Before he entered college, Collison had already become a millionaire with his older brother Patrick. They had launched a software firm that made it easier for sellers to manage transactions on eBay.
Collison came to the United States to study physics at Harvard in 2009. "It is a weird thing — people are almost surprised that I'm going to college," he told Ireland's Independent at the time. "There's absolutely no doubt that college is what I want to do."
However, by the next year Collison changed his tune, dropping out of Harvard and heading to Silicon Valley with Patrick to start what would become Stripe.
Stripe officially made its public debut in 2011. The company simplified the way businesses accept online transactions by allowing them to integrate payment processing into their websites, instead of forcing users to register and make an account every time.
By 2015, Stripe was valued at $5 billion, and in November 2016, it spiked to a whopping $9.2 billion. The valuation brought Collison's fortune to $1.1 billion, making him the youngest self-made billionaire in the world at age 26.
Stripe board member Mike Moritz told Bloomberg that the Collisons were more "humble and well-rounded" than your average tech moguls. "There's such an improbability to their story — that these brothers from a little village would come to build what could well be one of the most important companies on the internet."