Nik Storonsky, founder and CEO of Revolut, on the Web Summit Rio 2023.
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The family office of Revolut’s billionaire Nik Storonsky has tacitly arrange a network of high-end holiday objects as a part of plans for a brand new luxury travel business.
The project called “Utopia Design” builds luxury properties in Spain, Brazil and the Dominican Republic, that are supported by the Storonsky family office, says sources near the project, company applications and online Forbes.
Utopia was arrange without fanfare in 2023 and describes itself as a “modern architectural company” and as an actual estate developer with the pitch to create “unique experiences in unique places” in his LinkedIn profile and within the job advertisements. “Utopia designs and builds villas that combine innovative architecture with breathtaking natural environments and offer unprecedented luxury and exclusivity for those who are looking for extraordinary life experiences,” said the corporate in a listing.
The real estate in Cabarete within the Dominican Republic, Jericoacoara, Brazil, and the pedalbes, the costliest district in Barcelona, ​​Spain, mainly “high-end luxury villas” within the Dominican Republic, Jericoara, Brazil. The only connection between the locations appears to be that they’re near all popular places for kite browsing, which storonosky has said He is passionate. The parent company, which owns Utopia’s business in Great Britain and Brazil, is an organization registered by British Virgin called Kiteway.
The Utopia website incorporates only a “coming soon” banner and a link to the handfuls of open roles.
Outside of the vacancies, the corporate has not given any evidence of its projects that were awarded outside the illustration of architectural designs for quite a lot of large villas and rendering for swimming pools, cabanas and a gym outdoors.
Utopia has set a big selection of roles prior to now two years, including architects, designers, engineers, tree managers and employees with experience within the management of luxury hotels and restaurants. The company has also hired quite a lot of individuals with experience in CGI and 3D art visualizations.
Nowhere does Utopia mentions his connection to his wealthy owner, but the identical recruiters have published roles for Utopia and Storonsky’s family office, and the LinkedIn page of Utopia lists its address as the identical Central London ownership through which Storsky’s family office and his latest office of US dollar are registered. The directors of Utopia HQ Limited were mentioned in British company information as revolut and quantumlight executive Ezio Mantegazza and a former Zahid -Hadid architect Nicos Yiatros, who listened to Linkedin as a former design director for Utopia. Mantegazza and Yiatros aren’t any longer any directors of the corporate.
Revolut refused to comment.
Brands of Utopia HQ Limited submitted to the Great Britain Office for mental property Note that Utopia isn’t only a holding company for a Tech billionaire -holiday ownership. The trademark reserves the name Utopia within the Hotel, Concierge services and software area in reference to guest management.
According to sources, that are involved within the project, Utopia was also involved within the reconstruction of Storonsky’s West London Herrhaus. The Tech billionaire bought the property with the assistance of a credit from Credit Suisse in 2019 for $ 25 million. The property was inbuilt the form of a Stuck front men’s house from the nineteenth century in 2012, however the Tech billionaire has submitted quite a lot of conversion applications since 2019. Online registrations show that Storonsky has submitted permission to construct an expansion on the 9,000 square meter property and excavation of a basement to a gym, sauna, underground swimming pool and a ranic room.
The former Lehman Brothers Trader Storonsky was in 2015 with the Cofound Cofound -Revolut with the software engineer Vlad Yatsenko. The Fintech, based in London, has began to offer previous travel money cards, but quickly expanded quite a lot of services resembling a crypto broker and now has a banking license in Great Britain and Europe.
The company has continued to expand its business activities far beyond the scope of most competing fintechs and is now lively in 38 countries, including the USA, Mexico and Japan, stock trading, savings accounts, business banking, wire transfers and even SIM cards. At the start of this month, Revolut began to place employees with the experience of asset management for a previously registered advance into the competition with private banks. The company is just too Attitude For an investor to administer access to risk capital, private equity and hedge funds for its wealthy latest customers.
In August 2024, Revolut recently had a price of 45 billion US dollars in a secondary sale and reported in April that a net profit of $ 1 billion was achieved for sales of $ 4 billion last 12 months. Storonsky was reported Shared shares value over 400 million US dollars in secondary stocks. Forbes His net assets of seven.9 billion US dollars estimate.
