Revolut founder and chief executive Nik Storonsky reportedly sold hundreds of millions of pounds worth of shares in the flourishing fintech firm during an offering to staff last month.
According to Sky News, Storonsky’s shares equated to between 40% to 60% of those offered to staff in August’s secondary sale.
Revolut had said at the time that the placement valued it at US$45 billion (£35 billion), leaving the company as one of Europe’s biggest startups.
Storonsky’s shares were said to have gone for between US$200 million and US$300 million during the sale, though this would have made up little of his roughly US$8 billion stake.
He had said Revolut was “delighted to provide the opportunity to employees to realise the benefits of the company's collective success,” at the time.
A Sky-quoted insider said several thousand employees bought into the company at the time, which came weeks after Revolut secured a long-awaited banking licence in the UK.