Mr Molnar previously said he owed the success of that venture to his 'entrepreneurial spirit', which later gave him the drive to launch Afterpay. ... Failure, Mr Molnar says, is something that shouldn't be feared and often led him to another path which later turned into a success.

When did Nicholas Molnar start Afterpay?

REAL TIME NET WORTH

Nick Molnar cofounded Australian fintech startup Afterpay in 2015, which lets people pay for small items like dresses in 4 interest-free installments.

Where did the idea for Afterpay come from?

Nick Molnar, a graduate of Moriah College and Sydney University, developed the idea for Afterpay together with a neighbour in Rose Bay, investment banker Anthony Eisen, after the two met in 2012. The business Afterpay was founded in 2014.