Stripe founders’ fortunes plunge by more than $6bn amid global tech stock meltdown

The Collison brothers are now worth $8.29 billion apiece, down 27 per cent from the $11.4 billion each reported in July

Patrick and John Collison, founders of Stripe: they are not the only ones whose personal wealth has declined. The fortunes of America’s richest billionaires tumbled on Tuesday last by $93 billion. Picture: Bloomberg

The value of John and Patrick Collison’s personal fortunes has plunged by more than a quarter, with the Irish brothers having lost more than $6 billion in recent months following a revaluing of Stripe, the online payments firm they founded.

The move comes as the total worth of fellow tech billionaires such as Elon Musk and Jeff Bezos has also dropped in value, with companies in the sector bearing the brunt of an economy in ...