Revolut Co-Founder Nik Storonsky Sued Over Alleged $400 Million Superyacht Deal
The fintech billionaire is accused of circumventing his yacht broker to avoid paying a $20 million commission.
Nik Storonsky, co-founder of the fintech company Revolut, is facing a lawsuit alleging he deliberately avoided paying a significant commission on a $400 million superyacht transaction. The suit claims Storonsky acted to circumvent his yacht broker, potentially saving approximately $20 million in brokerage fees.
The legal action was filed by a yacht broker who asserts that Storonsky engaged in a strategy to complete the superyacht purchase without involving or compensating the broker, despite their role in facilitating the deal. The allegations center on the clandestine nature of the final stages of the transaction, which the plaintiff claims were designed to cut out their earned commission.
Details of the specific superyacht involved and the timeline of the purchase have not been fully disclosed in the initial reports. The lawsuit aims to recover the commission that the broker claims is owed for their services in arranging the acquisition of the high-value vessel.