over the past year.

The fintech boss, who was born in Russia but became a British citizen after moving to London, climbed 20 places in the Sunday Times Rich List to seventh place. Storonsky’s wealth was recorded at £16.4bn, following an average gain of £25.8m a day since the previous year’s list.

Revolut is speculated to be targeting a public debut in 2028 at the $200bn mark. Storonsky told Bloomberg TV in April that the blockbuster IPO was “two years away”.

“We’re a bank, and for a bank, it’s super important to have trust. Public companies are trusted more compared to private companies”.

Alan Chang, the boss of Fuse Energy who served as Storonsky’s “second-in-command” in Revolut’s early days, told City AM he believes any valuation on the road to a trillion was “just a stepping stone”.