Nick Molnar

Nick Molnar
Born	Australia
Alma mater	University of Sydney
Occupation(s)	Business figure, entrepreneur
Known for	Co-creator of Afterpay

Nick Molnar (born February 1990) is an Australian business figure and co-creator of Afterpay.

Early life and education

During his time at Sydney's Moriah College, Molnar started selling jewellery through eBay, eventually becoming the platform’s leading jewellery vendor in Australia. He persuaded the American online jeweller Ice.com to allow him to establish iceonline.com.au, scaling the enterprise to generate 2 million in yearly revenue.

Molnar earned a Bachelor of Commerce degree from the University of Sydney.

Afterpay

In 2014, Molnar joined forces with Anthony Eisen to launch Afterpay, a consumer credit service that permits purchases up to $1000, payable in four interest-free instalments. If payments are missed, late fees apply but are limited to 25% of the item's price. Retail partners incur fees ranging from 4-6% per transaction.

In August 2021, Afterpay consented to acquisition by Square, Inc. (which rebranded as Block, Inc. in December 2021) for 29 billion (39 billion), with the deal finalised on 31 January 2022. Molnar and Eisen received Square stock valued at 2.7 billion for their holdings and jointly oversaw Afterpay’s merchant and consumer divisions within Square. Eisen subsequently departed, while Molnar assumed the role of global head of sales at Block.

Personal life

Molnar married Gabrielle in November 2015; the couple has two children. In 2020, they acquired a property in North Bondi for roughly AUD 27 million, followed by the purchase of an adjacent property in 2021 for AUD 18.5 million. In November 2022, Molnar listed an 864 m² apartment in Los Angeles for AUD 43 million; it was later sold to Rihanna for AUD 31 million. Additionally, he owns a rural estate spanning 6.3 hectares with three residences located in Bowral. Molnar is of Jewish heritage.

Net worth

By July 2022, Business Insider recognized Molnar as Australia's youngest "self-made" billionaire. In 2021, he was honored as a Bloomberg New Economy Catalyst. As reported in May 2025 by The Australian Financial Review, his net worth stood at AUD 1.11 billion on the Financial Review Rich List.

Year	Financial Review Rich List		Forbes Australia's 50 Richest
Rank	Net worth (Template:AUD)	Rank	Net worth (Template:USD)
2020	50 Decrease	$1.86 billion Decrease
2021	38 Template:Up	$2.67 billion Template:Up
2022	90 Decrease	$1.50 billion Decrease
2023	111 Decrease	$1.26 billion Decrease
2024		$1.40 billion Template:Up
2025	Template:Nts Decrease	$1.11 billion Decrease

Legend
Icon	Description
Steady	No change from previous year
Increase	Increase from previous year
Template:Loss	Decrease from previous year